BitMart has officially listed Syrup (SYRUP), the governance token for the Maple and Syrup ecosystems. Designed to play a pivotal role in the Maple DAO, SYRUP enables users to actively participate in decision-making processes, such as token distribution, treasury recapitalization, product launches, and smart contract upgrades.
All SYRUP tokens, whether staked or unstaked, will be eligible for use in the governance process. Voting is conducted by connecting a wallet with sufficient SYRUP or stSYRUP balance to Snapshot. Governance proposals have a 7-day voting window, during which participating wallets can vote for against a proposal. Once a quorum has been reached for or against a decision, and the 7-day voting window is over the vote has passed. If a quorum is not reached, or there are more votes against the proposal than for, the vote is rejected. As part of the implementation of Maple's latest governance proposal, MIP-010, the Syrup protocol will mint approximately 1.15 billion SYRUP.
