SYRUP is the native token of Maple, a prominent digital asset lending platform that focuses on secure, institutional-grade lending solutions for the digital asset economy. SYRUP will govern the broader Maple ecosystem, and with staking, users can contribute to the Protocol and earn more SYRUP. The launch of the SYRUP token is a major milestone in the evolution of the Maple ecosystem. The protocol has exhibited remarkable growth over the past year and solidified its reputation as DeFi’s institutional lender. The SYRUP Staking program (established November 2024) allows SYRUP holders to share in the growth of the Maple and Syrup ecosystems. Stake SYRUP into a Maple owned and audited smart contract and receive stSYRUP. stSYRUP is an ERC-20 token and accrues distributed rewards second-by-second. SYRUP staked into the stSYRUP contract is not used as a form of first-loss Pool Cover, lent out, or used by other contracts to earn yields. BitMart announced the listing of SYRUP on November 13, 2024.
