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Maple Finance Eyes Token Buyback Plan to Reward Stakers

CoinTelegraph

Maple Finance, a leading DeFi protocol, is exploring the possibility of utilizing revenues generated from on-chain lending activities to buy back its native SYRUP tokens. The tokens would then be distributed as rewards to stakers, further incentivizing participation in the ecosystem. This move aims to enhance the protocol's overall tokenomics and foster a more robust community. By incorporating token buybacks, Maple Finance seeks to promote long-term sustainability and growth, while also providing additional benefits to its stakeholders. With this strategy, the platform aims to stay competitive in the DeFi lending space, leveraging blockchain technology and decentralized finance principles to drive innovation.