In a twist that would make even the most jaded of financiers raise an eyebrow, Maple Finance finds itself ensnared in a legal snarl, its plans for syrupBTC abruptly halted by the self-proclaimed guardians of Bitcoin’s purity, Core Foundation. A court, presumably more interested in drama than dividends, has issued an injunction, leaving Maple’s ambitions as sweet as a sugar cube in a hurricane. 🍬🌀
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Maple sunsets SYRUP staking
Against this backdrop of legal tensions and product disputes, Maple Finance has undergone significant structural changes regarding the tokenomics of SYRUP, its native governance and fee-sharing token. A “structural change” that sounds suspiciously like a financial sleight of hand. 🎩🐇
Earlier this month, Maple pulled the plug on SYRUP staking rewards and switched to a new revenue-based model, where 25% of all protocol revenue will be used to fund the newly formed Syrup Strategic Fund, which in turn, will buy back tokens and inject liquidity as required. A move as transparent as a magician’s trick-just don’t ask how the rabbit disappeared. 🐇
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2025-11-20 10:50