Larger Buybacks Fail to Offset the Slide
Maple’s transparency dashboard displayed $2.68 billion in assets under management for syrupUSDC on Oct. 19. In its Oct. 16 monthly update, Maple also reported $1.67 billion in loans outstanding in its Q3 highlights, up 12% year over year.
The same update said September protocol revenue crossed $1.5 million, lifting the share allocated to buybacks under MIP-021 from 10% to 20%. Maple reported buying 1.37 million $SYRUP, about double August’s 0.68 million.
In an Oct. 9 post, Maple said it had completed the purchase, spending $314,116 for 1,371,166 $SYRUP at an average price of $0.229. The company emphasized that buybacks “are not a dividend, distribution, profit-share, or guaranteed return.” The larger purchases did not prevent the subsequent weekly decline.
Buybacks have been part of Maple’s token strategy since stakers voted to end staking rewards and redirect a portion of protocol revenue to the Syrup Strategic Fund in October 2025, as The Defiant previously reported.
Maple’s next scheduled community AMA is Nov. 11, according to its October update.