Drips Rewards

Drip Rewards Overview

The introduction of the SYRUP token enhances alignment between the Maple and Syrup ecosystems and enables the protocol to capture value from institutional credit markets through DeFi. The Drips Rewards Program is an innovative rewards program that enables users to earn SYRUP by creating rewards for early participation and long-term commitment.

Each earning period for earning rewards is known as a Season, each lasting one month. Users accumulate Drips on a daily basis, with the base rate established as 1 Drip per 1 USDC per day. Users can then perform actions that will increase this base rate, such as depositing into Syrup using one of our wallet integration partners or leveraging syrupUSDC throughout DeFi. These small actions translate directly into boosted rewards for users.

In addition to these incentives and enhancements, depositors can also boost their Drip rewards by taking a more substantial stake in the Syrup ecosystem:

• A 3-month capital commitment to the Syrup platform will earn a 1.5x multiplier on the user’s base rate.

• A 6-month capital commitment would ensure a 3x multiplier on the user’s base rate.

• These Boosts are designed to reward substantial actions that support the long term growth of Syrup. Boosts can also be compounded by participating in more than one incentivized activity.

Users will be able to begin claiming their Drips rewards through the Syrup webapp starting 15 December. Drips will be convertible to SYRUP in phases, starting with Season 1, with subsequent Seasons’ Drips made available in subsequent months.