Drips Rewards
Last updated
Last updated
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 through stable coin deposits and long-term commitment.
Each earning period for earning rewards is known as a Season, each lasting one quarter. Users accumulate Drips on a 4H 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.
All SyrupFi users qualify for Drips and can see their current Drips allocation, broken down per season, on . This includes the Pendle and OKX Drips.
Each new claim window opens on the 18th at 12 PM UTC and closes on the 18th of the following month at 3 AM UTC.
Users can claim their rewards in full the month following the end of the season (quarter).
$SYRUP token rewards always unlock in full. Unlocks are always at 12pm UTC. Once the tokens are unlocked, they will be instantly claimable without any vesting, including for everyone who has committed their deposits.
Please note that the tokens are only claimable until the next claim date starts. As an example, for Drips season one, you were be able to claim the first third of the allocated SYRUP tokens between the 18th of December at 12pm UTC and the 18th of January at 12pm UTC. Unclaimed tokens are returned to the treasury.
SYRUP tokens when claimed can automatically be staked, which will have users participate in the growth of Maple and Syrup.
Please only claim on . Don't engage with any other links. Feel free to ask any questions in .
In case you want to stay up-to-date on the latest for Drips claiming, join the channel here:
The Drips campaign incentivizes early users to join and contribute to the growth of Maple and SyrupFi. It has successfully helped grow the TVL and lead to collaborations with DeFi leaders like OKX, Pendle, Morpho, and Ether.fi.
Claim dates vary by season. Refer to the Drips page to see the next open claim period.
Unclaimed tokens will be returned to the treasury after the claim period ends.
No, once tokens are unlocked, they are instantly claimable without any vesting.
Yes, claimed $SYRUP tokens can be staked to participate in the growth of Maple and SyrupFi.
Join our Telegram group at https://t.me/maplefinance for questions and updates.
All SyrupFi users qualify for Drips rewards. Users can view their current allocation and breakdown by season on .
Only claim your tokens through . Avoid engaging with any other links to protect your assets.