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  1. SYRUP Token

Governance and Voting

Last updated 4 months ago

Introduction to Governance

The SYRUP token is the governance token for the Maple DAO and governs both the Maple and Syrup ecosystems. Only staked SYRUP tokens will be eligible for use in the governance process and can participate in voting, as proposed in and voted on by the DAO.

Governance voting include decisions on token distribution, recapitalising the Maple Treasury, launching new products, and upgrading the smart contract infrastructure. SYRUP holders can simply stake their SYRUP on syrup.fi/stake to participate.

Voting is conducted by connecting a wallet with sufficient stSYRUP balance to . Governance proposals have a 7-day voting window, during which participating wallets can vote for against a proposal. Once a quorum has been reached for or against a decision, and the 7-day voting window is over the vote has passed. If a quorum is not reached, or there are more votes against the proposal than for, the vote is rejected.

MIP-012
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