$HOODRAT_COIN
Sudden SpikeSnapshot Window: 2026-07-19 07:50 UTC · ← Back to Crypto Overview
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MIP-021 passed with 99.97% voting in favor. Starting in August, protocol revenue begins funding buybacks through a rules based framework. But there's more to it than the announcement. Watch the video to see how the revenue tiers work, why buybacks scale over time, and what the [Spoken audio]: but the SSF was taking 25% of revenue across the first half of this year. So that amounted to about 2.7 million in stables going towards it. You can see today that the SSF holds a relatively healthy balance. So it's got 77 million tokens. It has 4.2 million in stables and liquid assets. That's not the entirety of Maple's balance sheet. We'll get to that in a moment. In terms of buybacks, I know this was like a big point for a lot of community members. So 2025, we did about 8 million syrup tokens bought back. 2026, that number was smaller. So it was around 2.5 million repurchased. Part of the thinking there was, Joe and I wanted to ensure that we had strong cash reserves and strong cash reserves and resilience for a bear market. We've been in the position before we've had to do a raise in the midst of the 2023 bear market. and ultimately the only way that projects like Maple fail is if you run out of money. So yes, flybacks are great and we will get to that in a moment, but we wanted to ultimately have the strength so that Maple is in control of its own destiny. It has a healthy cash runway reserve and it has the balance sheet strength to pursue growth opportunities, key partnerships and continue growing the ecosystem. Now, if we look at that balance sheet in totality, so the Treasury and the Syrup Strategic Fund, it has over 110 million Syrup tokens, as well as 14 million in stables and liquid assets. So that's healthy runway in case revenue drops to zero. We can keep going, we won't be put in a position where we have to raise from a position of weakness. But we did hear the feedback from the community around buybacks, transparency, and having clear set of rules around that. So let's take a look at that. So there's three jobs in the Syrup Strategic Fund. We have strategic opportunities. So these could be partnerships, new earn programs, potential M&A, there's support for the token liquidity, so on DEXes and with market makers. And then there are cash reserves for a rainy day as well as buybacks. Buybacks were the focus of a lot of the community discussion over the last few months. So what we're doing is we will be putting up MIP 21. It's currently up for discussion, but it will go live for a vote next week on the 12th. But what we're gonna put in place here is a rules-based framework for buybacks. So we want the ability to scale these in case there are lean months in terms of revenue. And so that's why what is proposed is when revenue is leaner at less than 1.5 million a month, it would be 10% buybacks. Where revenue is in the middle range at 1.5 to 2 million, it'd be around 20% going to buybacks on a monthly basis. And then where revenue exceeds 2 million per month, we would up that to 30% going to buybacks. And again, just a programmatic rule, not having discretion around it, this would just occur monthly. So this is up for discussion at the moment, and then it will progress to a vote next week. But this ensures that the SSF is allocating more to buybacks, there is less discretion involved, and of course those buybacks will appear on the transparency page.
