Maple Finance, a decentralized finance lending protocol operating on Solana and Ethereum, is set to sunset SYRUP staking rewards just under a year after the token’s launch. Staked SYRUP (stSYRUP) voted in favor of the move, first proposed in a Maple Improvement Proposal (MIP) on Oct. 24.

Voting on MIP-019, which began on Oct. 27, closed on Oct. 31, with over 99% of participating voting power in favor of the move. A total of 26 wallets participated in the vote, with 30% of voting power coming from a single address backing the proposal.

Per the proposal, instead of paying out staking rewards to holders of Maple’s native token SYRUP, a portion of platform revenue will be reallocated to a newly created Syrup Strategic Fund (SSF).

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