Under-the-Radar DeFi Lending Altcoin Defies Crypto Market Downtick Amid New Proposal To Increase Staking Rewards
A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite the dip in the digital assets market.
The token of Maple Finance (SYRUP) is currently changing hands for $0.475, up by 7.95% over the past 24 hours.
This comes after the DeFi platform for institutional lending unveiled a proposal to increase allocations for purchasing the crypto asset on the open market.
The MIP-018 proposal, which will be open for voting by Syrup holders on July 25th, aims to raise token buybacks from 20% to 25% to increase staking rewards.
“MIP-018 proposes to allocate 25% of protocol fee revenue from Q3 2025 to buyback SYRUP tokens and distribute these as rewards to stakers…
