Syrup Finance is a retail-friendly lending platform on top of Maple Finance’s existing vaults.
Why We Are Hunting This
MIP-009, which passed in August 2023, authorized a 23% increase to the MPL supply by 2025 to be utilized for growth incentives. Early USDC depositors into Syrup will be rewarded with Drips, its version of points, with boosted allocations for increased lock durations. MPL is expected to be converted 1:1 to SYRUP in Q4 2024, and Drips accrued by users will be redeemable for the new token in unknown quantities at this point.
Official Links
Tasks & Quests
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Difficulty: Easy | Time: 2 min
- Connect your wallet to Syrup and switch to Ethereum
- Input the amount of USDC you want to deposit
- Select whether you want to lock your deposit to receive Drips at a higher rate
- Click “Review” and approve the transaction
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