Drips Rewards
Drip Rewards Overview
The introduction of the SYRUP token enhanced alignment within the Maple ecosystem and enabled the protocol to start capturing value from institutional credit markets through DeFi. Drips facilitate an innovative rewards program that enables users to earn SYRUP by creating rewards for participation and long-term commitment.
Each earning period for earning rewards is known as a Season, each lasting one quarter. Users accumulate Drips on a 4H, with the base rate established as 1 Drip per 1 USDC per day. Users can then perform actions that will increase this base rate, such as depositing into syrupUSDC using one of our wallet integration partners or leveraging syrupUSDC throughout DeFi. These small actions translate directly into boosted rewards for users.
In addition to these incentives and enhancements, depositors can also boost their Drip rewards by taking a more substantial stake in the Maple ecosystem:
A 3-month capital commitment to holding syrupUSDC will earn a 1.5x multiplier on the user’s base rate.
A 6-month capital commitment would ensure a 3x multiplier on the user’s base rate.
These Boosts are designed to reward substantial actions that support the long term growth of syrupUSDC. Boosts can also be compounded by participating in more than one incentivized activity.
Drips Claiming
Syrup users can see exactly when they will be able to claim their $SYRUP tokens, earned with the Drips they collected. Drips recipients will be eligible to convert their Drips to SYRUP and staked SYRUP (stSYRUP).
The Drips campaign was launched as a way to incentivize early users to join and participate in the overall growth of Maple. It has been a massive success and spawned integrations with the largest DeFi players including OKX, Pendle, Morpho and Ether.fi.
All syrupUSDC minters qualify for Drips and can see their current Drips allocation, broken down per season, on https://app.maple.finance/earn/drips. This also includes Pendle, Morpho and OKX users.
Each new claim window opens on the 18th at 12 PM UTC and closes on the 18th of the following month at 3 AM UTC.
$SYRUP token rewards unlock in full. Unlocks are always at 12pm UTC. Once the tokens are unlocked, they will be instantly claimable without any vesting, including for everyone who has committed their deposits.
Please note that the tokens are only claimable for one month after the claim starts. Unclaimed tokens are returned to the treasury.
Drips continue throughout 2025, with the program now having a quarterly distribution schedule.
SYRUP tokens when claimed can automatically be staked, which will let users participate in the growth of the Maple ecosystem.
Season 1
July 2024
18 DEC 2024
18 JAN 2025
18 FEB 2025
Season 2
August 2024
18 DEC 2024
18 JAN 2025
18 FEB 2025
Season 3
September 2024
18 DEC 2024
18 JAN 2025
18 FEB 2025
Season 4
October 2024
18 FEB 2025
18 MAR 2025
N/A
Season 5
November 2024
18 FEB 2025
18 MAR 2025
N/A
Season 6
December 2024
18 FEB 2025
18 MAR 2025
N/A
Season 7
January 2025
18 FEB 2025
18 MAR 2025
N/A
Season 8
February 2025
18 MAR 2025
N/A
N/A
Season 9
March 2025
18 APR 2025
N/A
N/A
Season 10
April, May, June 2025
18 JULY 2025
N/A
N/A
Season 11
July, August, September 2025
18 October 2025
N/A
N/A
FAQ
1. What is the Drips program?
Drips are an incentive layer on top of syrupUSDC's native yield.
2. Who qualifies for Drips rewards?
All syrupUSDC holders that minted it through https://app.maple.finance/earn or one of our DeFi partner UIs.
3. When can I start claiming my $SYRUP tokens?
Claim dates vary by season. Refer to the table above for your specific claim dates.
4. What happens if I don’t claim my tokens in time?
Unclaimed tokens will be returned to the treasury after the claim period ends.
5. Are there any vesting periods for claimed tokens?
No, once tokens are unlocked, they are instantly claimable without any vesting.
6. Can I stake my $SYRUP tokens after claiming?
Yes, $SYRUP tokens can be staked upon claiming them.
7. How do I claim my tokens safely?
The only claim link is https://app.maple.finance/earn/drips.
8. Where can I ask questions or stay updated?
Join our Telegram group at https://t.me/maplefinance for questions and updates.
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