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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
Share your unique insights on the CROSS project and stand a chance to win $500 worth of CROSS rewards!
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1. Publish your unique insights on the CROSS project in Gate Square.
2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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Maple proposal MIP-013: Introducing a fee buyback mechanism to reward SYRUP stakers
On January 15th, PANews reported that governance proposal MIP-013 has now been released, proposing to use 20% of protocol revenue in Q1 2025 for the repurchase of SYRUP tokens and distribution to SYRUP stake holders (stSYRUP). The move aims to reward long-term stakers, strengthen the alignment of interests between the protocol and stakers, and increase stake incentives. Proposal highlights: • The current Annual Recurring Revenue (ARR) of Mapleprotocol is approximately $5 million, and it is proposed to use 20% of the Q1 revenue for monthly market buybacks of SYRUP. • The repurchased SYRUP will be distributed to stSYRUP holders through smart contracts, providing an estimated annual yield of approximately 5.0% for stakeholders. • 20% of the inflation supply will also be added to stake rewards, with the remaining 80% reserved in the DAO treasury for other strategic projects. Voting will open on January 20, 2025, and is limited to stSYRUP token holders.