### What is Syrup?

Syrup Token (SYRUP) is a governance and utility token associated with Maple Finance, a decentralised lending platform. Syrup is designed to allow token holders to participate in protocol governance and receive staking rewards within Maple Finance's ecosystem.

### How does Syrup work?

Syrup operates on a blockchain platform that implies the use of Ethereum technology, leveraging smart contracts to manage its staking and governance functionalities. SYRUP holders can stake their tokens, participate in governance decisions, and earn rewards. The staking mechanism encourages active involvement in the Maple Finance ecosystem.

### What are the potential use cases for Syrup?

Potential use cases for Syrup include:

- Providing liquidity and earning staking rewards within its ecosystem.
- Participating in governance by voting on proposals.
- Serving as collateral in DeFi lending and borrowing.
- Facilitating participation in yield farming across integrated DeFi platforms.

### What is the history of Syrup?

Syrup was launched by Maple Finance, a platform known for its institutional lending solutions. It first became active on May 28, 2023. It introduced the SYRUP token to enhance community engagement, enable governance functionalities, and integrate with other DeFi protocols. The token was part of a strategic shift, involving a rebranding and conversion of MPL tokens to SYRUP tokens.

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