SYRUP jumps 16% after Maple reveals 2M token buyback. Maple's move comes as token buybacks across crypto have grown fivefold over the past year. SYRUP surged as much as 16% on the 24-hour chart after Maple Finance, an on-chain asset manager overseeing more than $3 billion, announced it had allocated 25% of its November revenue to repurchasing 2 million of its native asset. After Maple announced that it had bought back 2 million tokens, removing them from the circulating supply, SYRUP rallied to touch $0.28 with a market capitalization of over $318 million, according to CoinGecko. The asset as since retraced to just above $0.26 by press time. Though the token is up about 19% this year, it has had a rough last month, dropping about 32% in 30 days. "Maple just used 25% of November revenue to buy back 2M SYRUP," the company wrote in a post on X this morning. "Less supply on the market, more value driven to long-term holders. Keep this pace of buybacks and >2% of all $SYRUP gets pulled from circulation each year." The move reflects a broader trend of growing buybacks across crypto, as more projects choose to use revenue in a way that could benefit token holders, instead of reinvesting it all into growth and marketing. One recent report from investment firm Keyrock found that token buybacks have increasingly become a key tokenomics feature, jumping more than fivefold since 2024. "Token buybacks are rapidly becoming a central lever in how protocols think about value distribution," the report reads. "Still, their rise has sparked debate over timing and trade-offs, particularly given that most crypto protocols remain in their growth stage." Maple's token purchase using its November revenue marks the first month of its new buyback policy, after token holders passed a proposal aimed at "long-term sustainability." In October, SYRUP stakers voted to end staking rewards and redirect a portion of protocol revenue into the Syrup Strategic Fund, which will in part be used for regular SYRUP buybacks, as The Defiant previously reported. The changes come as Maple Finance has recorded significant growth this year, with total value locked (TVL) climbing from $513 million at the start of the year to around $2.8 billion today, according to DefiLlama. The buybacks also come at a time when Maple is facing legal pressure abroad. Earlier this month, a Cayman Islands court issued an injunction blocking the launch of syrupBTC, a new Bitcoin yield product, after partner Core accused Maple of violating an exclusivity agreement.

Core Foundation claims Maple misused confidential data: Court says 'serious issue to be tried' While denying any wrongdoing, Maple said that it plans to pursue available remedies aggressively to ensure Core is held responsible. Core Foundation has issued a detailed statement commenting on its dispute with Maple Finance after the Grand Court of the Cayman Islands granted an injunction against Maple over alleged breaches of commercial agreements related to the development of lstBTC, a Core-powered liquid-staked Bitcoin token. The injunction was granted after the Court found a "serious issue to be tried" regarding Maple's alleged misuse of Core Foundation's confidential information and breach of a 24-month exclusivity clause. Under the order, Maple is prohibited from launching or promoting syrupBTC, its allegedly competing product, and from dealing in CORE tokens without prior written consent pending arbitration. Partnership gone wrong. According to Core Foundation, the partnership began in early 2025, and both parties collaborated on lstBTC, a Bitcoin yield product designed to keep BTC securely custodied at firms like BitGo. Core said it invested significant financial and technical resources into development, marketing, and subsidies, and noted that the partnership's public launch at Consensus Hong Kong in February 2025 was well received. At that time, Maple Finance reportedly managed less than $500 million in assets, and Core stated that early revenue and traction from the Bitcoin Yield product beginning in April 2025 contributed to Maple's rapid growth. Core alleged that by mid-2025, Maple began using its confidential information and work product while simultaneously accepting Core's resources to develop syrupBTC, which it considers a directly competitive product in breach of exclusivity. In a judgment dated September 26 and published on October 30 of this year, Justice Jalil Asif KC held that damages would not be an adequate remedy due to the risk of Maple dealing in or shedding CORE tokens and the potential head start Maple would gain by launching its competing offering. Core Foundation also stated that Maple had brought over $150 million in Bitcoin to the early OTC version of the yield product, and that, based on Maple's representations, the Bitcoin was expected to be held in fully bankruptcy-remote segregated portfolios at reputable custodians. It added that the BTC Yield product included CORE price protection via third-party put options, and that it had paid out millions of dollars on these protections until Maple's alleged breaches, at which point Core sought the injunction and terminated the agreements. Core Foundation said Maple has since indicated it must declare an impairment affecting Bitcoin lenders, but Core said it is unclear why Maple cannot return the Bitcoin or whether Maple has the right to impair it, while citing its understanding that the assets were held with licensed custodians. You may also like: Core described Maple's position as concerning and said it is pursuing legal action. In response, Maple Finance said it "stands firmly in defense of lender rights" and stressed that there is no impact on its broader business operations. The on-chain asset manager denied any wrongdoing and tweeted, "Core Foundation's actions are directly against lender interests. Maple denies any allegations of wrongdoing on its part and will be pursuing all available remedies aggressively to ensure Core Foundation is held responsible for the consequences of their actions." SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Aave rebounds above $230 confirming double-bottom reversal. On the news front, Aave said it would expand its collateral assets with Maple Finance's institutional-grade yield tokens. What to know: * AAVE advanced 2.5% to $232, reversing an overnight selloff and breaking above $224.50 resistance early Tuesday afternoon. * A double-bottom formation near $220 held, supported by an 87% surge in trading volume. * Aave will begin listing Maple's institutional-grade assets as collateral in a new strategic partnership. The governance token of Aave AAVE$231.03, the world's largest decentralized lending protocol, advanced 2.5% on Tuesday afternoon above $230, recovering from an overnight selloff. The token pushed through key resistance levels, confirming a double-bottom support zone between $220 and $221.13 and triggering a reversal as volume spiked nearly 90% above daily averages, according to CoinDesk Research's analytics model. The breakout above $224.50 signaled renewed buying interest, capped by institutional accumulation in the final minutes of trading. The move happened as the broader crypto market bounced, as a selloff in gold and silver pointed to renewed appetite for risk assets. Aave also unveiled Tuesday a partnership with Maple Finance (SYRUP) to onboard institutional-grade assets as new forms of collateral. The integration will start with syrupUSDT, followed by syrupUSDC - products backed by Maple's managed yield strategies - to be used for borrowing across Aave's lending markets, beginning with its Plasma and core markets. The collaboration aims to bridge institutional capital and DeFi liquidity. Maple, which manages billions in onchain lending volume, brings allocators and borrowers seeking consistent yield. Aave, with over $3.2 trillion in lifetime deposits since its 2020 launch, offers the liquidity depth to absorb that demand. For users, this means higher-quality collateral and more stable borrow demand. For the protocol, it could support Aave's variable-rate model through a broader base of non-volatile, creditworthy assets. In a volatile macro environment, the move signals a shift toward more predictable, capital-efficient lending mechanics in DeFi. Technical analysis. Key technical levels signal a potential reversal for AAVE, CoinDesk Research's analysis model suggested. * Support/Resistance: Double-bottom support holds at $220.00-$221.13 zone. * Volume Analysis: Massive 87% surge above daily average during breakdown followed by concentrated accumulation. * Chart Patterns: Downtrend with lower highs reversed by double-bottom formation and decisive breakout above $224.50 resistance confirms reversal potential. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by its editorial team to ensure accuracy and adherence to its standards. For more information, see CoinDesk's full AI Policy.