Maple Finance SYRUP

Fairly pricedRank#32▼13Score37

37.2× vs 31.9× for its peers: in line with the median.

Lending, Ethereum, Off Chain, 192 days of data

Market cap

$147.5M

price $0.126 · 7d −21.1% · 30d −48.0%

FDV $159.4M (1.1× market cap)

source defillama

Buyback revenue / year

$4.0M

holders revenue of the last 30 days, $326k, × 365 ÷ 30

Buybackbuyback share 20%

Buys back 2.7% of its market cap a year, using 20¢ of every $1 it earns.

Multiple

37.2×

peer median 31.9× (Lending, 4 tokens), against 37.2× here

Run-rate

39.9×

last 7 days $71k × 52 = $3.7M a year

last week's payout in line with the 30-day pace

What we checked

Valuation
Multiple 37.2×, in line with its Lending peers (median 31.9×, 4 tokens). The group's largest earner Sky trades at 26.7×: 1.4× dearer per dollar returned to holders. On total revenue: 7.4×, 3.1× cheaper than the revenue peer median.
Distribution
Buyback: Revenue buys the token on the market; the tokens stay in circulation (treasury, stakers or LPs). Holders got $326k of $1.6M revenue in 30 days → buyback share 20%. DefiLlama: “Token Buy Back: Share of revenue used for SYRUP token buybacks: 20% from Jan 2025, 25% from Jul 2025 (MIP-019), and from Jul 2026 10%/20%/30% of monthly revenue under $1.5M, $1.5M-$2M and above $2M (MIP-021).”
Sustainability
Holders were paid on 22 of 30 days (73%); largest single day 20% of the month's holders revenue; paid to holders this week: 50% of the best week in 90 days. Revenue −41% over 7 days and +14% over 30 days, price −48% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

Partly off-chain“Off Chain” next to other chains and not verified on-chain (penalty −10)

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d): $326k / $1.6M; last 30 closed days
To holders: Buys back 2.7% of its market cap a year
FDV / dilution: $159.4M / 1.1×; FDV ÷ market cap
Price 7d / 30d: −21.1% / −48.0%
Revenue growth 7d / 30d: −41% / +14%; versus the period before
Divergence: 0.79; revenue growth minus price growth, 30d
DEX liquidity: $2.0M; DexScreener, representative pools
24h volume: $6.5M; all markets, CoinGecko
Unlocks 30d: —; DefiLlama's schedule does not cover the next 30 days while tokens are still locked
Revenue multiple: 7.4×; market cap ÷ revenue per year
Fee multiple: 1.1×; market cap ÷ fees per year
Distance to peak: 50%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 37.2× (scored) · peer median 31.9×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
Date	Signal	Price then	After 7d	After 30d	Since	Outcome
November 11, 2026	New in top 20closed Nov 12: now ranked #32	$0.135	—	—	−7%	30-day check: day 1
November 1, 2026	New in top 20voided Nov 1: rule change of 1 Nov 2026: it would not open under the current rules	$0.16	−16%	—	−21%	not counted
November 1, 2026	Multiple below medianvoided Nov 1: rule change of 1 Nov 2026: it would not open under the current rules	$0.16	−16%	—	−21%	not counted

Versus peers

Lending (merged group) · 4 tokens · median multiple 31.9× · Sky is valued 9.1× higher. Per dollar that counts for holders, Maple Finance is 1.4× dearer.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
Token	Distribution	Multiple	Revenue multiple	Buyback share	To holders 30d	Market cap	Rev. growth 30d
Spark	Buyback	13.0×	3.7×	29%	$340k	$53.8M	+133%
Skyleader	Mixed	26.7×	8.4×	42%	$5.5M	$1.34B	−3%
Maple Financethis token	Buyback	37.2×	7.4×	20%	$326k	$147.5M	+14%
Liquity	Distribution	1.2k×	8.2×	80%	$128k	$15.8M	+409%

Score build-up37 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

37of 100#32▼13top 62%

Valuation 22.4Momentum 0.2Divergence 10.5Quality 13.4penalties −10= 36.5

Valuation35%

64Valuation 64.1: HR half 28.2 (multiple 37.17×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 100.0 (revenue peer value 3.11×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.

Momentum25%

1Momentum 0.9: m = 0.5·g7 −0.529 + 0.3·(ln(day jump 0.00) clamped ±1.5 = −1.500) + 0.2·g30 0.134 = −0.688; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.

Divergence20%

53Divergence 52.5: d = g30 − p30 = 0.787; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.

Quality20%

67Quality 66.8: mean of days HR>0 73% → 72.2 (0 at ≤30%, 100 at ≥90%), largest day 20% of HR30 → 89.1 (0 at ≥60%, 100 at ≤15%), distance to peak 0.50 → 39.2 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

Penalty −10 (off_chain_mixed): "Off Chain" next to other chains, not verified on-chain.

Penalties−10

−10Off Chain next to other chains, not verified on-chain"Off Chain" next to other chains, not verified on-chain

9 rules not applied, 3 wait for research data.

Where the numbers come from

Revenue source: 1 active child; DefiLlama adapter per child
Price and market cap: defillama / defillama; latest fetch
Scored on: November 11, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token1 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

Maple
Lending · Ethereum, Off Chain
type buyback · source label
“Token Buy Back: Share of revenue used for SYRUP token buybacks: 20% from Jan 2025, 25% from Jul 2025 (MIP-019), and from Jul 2026 10%/20%/30% of monthly revenue under $1.5M, $1.5M-$2M and above $2M (MIP-021).”
Share of revenue used to buy back SYRUP tokens: 20% from Jan 2025 (MIP-013/016), 25% from Jul 2025 (MIP-019), and from Jul 2026 10%, 20% or 30% of each month's revenue for months under $1.5M, $1.5M-$2M or above $2M (MIP-021).
Token Buy Back
Share of revenue used for SYRUP token buybacks: 20% from Jan 2025, 25% from Jul 2025 (MIP-019), and from Jul 2026 10%/20%/30% of monthly revenue under $1.5M, $1.5M-$2M and above $2M (MIP-021).
adapter on GitHub ↗