Maple Finance Phases Out Drips Rewards

Transition to Partner Incentives via Merkl

Maple Finance, the on-chain platform bridging institutional credit markets with DeFi through products like syrupUSDC and syrupUSDT, has officially ended its popular Drips rewards program. This marks a shift in how users earn incentives within the ecosystem.

Introduced alongside the SYRUP token, Drips was an innovative points-based rewards system designed to bootstrap early adoption. Users earned Drips by depositing into syrupUSDC/syrupUSDT pools and through boosts for actions like long-term commitments or integrations with partners. These Drips converted to SYRUP tokens at the end of quarterly "Seasons," providing additional yield on top of the base lending returns. The program successfully drove significant growth, attracting substantial total value locked (TVL) and fostering collaborations across DeFi.

Drips effectively incentivized the early adoption and maturation of syrupUSDC and syrupUSDT. As these yield-bearing assets have gained traction and stability in the market, Maple has moved to a more sustainable model: partner-based rewards distributed via Merkl.
Merkl is a sophisticated incentive engine that allows ecosystem partners to directly reward users for utilizing syrupUSDC and syrupUSDT on their platforms. This approach offers multiple benefits, including access to rewards from a diverse range of DeFi protocols, competitive annual percentage yields (APYs), and transparent on-chain reward distributions. This shift aligns incentives more directly with real ecosystem usage, reducing reliance on protocol-wide points farming while maintaining attractive yields.

Final Claim for Season 12 Drips (Q4 2025)
The Drips program concluded on December 31, 2025. The last accumulation period (Season 12) covered Q4 2025. Users can claim their final accumulated Drips (converted to SYRUP) during this window:
Opens → January 18, 2026, at 12:00 PM UTC
Closes → February 18, 2026, at 3:00 PM UTC

Important: Any unclaimed Drips after February 18, 2026, will be forfeited and returned to the protocol treasury. Don't miss the deadline!

How to Earn Rewards Now
Ongoing rewards are available through ecosystem partners via Merkl. These incentives focus on using syrupUSDC and syrupUSDT across DeFi platforms. Visit the Merkl app to browse opportunities, view APYs, and claim rewards. Benefits include stacked incentives from multiple campaigns and on-chain verification, often without the need for additional staking.

This partner-driven model ensures continued earning potential while promoting deeper integration of Maple's assets throughout DeFi. For the latest updates, check the Maple platform, documentation, or official channels. This transition reflects Maple's evolution towards mature, revenue-aligned incentives in the growing institutional DeFi space.