MPL to SYRUP Conversion

MPL to SYRUP Conversion Program: Now Concluded

Background

In 2023, the Maple Community approved MIP-009, introducing the SYRUP token as the next evolution of governance and utility within the Maple ecosystem. SYRUP follows the inflation schedule and governance rules set in the proposal, with the total supply expected to reach 1,228,740,800 by 2026.

Following that, the community passed MIP-010 in September 2024, enabling a one-time conversion of 1 MPL to 100 SYRUP tokens. This transition unified the ecosystem under a single token and enhanced SYRUP’s utility, including staking and governance rights. The conversion was designed to avoid dilution for MPL holders.

Conversion Program Concluded on April 30, 2025

The MPL to SYRUP conversion program officially ended on April 30, 2025 as established by MIP-011.

• Converting MPL or xMPL to SYRUP is discontinued.

• SYRUP and stSYRUP are now the only governance tokens in the Maple ecosystem.

• MPL and xMPL no longer carry governance rights, staking benefits, or utility within the protocol.

What This Means for Holders

If you still hold MPL or xMPL tokens, please be aware that they are no longer supported for conversion or participation in the Maple protocol. All value and utility have transitioned exclusively to SYRUP.

For continued participation in the Maple ecosystem, refer to these official sources:

• maple.finance

• syrup.fi

• CoinMarketCap

• CoinGecko