# Conversion Guide

### **Conversion Process for Self-Custody**

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**In order to participate in the conversion, users have several options.** To convert MPL to SYRUP from a self-custody wallet, users can visit [syrup.fi/convert](http://syrup.fi/convert) to initiate the process.

The steps are simple:

* Navigate to the official Syrup webapp using a supported web browser
* Connect a self-custody wallet and follow the conversion workflow to select “Claim & Stake”
  * SYRUP that is staked will be represented as stSYRUP in a user’s wallet, with the value of accrued SYRUP viewable in the staking dashboard
  * SYRUP that is not staked will reflect in a user’s wallet balance
* The conversion ratio is 1 MPL to 100 SYRUP

While staking is the default option, it is not mandatory.&#x20;

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Below is a list of supported wallets for interacting with the Syrup webapp in order to stake:

* Coinbase Wallet
* MetaMask
* WalletConnect
* Ledger
* Exodus
* Phantom
* Browser Wallet
* OKX Wallet
* Binance Web3 Wallet

Users should always be mindful to keep a sufficient balance of ETH in their wallets to cover any associated gas fees. Users should also always double-check transaction details before confirming, and ensure they’re interacting with the official Syrup webapp to avoid potential scams.

### **Conversion Process on Exchanges**

Users converting their MPL to SYRUP on an exchange must comply with each exchange’s unique processes.

While some exchanges will enable automatic conversion of MPL to SYRUP, others will require a user to transfer their MPL balance into a self-custody wallet in order to participate in the conversion. Details per exchange are included in the links below:

* [Coinbase](https://syrup.gitbook.io/syrup/syrup-token/supported-exchanges/coinbase)
* [Kraken](https://syrup.gitbook.io/syrup/syrup-token/conversion-guide/supported-exchanges/kraken)
* [Gate](https://syrup.gitbook.io/syrup/syrup-token/conversion-guide/supported-exchanges/gate)
* [AscendEX](https://syrup.gitbook.io/syrup/syrup-token/conversion-guide/supported-exchanges/ascendx)
* [Bitstamp](https://syrup.gitbook.io/syrup/syrup-token/conversion-guide/supported-exchanges/bitstamp)
* [Bitmart](https://syrup.gitbook.io/syrup/syrup-token/conversion-guide/supported-exchanges/bitmart)

It's important for users to carefully read all communications from their exchange regarding the MPL to SYRUP conversion to ensure they don't miss important steps or deadlines.&#x20;

Avoid scams and phishing by only engaging with official exchange communications. Engage with each exchange’s customer support with inquiries when needed.

Links will be updated as exchange announcements are made.