Conversion Guide
Last updated
Last updated
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 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.
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.
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:
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.
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.
