MPL Conversion

Background

MIP-010 was voted into place by the community in September 2024.

Maple is coordinating the transition of MPL to SYRUP in a few ways.

MPL and xMPL holders can convert their tokens easily via a conversion page which will be made available at syrup.fi/convert. This will be the only destination for conversion.

Maple is making arrangements with major exchanges so that MPL tokens on the exchange will automatically be converted into SYRUP, with no action required from holders.

Conversion will be possible for 3 years, but encouraged as soon as possible so holders can access the value and utility of SYRUP.

FAQ

What are the SYRUP token addresses?

The addresses for SYRUP and Staked SYRUP are below:

SYRUP: 0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66

stSYRUP: 0xc7E8b36E0766D9B04c93De68A9D47dD11f260B45

Why should I convert my MPL tokens?

Converting your MPL to SYRUP allows you to earn staking rewards and vote in Maple and Syrup ecosystem governance. MPL will be delisted on exchanges and replaced with SYRUP trading pairs.

What if my MPL is on an exchange?

Maple is in liaison with centralized exchanges to ensure smooth transition to SYRUP and will advise on the specific processes for different venues closer to the time. The aim is that MPL tokens on exchanges will automatically be converted into SYRUP requiring no action from holders.

What if I hold MPL and xMPL?

You will be able to migrate both your MPL and xMPL to SYRUP via the Convert page. You will be asked to convert your MPL first, and then can convert your xMPL afterward in a separate transaction.