MPL to SYRUP Conversion
Last updated
Last updated
In 2023, the Maple Community approved MIP-009, and the SYRUP token will adhere to all of the governance and tokenomics that was agreed in that proposal. When factoring in the conversion and the agreed token inflation schedule and issuance, the total supply of SYRUP tokens will be 1,228,740,800 in 2026. All issuance from the initial schedule will also be minted as SYRUP tokens. Details on the token inflation schedule and issuance can be found in.
Details on the conversion can be found in, which was voted into place by the community in September 2024. Following the approval of , existing MPL holders were able to convert 1 MPL into 100 SYRUP tokens. This process unified the broader Maple ecosystem, aligned long-term interests, and increase token utility - including SYRUP staking. There was no dilution for pre-existing MPL token holders.
Maple coordinated the transition of MPL to SYRUP the following way:
MPL and xMPL holders could convert their tokens easily via a dedicated conversion page.
Conversion were possible until the 30th of April 2025 (following ), but were encouraged to be completed as soon as possible so holders could access the value and utility of SYRUP. After the 30th of April, SYRUP and stSYRUP are the sole tokens within the Maple ecosystem that accrue all of the value and it is impossible for MPL or xMPL holders to convert over.
Users should also always double-check transaction details before confirming, and ensure they’re interacting with the official Syrup webapp to avoid potential scams. For more information, explore official Maple resources and trusted third-party data dashboards.