MIP-017: Final MPL Conversion Window and Strategic Use of Unconverted Tokens

With the SYRUP token migration largely complete, Maple is now preparing for the next phase of strategic growth and market development. As part of this process, a small supply of unconverted MPL tokens remains in the SYRUP converter contract.

To ensure all MPL holders have a final opportunity to participate in the migration, Maple will reopen the conversion process for a final 48-hour window:

Opens: 10:00 AM ET, Monday 19 May 2025

Closes: 10:00 AM ET, Wednesday 21 May 2025

This final opportunity is being offered to accommodate any holders who were unable to convert prior to the April 30 deadline. After this window closes, the conversion process will be permanently disabled. Following discussion, voting will open on Wednesday 14 May.

Official Portal URL: Syrup Finance

Official Support Email: contact@maple.finance

Conversion Guide: Conversion Guide | Syrup

Establishing the Syrup Strategic Fund (SSF) Following the closure of the final conversion window, all remaining MPL tokens in the converter contract will be considered unclaimed. Maple will mint an equivalent amount of SYRUP to a dedicated multi-signature wallet—the Syrup Strategic Fund (SSF).

This segregated wallet will be exclusively used to support Maple’s long-term token and ecosystem strategy, as outlined below.

SSF Allocation Plan 100% of unconverted MPL → SYRUP tokens will be allocated under the SSF across two distinct priorities:

Governance and Execution Conversion First: All eligible MPL holders will have one final 48-hour window to migrate before any SSF allocation begins.

Segregated Wallet: All minted tokens will be transferred to a designated multi-signature wallet. These funds will not be co-mingled with the Maple treasury or used for any other purposes.

Strict Mandate: SSF tokens will be used only for the liquidity and growth initiatives described above.

Market Maker RFP: Maple will launch a formal Request for Proposal (RFP) process to engage leading market makers as preferred partners for executing the liquidity strategy.

Transparency: Maple will maintain public reporting on SSF wallet activity, allocation decisions, and usage impact.

Why It Matters The Syrup Strategic Fund is a critical lever for strengthening the SYRUP token’s liquidity profile and continuing to scale Maple’s market presence. A more liquid, efficient token market benefits all stakeholders—investors, borrowers, and users—and supports the credibility and reach of Maple as the leading on-chain asset manager.

Through disciplined execution of the SSF, we will align long-term token incentives, fuel ecosystem adoption, and ensure Maple continues setting the standard for institutional-grade DeFi.