MIP-011: MPL Conversion to End 30th of April 2025

Overview

MIP-011 proposes for the final MPL to SYRUP conversion date to be the 30th of April 2025. The MPL to SYRUP conversion was approved in MIP-010 (MIP-010: SYRUP Token Launch and MPL <> SYRUP Conversion).

Rationale

You the community have been discussing the bifurcation of liquidity between MPL and SYRUP and have indicated a preference to completely move over to SYRUP sooner rather than later. For this reason we propose the MPL to SYRUP migration phase to end by April 30th 2025.

Implementation

Should MIP-011 pass, MPL holders will be able to convert until the 30th of April 2025 on syrup.fi/convert. After this date SYRUP and stSYRUP will be the sole tokens within the Maple ecosystem that accrue all of the value and it will be impossible for MPL or xMPL holders to convert over.

MIP-011 can be voted upon by both SYRUP and stSYRUP holders, with the vote going live on the 23rd of December.