# MPL to SYRUP Conversion ### MPL to SYRUP Migration Overview In 2023, the Maple Community approved MIP-009, introducing the SYRUP token as the next evolution of governance and utility within the Maple ecosystem. SYRUP follows a defined inflation schedule and governance framework, with total supply projected to reach 1,267,875,000 by September 2026. MIP-010 established a one-time conversion rate of 1 MPL to 100 SYRUP tokens, allowing MPL and xMPL holders to migrate to SYRUP without dilution. This initial program concluded on April 30, 2025, as specified in MIP-011. To ensure all holders had a final opportunity to convert, MIP-017 authorized a 48-hour extension from **Monday, 19 May 2025 at 14:00 UTC to Wednesday, 21 May 2025 at 14:00 UTC**. After this window, the conversion mechanism is permanently disabled. Following the closure, all unconverted MPL remaining in the converter contract was deemed unclaimed. An equivalent amount of SYRUP was minted to a segregated wallet—the Syrup Strategic Fund (SSF)—to support long-term protocol and ecosystem initiatives. SYRUP and stSYRUP are now the sole governance tokens in the Maple ecosystem. MPL and xMPL no longer carry governance rights, staking benefits, or utility within the protocol. #### What This Means for Holders If you still hold MPL or xMPL, please note that they are no longer supported for conversion or participation in the Maple protocol. All value and utility have fully transitioned to SYRUP. For future engagement, holders must interact through SYRUP or stSYRUP. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.maple.finance/maple-for-token-holders/mpl-token/mpl-token-migration.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.