As a long-term holder, I did not have the opportunity to convert my xMPL into SYRUP during the migration window. Like many others, I am not active on social media, and it is difficult to accept that a significant portion of token holders could effectively lose their assets simply because they were unaware of a deadline that was neither legally nor practically necessary to impose.
From a governance and legal standpoint, this raises material concerns. Preventing holders from accessing their tokens is, in effect, a deprivation of property rights. While some investors may never claim their tokens, for those who do — and whose voices are now appearing on this forum, which remains the only official channel of communication — it would be appropriate to ensure that the unclaimed SYRUP tokens held in the strategic fund are made available to the rightful MPL/xMPL holders.
Relying on a DAO vote does not alter the underlying legal and ethical obligations. The fact that a majority decides does not in itself legitimize an outcome that could be construed as unjust enrichment or misappropriation. If this protocol is to succeed, its credibility must rest on respecting property rights and fair treatment of all holders.
The intention here is not to be confrontational, but to highlight a genuine risk. If the protocol grows in value, the losses suffered by disenfranchised holders may well justify legal recourse. Conversely, if the protocol fails, then all parties lose regardless. It would therefore be prudent to address this issue now, by implementing a fair mechanism to allow late conversions, rather than leaving such an exposure unmitigated.
Respecting these principles is not only the ethical path, but also the legally sound one, and ultimately in the best interest of the long-term sustainability of the Maple ecosystem.
Thanks,