Request for Fair Consideration: Reopen MPL to SYRUP Conversion for Long-Term Holders

[gaspross]

Dear Maple Governance Community,

I’m writing this message with sincerity and hope — not just for myself, but for every long-term MPL holder who was inadvertently left behind by the SYRUP migration process.

I was an early believer in Maple Finance and purchased 247 MPL tokens in 2022, investing around $5,000 of my personal savings. Due to personal life challenges, I stepped away from the markets for a period, and as a result, I missed both the original and extended conversion windows.

Today, I’ve returned to find that my tokens — which could have been converted into 24,700 SYRUP, currently worth over $10,000, are now essentially worthless (around $200) and completely excluded from the ecosystem.

I understand that deadlines are necessary. But I ask this:

Was it ethical to reallocate 8% of the supply — potentially worth $35 million — to the Strategic Syrup Fund (SSF), removing all access from retail investors who missed a short window?
• At 1 MPL = 100 SYRUP, with ~800,000 MPL left unconverted, that’s 80 million SYRUP.
• At ~$0.43/SYRUP, this represents over $34 million in value now controlled by the project.

I ask: Is this a redistribution of inactive capital? Or is it appropriation?

Many reputable DeFi projects have handled token migrations without arbitrary cutoffs or token seizures. In many cases, tokens were allowed to be converted at any time, or left untouched if unclaimed.

The current outcome feels harsh and disproportionate. Life gets in the way. People don’t sit by their ledgers every day. Some of us had cold storage for years, with plans. What if someone bought 1,000 MPL in 2023 and stored it in a vault for their children’s future, or a business project, or education fund — and came back in 2026? That entire investment would be gone. How is that acceptable?

I’m not asking for favoritism or shortcuts. I’m asking for fairness and compassion in a decentralized ecosystem that should be built for people — not against them.

I respectfully propose:

A re-opening of the MPL to SYRUP swap — even if only for a limited time and through governance vote.
OR a partial airdrop/claim option from the SSF for those who can prove legitimate early investment and holding history.

I am not a trader trying to extract last-minute profit. I’m a committed investor and supporter who made a mistake, and who’s simply asking for a second chance to access what I once rightfully held.

Thank you for reading,
— A hopeful early MPL investor

[Abington.price]

This entire thread is based on a false premise: that SYRUP still exists in the conversion contract. It does not.

Governance voted, executed, and drained the conversion pool. That was the point. Reopening would require minting new SYRUP — which was never approved, and doing so now would amount to a retroactive dilution of all active holders.

Let’s be clear:
This isn’t about fairness — it’s about rewriting executed governance.
No reputable DeFi protocol mints post-facto tokens to cover user negligence.
The SSF allocation was passed through governance. It was public, clear, and final.

Calling this “appropriation” is manipulative.
You didn’t lose your tokens. You failed to act during multiple windows, including an extension.
Passive investing isn’t punished — but it’s also not protected from finalized supply shifts.

If your tokens are now worthless, that’s a consequence of opting out of active participation.

Governance is not a refund desk.

[gaspross]

Thank you for your input — but I respectfully disagree with both the tone and the logic of your reply.

You say that this isn’t about fairness — but that’s exactly what it’s about.

Let’s be honest: long-term holders like myself did not “fail to act” — we simply weren’t aware of a short, one-time conversion event with irreversible consequences, buried under a DAO vote and a couple of Medium posts. That’s not negligence — it’s poor UX and community communication.

I didn’t “opt out” of participation. I was an early backer, held through two brutal bear markets, and never sold. And now I wake up to find that my 247 MPL — once worth thousands — is now valued at ~$200, because a time-limited governance vote swept unconverted tokens into a treasury-controlled fund.

You say governance isn’t a refund desk. But it is a place for proposals, correction, and collective judgment. That’s why we’re here — not to reverse the past, but to ask whether we, as a protocol, can do better.

The idea that “no reputable DeFi project does this” is flatly false. Many allow indefinite migrations or community-approved grace windows. And minting tokens, if passed via governance, is entirely legitimate. We’re not asking for a stealth mint. We’re asking for a community decision, transparently made.

If governance is about nothing more than “you should’ve read Medium more carefully,” then we’re doing DeFi wrong.

It’s easy to say “rules are rules” when you’re on the winning side. But let’s not pretend this rigidness is about principle — it’s about retaining the $35M that was transferred to the SSF. And yes, some of us will continue to call that what it feels like: a disproportionate and aggressive reallocation of value.

The most valuable investors in this space aren’t the ones who click fastest. They’re the ones who believe early, hold through the dark, and support innovation over years. If there’s no room for them here, then maybe this governance process does need rethinking

[jfcs]

so you wanna us to lose out money like we get money from the air. its our hard working earned money. we had it in a wallet which never had a notification about this migration. we are not traders we are investor that have a long time view of a project. We cant lose money this way. if you dont have a solution dont talk about it.