Request to Reopen MPL → SYRUP Conversion for Missed Long-Term Holders

Proposal Forum
47

The decision to limit Maple-to-SYRUP token conversions to a six-month window — and to permanently close that window — was not in the best interest of the broader community, particularly passive investors and long-time supporters of the protocol.

Many of these investors were not actively involved in Discord debates or governance proposals. They participated in good faith, trusting the project’s long-term vision, but were effectively cut out of the next phase of the ecosystem. This undermines the very principles of decentralization, which should prioritize inclusion, fairness, and accessibility over short-term procedural rigidity.

While it’s true that deadlines serve operational clarity, the consequences of the closure were disproportionately harsh, especially considering that:

  • No malicious intent can reasonably be attributed to those who missed the window — it was largely due to lack of communication or clarity, not negligence.

  • Projects evolve, and rigidity in governance shouldn’t come at the cost of community goodwill.

  • Reopening the window (with limitations) would not undo governance credibility — it would reinforce Maple’s commitment to its broader community by acknowledging an oversight and correcting course in a measured way.

A limited-time re-opening — perhaps one final 30-day window with clear notice — would allow disengaged but loyal investors to realign with the project, without affecting tokenomics in any significant way.

The alternative — letting those tokens die unconverted — sends a hostile message: that governance was used as a gatekeeping tool, not a mechanism of shared value.

In a space where trust is a scarce asset, the cost of appearing inflexible far outweighs the operational friction of re-opening the window. Future investors and institutions will judge Maple not by whether it followed every process rigidly, but whether it treated its participants fairly and transparently.

Let’s take this opportunity to signal that Maple is serious not just about building smart contracts — but about building community.

8 Likes
49

when i read the white paper I had a 10 year investment vision, not a 6 months.

7 Likes
51

Hi Swing,

Although, in my opinion we didn’t do anything wrong. Even giving those who missed the conversion window a slightly less attractive conversion rate to “punnish” those who were late would be much more fair then just nullify the investments of early investors.

It will be necessary however to ban those who got the tokens after the closing date of the first conversion window just to block people who scammed other people out of their tokens. I’m not active on Telegram, but maple is. So when I initially found out I missed the conversion window I learned Maple communicated on telegram and X. I tried to find a solution over there and two channels tried to scam me to drain my wallet. I’m sure some Maple investors who were late got their complete wallet drained.. So I’m probably a lot of honest folks lost their maple to scammers. giving them the opportunity to convert wouldn’t be ok..

1 Like
52

Hi JFCS,

I see some of your posts got flagged. It are probably your emotions taking the upper hand. I also had a post flagged by the community. Try to post solutions and start up a conversation to make not only this community a better place, but in the mean time improve the Maple Finance protocol.

53

And same did I.. Although my tokens were on Metamask. I made my last crypto investment two to three years ago and didn’t use my Metamask anymore. I don’t even know if Metamask would send this kind of messages. I found out (a couple of weeks to late) because I had to use Coingecko after years of innactivity..

2 Likes
54

Hi admins,
Is there really no way to convert our MAPLE into SYRUP?
I get that there was a deadline, but I’m not a scammer — you can check the blockchain if needed.
I’ve been investing in crypto for 3 years now, I’m currently in the red, and being able to make this conversion would seriously help me out.
I’m not asking for special treatment, just a bit of fairness for the early investors.

Thanks in advance

10 Likes
55

Since June, this proposal has been on the agenda without any response from the authorities. Given the number of solutions proposed in the discussion, I don’t think it should be too difficult to reach a compromise. But are they actually interested in it, or do they consider it proper to keep silent and ignore it — as if by not acknowledging the issue, it doesn’t exist?

7 Likes
57

im with you, who is in charge of deciding???

5 Likes
58

I have 105 MPL long term holder. Moved interstate and had family visiting from overseas due to some bad news and missed this window just because of circumstance and now I lost it all.

6 Likes
59

I have 215 MPL and I could not convert. I kindly request the community to reopen one last time.. do the

5 Likes
60

I do also have some unmigrated MPL since quite long ago. Unfortunately I just today got to know that there was a migration period which I missed.

I kindly request to reopen the MPL to Syrup Conversion !!

5 Likes
61

Dear Maple Finance Community and Governance Participants,

I am writing to this forum today following a recent interaction with the Maple Finance support team (specifically, Gleb), regarding the MPL to SYRUP token migration. I was informed that both the original and extended conversion windows have now closed, and that any further reopening would require a formal governance proposal and approval by token holders. It is with this understanding that I bring my situation, and potentially that of others, to your attention.

First, I want to acknowledge and respect the process. I understand that the migration windows were communicated broadly and remained open for a combined six months. I also appreciate that the core team cannot unilaterally reopen the conversion, as this is a matter for community governance. The project needs finality and stability, and I fully support that.

However, I am a long-term holder of MPL tokens, and due to an unfortunate oversight on my part, I completely missed both the initial and extended deadlines. My MPL tokens represent a significant investment and a belief in the Maple Finance ecosystem, and seeing them now without utility is, frankly, devastating.

I recognize that the community has already voted on extensions, and there might be a sentiment that those who missed it had ample opportunity. My appeal is not to disrupt the SYRUP token’s stability or to undermine the migration process. Instead, I humbly ask for the community’s consideration for a very limited, final, and strictly controlled window for long-term MPL holders who genuinely missed the previous opportunities.

My proposal for discussion, if the community is open to it, would involve:

Extremely Short Window: A new conversion window, perhaps only 24-48 hours, announced with maximum visibility across all Maple channels.
Strict Eligibility: Limited strictly to original MPL holders (not newly acquired tokens post-migration announcement) who can prove their long-term holding status.
Potential for a Small Fee/Penalty: To acknowledge the administrative burden and the principle of late action, perhaps a small conversion fee or a slightly less favorable conversion rate could be applied.
No Further Extensions: This would be explicitly stated as the absolute final opportunity, with no exceptions thereafter.
The rationale for this reconsideration is to foster goodwill within a small segment of the loyal community who, despite best intentions, fell through the cracks. It would demonstrate the power of decentralized governance to address edge cases with compassion, while still maintaining the integrity and finality of the migration.

I am prepared to provide any necessary proof of my holdings and am open to any conditions the community deems fair. I believe a solution, however small, could reinforce the community-centric values of the Maple Finance ecosystem.

I invite open discussion on this matter and welcome all perspectives. Thank you for your time and consideration.

Sincerely,

SM

4 Likes
62

where are the SYRUP tokens coming from? The migration contract is empty; without a treasury allocation or new mint, this can’t happen, this proposal is going nowhere.

3 Likes
63

As a holder with the same concern here, we need answers on this proposal please.

1 Like