Maple Finance (SYRUP)
Unlock Schedule
Maple Finance (SYRUP) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Maple Finance (SYRUP) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence SYRUP price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
From MPL to SYRUP
In 2023–2025, Maple’s community approved a token evolution from MPL to SYRUP. The migration ratio was 1 MPL to 100 SYRUP, designed to be non‑dilutive. The official conversion program closed on April 30, 2025, with a brief final window in May 2025. After closure, MPL and xMPL no longer held any rights; all governance and utility shifted to SYRUP and stSYRUP. (docs.maple.finance)
Maple Finance Tokenomics at a Glance
- Initial SYRUP issuance for the migration was about 1.15 billion tokens, reflecting the 100:1 unit change plus previously scheduled treasury recapitalization and early inflation.
- The community’s schedule anticipates total supply reaching about 1,228,740,800 by 2026, following the agreed three‑year framework.
- Emissions and treasury plans were set by Maple improvement proposals to fund growth and align long‑term incentives. (docs.maple.finance)
Staking, Buybacks, and Governance
SYRUP holders can stake to receive stSYRUP. Stakers earn distributions that come from two pipes: a portion of token emissions, and SYRUP purchased in the market using protocol fee revenue. Staking also grants the right to vote on Snapshot, where stSYRUP holders approve parameters like future distributions, buyback allocations, and product upgrades. This is how tokenholders guide Maple’s roadmap and value flow. (docs.maple.finance)
Assumptions
- Total supply modeled to 1,228,740,800 tokens by 2026-09 per Maple docs.
Docs state expected supply by September 2026; further emissions require governance.
- MPL/xMPL conversion supply treated as a single cliff at SYRUP launch.
Per MIP-010, ~1.15B SYRUP was minted to the migrator; exact month-by-month conversions by holders are not publicly enumerated.
- Remaining 5% p.a. emissions (73,810,800 SYRUP) modeled as linear monthly from 2024-10-01 to 2026-09-30.
Docs specify 54,930,000 accrued to 2024-10-01 and target 1,228,740,800 by 2026-09; linear interpolation used for monthly granularity.
- Syrup Strategic Fund (SSF) post-conversion handling does not increase modeled total supply beyond the documented schedule.
Docs indicate unconverted MPL became unclaimed and SYRUP allocated to SSF; on-chain total supply on 2025-10-14 (~1.2003B) tracks the planned path toward 1.2287B, suggesting no net mint beyond the inflation schedule. If Maple publishes exact SSF amounts and any burns/reallocations, schedules should be updated.
- Initial 90-day staking distribution (5,000,000 SYRUP) is treated as distribution from already-minted tokens, not additional mint.
FAQ states 5,000,000 SYRUP were distributed during the 90-day launch period; no separate mint beyond the recapitalization schedule is specified.
- 1. https://docs.maple.finance/maple-for-token-holders/syrup-tokenomics
- 2. https://community.maple.finance/t/mip-010-syrup-token-launch-and-mpl-syrup-conversion/334
- 3. https://maple.finance/insights/syrup-token-launch-13-november
- 4. https://docs.maple.finance/maple-for-token-holders/mpl-token-migration
- 5. https://community.maple.finance/t/mip-011-mpl-conversion-to-end-30th-of-april-2025/347
- 6. https://community.maple.finance/t/mip-017-final-mpl-conversion-window-and-strategic-use-of-unconverted-tokens/398
- 7. https://docs.maple.finance/maple-for-token-holders/mpl-token/faqs
- 8. https://etherscan.io/token/0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66