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Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Planned migration of Maple (MPL) to Syrup (SYRUP)

Last updated: 31 сакавіка 2025 г.

In August 2024, Maple Finance announced their intention to replace the existing Maple (MPL) token with a new token, called SYRUP, this November and to allow all existing MPL holders to convert to SYRUP at a fixed rate of 1 MPL : 100 SYRUP.

We supported this migration on behalf of Kraken clients by delisting MPL, converting all MPL on our platform to SYRUP, and then distributing that SYRUP back to eligible users at the same rate of 1 : 100.

The SYRUP redemption rate and the contract to redeem SYRUP are both independently provided by Maple Finance.

What's changing?

At 14:00 PM UTC on November 6, 2024 we delisted all MPL markets (MPL/USD, MPL/EUR) on Kraken, and deposits and withdrawals for MPL were closed. Please note that any deposits of MPL made after this date will be lost.

Any clients holding MPL at the time of the delisting were automatically included in the redemption process, no further action by you was required.

What's next?

One week later, on November 13, 2024, SYRUP launched publicly. Once SYRUP launched, we distributed SYRUP to eligible users who held MPL at the time of delisting on November 6, 2024, at the fixed redemption rate of 1 MPL : 100 SYRUP. Upon completion, the commensurate amount of SYRUP was deposited directly into your Kraken account.

Having trouble finding an asset?

The asset you're looking for might have migrated. Check out our Migrations section for the latest updates.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.

Planned migration of Maple (MPL) to Syrup (SYRUP)

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