Staking SYRUP on Maple Finance is your chance to earn passive income while being part of something bigger in DeFi. Maple isn’t just another lending platform. It brings together the safety and structure of institutional lending with the openness of DeFi. After bouncing back stronger from the 2022 market dip, Maple has continued to grow fast.
It’s known for offering overcollateralised loans with full transparency and real-time tracking. What sets it apart? The yields. Maple often beats other DeFi platforms like Aave by 5–10% APY. And the best part—you don’t just watch from the sidelines. By staking SYRUP, you become part of the action.
SYRUP is more than just Maple’s native token—it’s the engine behind it all. When you stake SYRUP, you don’t just earn rewards. You also help guide Maple’s future through governance. Whether you’re using Maple Institutional or Syrup.fi, staking SYRUP gives you access to top-tier yields while supporting the platform’s long-term vision.
How to Stake Maple Finance (SYRUP)?
Staking SYRUP tokens on Maple Finance provides a seamless way to earn passive rewards through its institutional lending protocol. If you already hold MPL tokens, you must first convert them into SYRUP before proceeding with staking. Follow the steps below to start earning with staked SYRUP (stSYRUP).
Step 1: Begin with the MPL to SYRUP Conversion
If you currently hold MPL tokens, you must convert them into SYRUP tokens to stake them. The conversion follows a fixed ratio of 1 MPL to 100 SYRUP. Visit the official conversion page at syrup.fi/convert to begin. The page will walk you through the process, ensuring you complete each step without confusion. Make sure you have sufficient MPL in your connected wallet before initiating the swap.
Step 2: Connect Your Wallet to the Webapp
Once on the conversion page, connect a supported self-custody wallet. Maple Finance recommends wallets like MetaMask that are compatible with the Syrup interface. Ensure your browser is updated so the web app functions correctly. This connection is essential because both conversion and staking actions require access to your wallet to sign and approve transactions.
Step 3: Choose the “Claim & Stake” Option
After connecting your wallet, proceed through the on-screen instructions. You will get an option to “Claim & Stake” your SYRUP tokens. Select this option to immediately convert your MPL and stake the SYRUP tokens in one step. This process simplifies staking by eliminating the need for manual transfers. Your wallet will then display stSYRUP, which represents your staked holdings.
Step 4: Access the Staking Dashboard
After staking, you can monitor your rewards through the staking dashboard available on the same web app. The dashboard shows your current holdings and how much yield you’ve earned. Rewards come from Maple Finance’s institutional lending operations and are automatically added to your stSYRUP’s value. The longer you stake, the greater your potential returns.
Step 5: Unstake Whenever You Want
One of the most user-friendly features of staking SYRUP is its flexibility. There are no lock-in periods or withdrawal restrictions. You can unstake your tokens at any time and keep all rewards accumulated. This flexibility makes it easier to adjust your strategy as needed while continuing to benefit from yield generation.
By following these steps, you can seamlessly participate in the Maple Finance ecosystem by staking SYRUP. This not only earns you yield but also gives you a stake in the governance and growth of the ecosystem.
Also Read: Where to buy Maple Finance
Popular video guides on Staking Maple Finance (SYRUP)
Best Places to Stake Maple Finance (SYRUP)
Coinbase stands as one of the most prominent cryptocurrency exchanges globally, offering a comprehensive platform for buying, selling, and managing digital assets. Beyond trading, Coinbase provides staking services, enabling users to earn rewards by participating in the proof-of-stake mechanisms of various blockchains. By staking supported cryptocurrencies, users contribute to network security and consensus while receiving periodic rewards. Additionally, Coinbase facilitates the trading and holding of Maple Finance's SYRUP token, allowing users to engage with the Maple ecosystem directly from their Coinbase accounts.
Pros:
- User-friendly interface suitable for beginners and experienced users alike.
- Supports staking for multiple cryptocurrencies, including Ethereum, Solana, and Cardano.
- Offers clear information on staking rewards and processes.
- Provides secure custody solutions for staked assets.
- Facilitates trading and holding of Maple Finance’s SYRUP token.
Cons:
- Staking rewards may be lower compared to decentralised platforms due to service fees.
- Limited selection of cryptocurrencies available for staking.
- Regulatory restrictions in certain jurisdictions may affect staking services.
- Users do not have control over validator selection when staking through Coinbase.
BitMart is a centralised cryptocurrency exchange established in 2017 and registered in the Cayman Islands. It offers a comprehensive suite of trading services, including spot, margin, and futures markets, alongside an NFT marketplace and a launchpad. BitMart supports over 1,400 cryptocurrencies and provides high liquidity across a broad range of trading pairs. Its staking platform allows users to earn rewards by locking up their tokens, including the SYRUP token. BitMart's user-friendly interface and diverse financial products make it a viable choice for both novice and experienced traders.
Pros:
- Supports staking for a wide range of cryptocurrencies, including Maple Finance’s SYRUP token.
- Offers both flexible and fixed staking options to cater to different user preferences.
- Provides competitive Annual Percentage Yields (APYs) on staking products.
- Ensures user-friendly staking processes without the need for technical expertise.
- Implements robust security measures, including hybrid hot/cold wallet systems and multi-signature technologies.
Cons:
- Fixed staking products do not support early redemption, limiting liquidity.
- Some staking options have minimum lock-up periods, which may not suit all users.
- Customer support response times can vary, potentially affecting user experience.
Kraken stands as a prominent cryptocurrency exchange, offering a comprehensive suite of services including spot trading, futures, and margin trading. It provides users with the ability to stake various cryptocurrencies, thereby earning rewards while supporting blockchain networks. Kraken's staking platform encompasses both on-chain staking and opt-in yield products, catering to a diverse range of investor preferences. Notably, Kraken facilitated the migration of Maple Finance's MPL token to the new SYRUP token, allowing users to seamlessly convert their holdings at a fixed rate of 1 MPL to 100 SYRUP.
Pros:
- Offers a wide array of staking options, including on-chain and opt-in yield products.
- Provides competitive annual percentage yields (APYs) across various cryptocurrencies.
- Facilitated the MPL to SYRUP token migration, ensuring user holdings remained intact.
- User-friendly interface suitable for both beginners and experienced traders.
- Implements robust security measures to protect user assets.
Cons:
- Certain staking options involve bonding periods, restricting immediate access to funds.
- Staking availability may vary based on regional regulations.
- Opt-in yield products may carry additional risks compared to traditional staking.
- Fees associated with staking and other services can affect overall returns..
Benefits of Staking Maple Finance (SYRUP)
Staking SYRUP, the native token of Maple Finance, brings more than just attractive yield. It opens the door to governance participation, capital growth, and active involvement in the protocol’s expanding institutional lending ecosystem.
Whether you’re a long-term holder or someone exploring decentralised finance opportunities, staking SYRUP provides a balance of flexibility, financial gain, and community influence. Let’s explore the key benefits that make staking SYRUP worth considering.
Enjoy Capital Growth Through Reduced Circulating Supply
When you stake SYRUP, you temporarily take your tokens out of circulation. This act can help apply upward pressure on the token’s price, particularly when demand for SYRUP remains strong. Moreover, stSYRUP— the token you receive in return for staking— grows in value as rewards accumulate. This setup gives you the chance to benefit from long-term capital appreciation without needing to buy more tokens.
Unlock Voting Rights and Help Shape the Protocol
Staking SYRUP turns your tokens into a tool for decision-making within the Maple Finance ecosystem. Only holders of stSYRUP can vote on important governance matters, such as changes to reward structures, protocol upgrades, and future strategies. This empowers you to actively influence the project’s direction while reinforcing your long-term commitment.
Access a Flexible and Liquid Staking Model
Unlike staking models that lock your funds for months, SYRUP staking offers impressive flexibility. You can unstake anytime, reclaim your initial tokens, and withdraw any earned rewards. This level of control allows you to earn steady yield while staying ready to adjust your strategy whenever needed.
Benefit from Consistent Yield Accumulation
Staking SYRUP involves converting your tokens into stSYRUP, which gradually increases in value. Rewards come from protocol-sourced inflation and Maple Finance’s lending revenue, offering you an estimated annual return around 5%. This blend of yield sources ensures consistent growth in your holdings over time.
Participate in the Broader Maple Ecosystem
Staking SYRUP gives you deeper access to Maple Finance’s growing institutional DeFi landscape. As the platform adds new lending services and expands into other financial products, stakers benefit from the protocol’s broader success. Your staked tokens connect you to Maple’s evolving utility and help you take part in its long-term vision.
Frequently Asked Questions
Is There a Lock-Up Period for Staked SYRUP Tokens?
No, there is no lock-up period for staked SYRUP tokens. You can unstake your tokens at any time, providing flexibility and control over your assets. This feature allows you to respond swiftly to market changes or personal investment decisions without being tied down by staking commitments.
How Are Staking Rewards Distributed to SYRUP Holders?
Staking rewards are distributed through a combination of protocol revenue sharing and token inflation. As a staker, you receive a portion of the fees generated by the platform’s lending activities, as well as newly minted SYRUP tokens. These rewards are automatically added to your staked balance, compounding your earnings over time.
Can I Participate in Governance by Staking SYRUP?
Yes, staking SYRUP tokens grants you governance rights within the Maple Finance ecosystem. As a staker, you can propose and vote on changes to the protocol, including fee structures, new features, and strategic directions. This democratic approach ensures that the platform evolves according to community needs.
What Is the Conversion Rate from MPL to SYRUP?
The conversion rate from MPL to SYRUP is 1 MPL to 100 SYRUP. This conversion was part of Maple Finance’s transition to the SYRUP token, aiming to enhance community participation and reward mechanisms. Please note that the conversion program concluded on April 30, 2025, and MPL tokens are no longer supported for conversion.
What Is stSYRUP, and How Does It Function?
stSYRUP is the token representation of your staked SYRUP within the Maple Finance ecosystem. When you stake SYRUP, you receive an equivalent amount of stSYRUP, which accrues rewards over time. This token can be used to track your staking position and participate in governance decisions.
