Syrup (SYRUP) is an ERC-20 token introduced by Maple Finance to replace MPL as the protocol’s core asset. It underpins governance, revenue distribution and pool management across the Maple ecosystem. SYRUP uses a proxy-based architecture for controlled upgrades and interacts with authorised modules responsible for functions such as recapitalisation and emergency response. It features scheduled issuance through defined windows, time-locked administrative actions, and permissioned minting logic. Governance remains off-chain but enforces changes on-chain through pre-approved actors. SYRUP plays a central role in enabling Maple’s shift to a more modular, transparent and composable protocol design.