MIP-009, which passed in August 2023, authorized a 23% increase to the MPL supply by 2025 to be utilized for growth incentives. Early USDC depositors into Syrup will be rewarded with Drips, its version of points, with boosted allocations for increased lock durations. MPL is expected to be converted 1:1 to SYRUP in Q4 2024, and Drips accrued by users will be redeemable for the new token in unknown quantities at this point.
