We investigate multi-wave mixing associated with the strongly pump depleted regime of induced modulation instability (MI) in optical fibers. For a complete transfer of pump power into the sideband modes, we theoretically and experimentally demonstrat
e that it is necessary to use a much lower seeding modulation frequency than the peak MI gain value. Our analysis shows that a record 95 % of the input pump power is frequency converted into the comb of sidebands, in good quantitative agreement with analytical predictions based on the simplest exact breather solution of the nonlinear Schrodinger equation.
