About mETH Protocol

The mETH Protocol, launched on the Ethereum Layer 1 network and governed by Mantle, offers users a unique opportunity to engage with $mETH, a receipt token designed to accumulate value. This token is highly compatible with various decentralized finance (DeFi) applications on the Mantle Network Layer 2, allowing users to stake their ETH and receive yield-bearing $mETH in return. Users can easily unstake their $mETH to retrieve their original ETH along with any accrued rewards, thereby facilitating a seamless interaction between staking and yield generation. Since its launch, the mETH Protocol has aimed to provide an accessible and rewarding experience for its users. As $mETH gains traction within the Mantle ecosystem, it enables trading on decentralized exchanges, liquidity provision in $mETH pools, and participation in decentralized money markets. The protocol has recently introduced $cmETH, a liquid restaking token that enhances restaking capabilities, alongside the forthcoming governance token $COOK. These developments are expected to further improve capital efficiency and yield opportunities while maintaining a focus on security through non-custodial smart contracts and robust risk management practices.