Mantle launches liquid staking protocol on Ethereum mainnet.

Mantle has launched a non-custodial liquid staking protocol on the Ethereum mainnet.

The protocol will allow users to deposit ETH and participate in network staking through validator nodes. Users receive mETH, a liquid staking derivative, as a token representing their stake.

The protocol is governed by the Mantle decentralized autonomous organization and seeks to diversify available liquid staking solutions in order to address the concentration of ether holdings with large providers.

Following the approval of the MIP-25 governance proposal in August, Mantle DAO decided to stake ether from its treasury using its own protocol, complementing the $80 million in ETH that is already staked with Lido Finance.