Less than a year after the mainnet launch, mETH Protocol now has a TVL of over $1.5 billion, ranking fourth among all liquidity staking protocols. #ETH

【mETH Protocol Introduction】

mETH Protocol is a decentralized liquidity staking and re-staking protocol under Mantle.

It has quickly risen in the already crowded liquidity staking track and become one of the most influential protocols in the market, thanks to Mantle's strong support in deeply integrating it into its own DeFi ecosystem.

By issuing liquidity derivative tokens $mETH, mETH Protocol allows users to not only earn basic staking income, but also freely participate in other DeFi opportunities.

【mETH Protocol's token ecosystem: mETH / cmETH / COOK】

mETH: As the core liquidity derivative token of the protocol, mETH gives users basic ETH staking income, similar to Lido's stETH. It supports cross-platform integration and is currently widely used in multiple DeFi protocols and centralized exchanges.

cmETH: After achieving impressive results in the liquidity staking track, mETH Protocol launched the liquidity re-staking token cmETH. Users re-stake mETH to obtain cmETH, participate in the additional income of re-staking protocols such as Eigen Layer, Symbiotic, Karak, Zircuit, etc., and expand the source of income. Compared with mETH, cmETH provides higher income opportunities, but it also comes with certain risks, and is suitable for users who pursue higher income.

$COOK: As the governance token of mETH Protocol, $COOK allows holders to vote on important decisions and parameter settings of the protocol, including fees, liquidity management and future upgrades. It was officially launched on October 29 this year.

【Core Advantages】

1️⃣Wide coverage of benefits: $cmETH supports a “one-to-many” re-staking agreement. Users holding a single token can enjoy the benefits of multiple re-staking agreements, solving the problem of liquidity fragmentation and simplifying the user experience.

2️⃣Seamless access to the DeFi ecosystem: $cmETH supports fast, slippage-free inter-chain bridging, enabling seamless integration into DeFi protocols in different ecosystems; and $mETH has been integrated into 38 different protocols in multiple ecosystems.

3️⃣Excellent security: Based on strict security design, mETH Protocol has been running smoothly for a year and has audit reports from Blocksec and Quantstamp, providing users with more reliable protection.

【Summarize】

mETH Protocol has established a firm foothold in the staking track and entered the re-staking narrative with great innovation. It provides different income options through $mETH and $cmETH, and uses the governance token $COOK as a link to build community consensus. It is expected to become the user's first choice in the future re-staking application explosion cycle.