mETH Protocol launches COOK Feast event, locking COOK allows participation in the distribution of 200 cmETH rewards

According to ChainCatcher news, the mETH Protocol has launched the COOK Feast event, where locking COOK will earn COOK Power, which can participate in the distribution of a prize pool of 200 cmETH. Users can withdraw funds at any time or choose a fixed lock-up period to increase rewards.

The COOK Feast aims to reward community members' support, allowing COOK holders to increase their cmETH and encouraging long-term participation in the ecosystem.

According to RootData, the mETH Protocol is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and managed by Mantle. Users stake ETH to receive mETH. Unstaking mETH will grant the underlying staked ETH principal and accumulated rewards.