Let me remind you again, friends who have participated in the Binance Web3 Wallet COOK airdrop event before, remember to go to the Methamorhphosis page of the mETH Protocol website tomorrow (10/29) to receive the first season COOK token airdrop!
Getting to the point, mETH Protocol announced that the second season of Methamorphosis will start on 10/30!
Although I don’t know how many partners continue to hold mETH, whether you have mETH now or not, if you have long-term plans to hold $ETH in the next few months, you may wish to participate in Methamorphosis to earn additional COOK token airdrops !
Background
1.mETH is currently the fourth largest Ethereum liquid pledged token
2. mETH’s restaking token: cmETH will be launched in the second quarter of Methamorphosis
Key information for the second quarter
1. The second season airdrop event lasts for 110 days
Starting from 2024/10/30, the expected end time is 2025/2/17
2. Airdrop points are obtained through cmETH
This is very important for current mETH holders!
In the second quarter, mETH will only be able to obtain airdrop points in the first 30 days. After that, you need to convert mETH to cmETH to continue to get points.
3. Airdrop points can only be obtained through Mantle’s on-chain activities
In the first season of the Methamorphosis airdrop plan, airdrop points can be obtained through L1’s mETH holdings, but this season will be changed to only Mantle L2 to obtain airdrop points.
4. The COOK airdrop quota for the second quarter has not yet been announced.
Judging from the current COOK token valuation shared by the mETH community, 0.1-0.3/COOK is a reasonable price.
Calculated based on the total amount of COOK airdrops obtained by the author participating in the first quarter, if the price of COOK tokens is 0.3 US dollars, the income in three months will be about +30% (and a lot of Karak points have been accumulated). If the second If Ji’s airdrop share doesn’t decrease too much, I think it’s still worth participating.
Summarize
Compared with the first season of Methamorphosis, which widely opened airdrop points acquisition channels to attract new users, the second season has clearly focused on the Mantle chain itself and on-chain applications.
Although the acquisition of points will become more limited, it can relatively import funds and users into Mantle, which has a great incentive effect for Mantle and the protocols built on it.
Similarly, it is also beneficial for us as general participants. Don’t underestimate Mantle’s ability to spread money to promote the development of the chain!
Finally, as the old saying goes, partners who are optimistic about and hold ETH for a long time are definitely worth participating in mETH Protocol’s Methamorphosis airdrop plan!
In addition to the possibility of appreciation of the value of ETH itself, you can also obtain ETH staking income, airdrops of re-pledge protocols such as Karak, and Methamorphosis's second quarter COOK token airdrop, etc.
Compared with those projects that regard airdrop farmers as electronic beggars, the author believes that the income return capability of participating in the mETH Protocol supported by Mantle is relatively more attractive.
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Partners who are interested in participating in Methamorphosis remember to fill in the referral code section:
"myronchiu", you and I can increase our points by 10%
※None of the above content constitutes investment advice. Users are advised to operate according to their own risk tolerance and DYOR participate in the investment market with caution.
※Cover picture is taken from mETH Protocol tweet
