Mantle Staked Ether

Mantle Staked Ether (METH)

Mantle Staked Ether (METH) is a cutting-edge token within the Mantle Ecosystem that operates as a value-accumulating receipt token for Ethereum staking. As part of the Mantle Liquid Staking Protocol (LSP), METH empowers users to participate in a permissionless and non-custodial ETH liquid staking experience directly on the Ethereum Layer 1 network.

Key Features of METH

• Value Accumulation: METH serves as a receipt for users' underlying ETH principal and the rewards generated from staking activities.
• Risk-Reward Profile: Users can choose their desired risk-reward profile by holding either METH or cmETH, the latter representing restaked positions across various protocols.
• Capital Efficiency: Both METH and cmETH can be utilized across a diverse range of decentralized finance (DeFi) applications, allowing them to serve as collateral or for perpetual trading.
• Protocol Governance: The governance token for the METH Protocol is known as COOK, enabling users to have a say in the protocol's future developments.

Staking and Restaking Mechanism

The METH Protocol facilitates an innovative approach to liquid staking and restaking, providing users with the flexibility to engage in ETH staking while retaining liquidity. Users can redeem their METH tokens for the underlying ETH and accumulated rewards at any time.

For those looking to maximize their staking potential, cmETH acts as a 1:1 receipt token for restaking across a portfolio of positions, including third-party protocols such as EigenLayer and Symbiotic. This unified receipt token allows users to receive rewards in multiple third-party assets, enhancing their overall yield.

Security and Risk Management

The METH Protocol has a robust risk management framework, incorporating measures such as slashing event handling and oracle validity checks to ensure the security of user funds and maintain the integrity of the staking process.

Users should be aware of the protocol's fee structure, which includes a 10% fee on staking rewards, with a portion shared with node operators, ensuring the sustainability of the ecosystem.

Conclusion

In summary, Mantle Staked Ether (METH) represents a significant advancement in the realm of ETH liquid staking, offering users a flexible and secure way to participate in Ethereum staking while enjoying the benefits of liquidity and enhanced rewards through active engagement with various protocols.