The first quarter of 2025 marked a significant step forward for mETH Protocol. We kickstarted the year by announcing our roadmap, gaining greater independence as a protocol, and forming our own product and community channels.
With $cmETH now live and growing, HyperEVM integrations underway, and new institutional channels forming, we’ve laid the groundwork for a more composable, scalable, and accessible staking experience.
As we continue to evolve, our focus remains the same: deliver sustainable yield, unlock cross-ecosystem utility, and advance Ethereum’s role as a productive financial asset.
Q1 Recap — Product Launches, Ecosystem Expansion, Community
On Feb. 20, 2025, we launched cmETH Fixed Yield Vault, offering a predictable and enhanced yield experience for both institutional and retail users. In under a month, the vault attracted over 27,000 cmETH in deposits, valued at more than $55M by Apr. 1, 2025. To drive broader adoption, cmETH and mETH also went live on Bybit Earn, unlocking access to crypto loans, token collateral use, and institutional lending. We're also exploring how these liquid staking assets can be integrated into Mantle Enhanced Index Fund to further extend utility.
mETH Protocol now secures over 170K mETH (~$310M) on EigenDA, directly contributing to Mantle’s data availability layer. This deepens economic security while supporting the scalability and decentralization of Mantle’s modular architecture. With Mantle Network surpassing $1.35B in TVL, mETH is playing a central role in securing that value — aligned with Mantle’s vision as a high-performance Ethereum L2.
We also kicked off HyperEVM expansion, launching a pre-deposit vault with Mizu and Hyperbeat. Full integration of mETH and cmETH across Hyperswap and Hyperdrive is underway, establishing mETH Protocol as a core liquid staking layer within HyperEVM. At the same time, Season 3: Methamorphosis launched with expanded incentives across dApps on Mantle and new ecosystems like HyperEVM. Already among the top four in liquid staking and restaking through Mantle alone, this cross-ecosystem growth marks a natural progression for mETH Protocol.
We’ve also taken steps to grow our presence and thought leadership. Educational content featuring our team, video explainers, and public panels — including Policy Week in Sydney — were key moments in helping users understand the core value of liquid staking and LRTs. Regular livestreams and ongoing public appearances will continue to keep us connected with the community. In Q1 alone, our Discord community grew by over 4.2K members, and our X channel saw a 525% increase, reaching 25K followers.
On the institutional front, momentum is strong, with custody channels progressing steadily and key partnerships set to be announced in early Q2.
Q2 — New Blockchains, CeDeFi Initiatives, and Greater Thought Leadership
Heading into Q2, we are focused on multi-ecosystem expansion. Work is already underway across Monad and other emerging DeFi stacks, with the goal of positioning cmETH as the ETH collateral of choice. There is clear alignment with cmETH’s composability and real yield design, which continue to resonate strongly with ecosystem builders.
We’re also unlocking new utility for mETH and cmETH across strategic CeDeFi venues, particularly around trade collateral where yield and stability matter. At the same time, we’re improving access through streamlined earn platforms to make it easier for new users to participate with low friction. These efforts aim to grow TVL, unlock broader yield opportunities, and strengthen use case diversity — with $COOK being the foundation that unifies all pillars.
On the community front, we are building a stronger voice, not just explaining what we do but shaping the broader conversation around liquid staking, restaking, and mETH Protocol’s role in Ethereum’s evolving infrastructure.