With over $1.5 billion in TVL today, mETH Protocol has become the fastest liquid staking provider on Ethereum to surpass $1 billion in volume. This milestone highlights our relentless focus on institutional growth, security, and capital efficiency. Backed by cutting-edge infrastructure, we offer some of the highest yields in the market, along with robust integrations that include liquidity pooling, yield tokenization, perpetuals, and more.
In our latest collaboration with Bybit, we’re thrilled to announce that for a limited time, Bybit is offering an impressive ~9% APY on $ETH staking for $cmETH through their platform. Beyond high yields, Bybit users can leverage $cmETH as collateral for crypto loans or margin trading, unlocking even greater opportunities in CeDeFi ecosystems.
Refresher — What is $cmETH?
Traditional LRTs often constrain users by requiring them to commit their staked assets to a single staking protocol, limiting flexibility and diversification.
With $cmETH, your staked assets are allocated in a risk-adjusted manner across multiple staking protocols, allowing you to earn rewards from several platforms simultaneously from industry-leading protocols such as EigenLayer, Symbiotic, Karak, and Veda. This approach consolidates your staking positions into a single, streamlined asset, designed to optimize yield and manage risk.
Now that we’ve gone through the fundamentals of $cmETH, let’s dive into the details of this campaign and provide a step-by-step guide on how you can stake your $ETH for $cmETH on Bybit.
Step 1: Log in or Create a Bybit Account
To begin staking, you’ll need an account with Bybit.
New Users: Visit Bybit’s main website to register for an account. Complete the KYC verification process to unlock all platform features.
Existing Users: Simply log in using your credentials to access your account.
Step 2: Deposit $ETH Into Your Bybit Wallet
Before staking, let’s ensure you have $ETH in your Bybit wallet!
Navigate to the “Assets” section in your account dashboard. Then, select “Deposit” and generate your deposit address. Transfer $ETH from your external wallet to Bybit using the provided address. As always, confirm that the transaction has been successfully processed.
Step 3: Access Bybit’s On-Chain Earn Platform
Bybit’s On-Chain Earn platform is where you can find all staking opportunities. Underneath the Top Picks section, locate the option circled below to stake your $ETH for $cmETH.
Step 4: Confirm and Complete Your Transaction
After verifying the staking terms, make sure to review all transaction details and confirm your staking transaction. Once completed, you will receive $cmETH in your Bybit wallet, accruing staking rewards over time.
With these four simple steps, you can now stake your $ETH for $cmETH to earn some of the tastiest yields on the market!
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