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History

Incubated by Mantle, mETH Protocol began as a modest product in Dec. 2023, offering users diverse ways to enjoy enhanced yield opportunities on their ETH.

The inception of mETH Protocol further diversifies Mantle's offerings by incubating liquid staking derivatives within an active ecosystem. Leveraging access to its treasury, engineering expertise, growth resources, and over 200 protocols on Mantle Network alone, mETH Protocol observed tremendous growth in a short period of time.

Milestones

Thanks to its strong backing, mETH Protocol rapidly integrated its liquid staking token, $mETH, across a wide range of native protocols on Ethereum and Mantle Network, including liquidity pools, money markets, perpetuals, and more. It was also adopted by major industry players like Pendle, Ethena Labs, Compound, and Euler.

In mid-2024, the mETH Protocol initiated its next growth phase by launching $cmETH, the liquid restaked version of $mETH, designed to allow users to fully capture the future of restaking, along with its new governance token, $COOK.

Building on $mETH's success, $cmETH enables users to earn rewards across multiple restaking protocols such as EigenLayer, Karak, Symbiotic, and Veda, while also utilizing their assets across integrations for enhanced yields. This offers greater flexibility and capital efficiency compared to the traditional LRT model, which typically accrues yields from only a single protocol.

Moreover, $COOK, as the governance token of mETH Protocol, allows holders to significantly influence the protocol's strategic direction and operational decisions, empowering the community.

Today, mETH Protocol is ranked as the 4th largest in ETH liquid staking and the 6th largest in liquid restaking.

On-chain data doesn't lie.

mETH Protocol has delivered some of the highest ETH yields and rewards, including the Double Dose campaign, where users earned double the staking yield backed by the treasury and received over 2.098M $EIGEN tokens as rewards.

Season 1: Methamorphosis, launched to incentivize higher $mETH adoption and promote the launch of cmETH, concluded with over 250M $COOK tokens distributed to users, giving them a greater stake in the protocol's growth. (Season 2: Methamorphosis is now ongoing, focusing on $cmETH holders.)

Outlook

In 2025, mETH Protocol is set to superscale into the next stage of growth by:

• Expanding brand presence
• Developing institutional grade products
• Improve and scale integrations with key partners across diverse ecosystems
• Broadening distribution networks
• Enhancing community engagement programs

By accelerating both user and institutional adoption, mETH Protocol is broadening the possibilities of what one can achieve with their ETH.

It's time to cook.