mETH Protocol | Institutional-Grade ETH Liquid Staking & Restaking

Merchant Moe is a leading DEX on Mantle, designed to optimize liquidity and trading efficiency through its Liquidity Book Model. With Moe's Discretized Maker Awards (MDMA) incentives, low-slippage trading, and a unique governance system, Merchant Moe curates the perfect DeFi playground for both new and existing users.

Less than 2 weeks remain before our Season 2: Methamorphosis campaign ends! Looking to maximize your Powder rewards for more $COOK? Simply provide liquidity to the Merchant Moe pools below.

cmETH/USDT — 40x Powder per cmETH LP daily
cmETH/MNT — 40x Powder per cmETH LP daily
cmETH/USDe — 40x Powder per cmETH LP daily
cmETH/WETH — 30x Powder per cmETH LP daily
cmETH/FBTC — 30x Powder per cmETH LP daily
cmETH/mETH — 20x Powder per cmETH LP daily

Deposit Now

Let's dive into the details of this campaign and provide a step-by-step guide on how you can provide liquidity for cmETH/USDT, leveraging Merchant Moe's Liquidity Book model for maximum capital efficiency and optimized rewards.

Step-by-Step Guide to Providing Liquidity for cmETH/USDT

Step 1: Accessing Merchant Moe

Start by visiting Merchant Moe's platform and connecting your wallet. Make sure your wallet is on the Mantle Network, with $cmETH and $USDT ready to deposit.

Step 2: Navigate to the Liquidity Pool Section

Navigate to the "Pool" section from the platform's main menu. In the search bar, type "cmETH/USDT" to locate the specific pool. After finding it, click on the "Add Liquidity" button to proceed.

Step 3: Depositing Liquidity

Unlike traditional liquidity pools that distribute liquidity evenly across all price ranges, Merchant Moe utilizes a Liquidity Book model, which enhances capital efficiency by concentrating liquidity into discrete price bins. Each bin represents a specific price range where liquidity is actively provided. When a trade occurs, it moves through these bins, rather than across an infinite price curve.

Enter your $cmETH and $USDT Amounts: Similar to traditional liquidity provision, you need to deposit both $cmETH and $USDT into the pool in a balanced proportion.
Choose Liquidity Shape: Liquidity Shape determines how your liquidity is spread across different price bins. Merchant Moe offers three shapes, from basic to complex: spot, curve, and bid-ask. Spot is the most popular Liquidity Shape, as it's the easiest to deploy and manage.
*Tip: If you want higher yield, choose a concentrated shape to funnel liquidity in a narrower price range. If you prefer less risk, spread it across more bins. *

Selecting Price Range: Set a specific price range where your liquidity is active. A wider range results in safer, but lower rewards. A tighter range results in higher yield, but may require adjustments if price moves out of range. MDMA incentives reward LPs who concentrate liquidity in the most actively traded bins.

Effectively, this approach results in high capital efficiency coupled with flexible liquidity, as funds are actively used where they are most needed, rather than being diluted across an entire price curve as seen in traditional AMMs.

Step 4: Approve Transactions

Once you've entered the amount of $cmETH and $USDT you want to supply, the interface will automatically calculate how much is needed for your chosen range. Simply approve the token transactions in your wallet and confirm the liquidity deposit. Your liquidity will be placed in the selected bins, and you'll start earning fees and rewards from swaps occurring within that range.

Trading Fees: In addition to Powder, LPs earn a portion of the fees generated from trades within their provided liquidity range.
Surge Pricing: During periods of high market volatility, Surge Pricing is implemented, allowing LPs to earn additional dynamic fees, increasing potential returns.

Step 5: Monitoring & Managing Your LP Position

To stay up to date with your fees and rewards, make sure to:

Check Earnings: Track your accumulated trading fees and MDMA rewards in the pool dashboard.
Adjust Liquidity: If market conditions change, you can move your liquidity to new price bins for better efficiency.
Withdraw anytime: You're free to remove liquidity whenever you want, receiving your initial deposit + earned rewards.