Mantle’s mETH Protocol: A New Era in Ethereum Layer 2 Staking
- Mantle rebrands its liquid staking protocol from Mantle LSP to mETH Protocol.
- Over 500,000 ETH staked since November 2023, making $mETH the fourth largest ETH liquid staking token.
- Introduction of new assets $cmETH and $COOK under the mETH Protocol following the adoption of MIP-30.
A significant development is the introduction of $COOK as the governance token, which will steer the protocol’s future direction and product innovations.
The rebranding and new assets position Mantle to expand its influence in the DeFi space, potentially transforming Ethereum Layer 2 staking dynamics and opening new avenues for users and developers alike.
