The reason why I love @0xMantle is that they're always cooking (literally).
After the huge $mETH success, $cmETH is the next big thing coming for @mETHProtocol.
Still a bit confused? Let me walk you through it 🧵
1/➣ What's @mETHProtocol?
Let's start from the beginning ↓
@mETHProtocol is a permissionless, vertically integrated protocol for $ETH liquid staking and liquid restaking.
mETH Protocol was officially introduced as a rebranding of Mantle LSP on August 19th, 2024.
2/➣ Key Advantages
- Mantle Core Product: mETH Protocol has access to Mantle Treasury, engineering, and ecosystem.
- Wide Adoption: $mETH targets being the most adopted $ETH LST with Mantle's support (already 4th largest)
- Security: Non-custodial contracts and services keep… x.com/i/web/status/18501531423...
3/➣ Traction
mETH now holds 463,000 $ETH, which is roughly $1.2 billion in TVL.
- 292k $ETH on L1
- 171k $ETH on L2
As I mentioned, it's the 4th largest $ETH LST, so a decision was made to capture the restaking market and aim for the same success with $cmETH.
4/➣ $mETH vs $cmETH vs $COOK
I can see you may be a bit confused with all the names ↓
- $mETH: Liquid staking token (LST) that represents staked $ETH
- $cmETH: Liquid restaking token (LRT) that allows $mETH to be utilized to secure multiple networks
- $COOK: The governance… x.com/i/web/status/18501531493...
5/➣ Restaking
Restaking is one of the fastest-growing DeFi segments in 2024 and the growth is projected to continue in 2025.
$cmETH is set to capture a big part of the market through its wide range of Mantle apps and the huge number of $mETH holders looking to maximize yield.
6/➣ $cmETH
A challenge with restaking is limited composability. $cmETH, similar to $mETH, will be highly composable in the Mantle Ecosystem, allowing users to tap into various yield opportunities via L2 dApps and protocol integrations.
Exchanging $mETH for $cmETH offers… x.com/i/web/status/18501531577...
7/➣ Yield Opportunites
Once $cmETH is available, holders will enjoy six types of yields ↓
- Yield from ETH Proof-of-Stake validation (provided via the underlying $mETH)
- Yield from restaking protocols (e.g., EigenLayer, Symbiotic, Karak, etc.)
- Yield from Actively Validated… x.com/i/web/status/18501531627...
8/➣ $COOK
As part of its next growth phase, mETH Protocol will also include its governance token, $COOK, which will guide future initiatives for both $mETH and $cmETH.
The launch of $mETH could boost @mETHProtocol value and positively impact $COOK FDV, keep this in mind.
9/➣ Get Started
To prepare for $cmETH, users should have $mETH to exchange prepared ↓
- Staking $ETH on the mETH Protocol
- Swapping assets on Mantle DEXs
- Buying directly on CEXs
10/➣ Methamorphosis Season 2
Along with $cmETH and $COOK TGE, @mETHProtocol has something more cooking - Methamorphosis Season 2.
15% of the $COOK supply has already been distributed to Season 1 participants, so stay tuned for another chance to get airdropped!
If you enjoy my content and want to support me, make sure to follow my TG channel.
I post more exclusive alpha content there ↓
Also, follow these chads for the best alpha content ↓
➣ @DeRonin_
➣ @arndxt_xo
➣ @TheDeFinvestor
➣ @the_smart_ape
➣ @poopmandefi
➣ @0xAndrewMoh
➣ @eli5_defi
➣ @izu_crypt
➣ @DOLAK1NG
➣ @rektdiomedes
➣ @0xTindorr
➣ @Hercules_Defi
➣ @CryptoShiro_
➣ @RubiksWeb3hub
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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