The Most Underrated Ecosystem in DeFi: @0xMantle With the today's launch of $COOK and $cmETH, the ecosystem is on track for explosive growth. Here’s a breakdown of the opportunities (+ how to capitalize):

Today We'll Cover: • What Makes Mantle different • The traction they've achieved with Season 1 • Next Catalysts: Season 2, $cmETH, and $COOK • How to capitalize Let's cook!

The L2 space is Competitive Having great tech alone ISN'T enough to win - you need to drive users and adoption. Mantle understands this. Backed by one of the largest treasuries in Crypto (>$2.4b), Mantle uses its firepower to promote the adoption of mETH and other core… x.com/i/web/status/18512499477...

Other Stats • TVL sits at $447m. Its peak was at $636m back in July. • Weekly active addresses is at 168.47k (+72%) • They're one of the few protocols with an increasing mindshare in the heated L2 space (over 30D).

mETH is their Liquid Staking token. The entire Mantle ecosystem is designed to generate additional yield & utility with mETH. In my personal experience, mETH is the best place for my ETH. High yields + potential airdrops. It rapidly become the 4th largest in Crypto with a peak… x.com/i/web/status/18512499976...

mETH uses: • Use $mETH as collateral within Mantle's money markets • Add liquidity to vaults on Mantle to earn fees • Earn rewards through $mETH restaking strategies • and much more. Over 28k people locked 102m MNT in the Mantle Rewards Station.

Their Season 1 just ended. Results: • Mantle Network saw a 67% increase in cumulative active on-chain users, totaling over 4.39 million. • Mantle Rewards Station recorded a 125% net increase in $MNT locked, totaling over 148 million. • $mETH Total Value Locked (TVL) on both… x.com/i/web/status/18512500281...

Season 2 is Coming In Crypto, no one cares what you've done - they care about what you're doing NEXT. Mantle will be expanding their turf through 3 new initiatives: • $cmETH - their liquid restaking token • $COOK - the governance token for @mETHProtocol • The start of… x.com/i/web/status/18512500495...

$cmETH - Capturing Restaking The liquid re-staking sector's growing, and $cmETH is their new liquid restaking token. Exchanging your mETH to cmETH will give you access to 6 different types of yields (shown below). And of course, Mantle will be designing different incentives &… x.com/i/web/status/18512500710...

$COOK - mETH's Protocol's Governance Token This will let you vote and help influence it's strategic future. • $COOK TGE and claims just started TODAY. (It's now available on Bybit and MEXC) • 60% is allocated to growth initiatives.

Season 2: Methamorphosis This season will focus more on incentives and gamification to drive adoption of $cmETH. • Starts on Oct 30, 2024 and last for 110 days. • Both $mETH and $cmETH holdings will be incentivized. • Incentives are only for qualified DeFi activities on… x.com/i/web/status/18512501130...

Expanding to BTCFi Mantle has partnered with @IgnitionFBTC to tap into the growing Bitcoin ecosystem • fBTC is an omnichain Bitcoin asset pegged 1:1 to BTC, while remaining decentralized • Since launching in July, TVL has grown to $450m

fBTC DeFi Strategies • Provide Liquidity to @MerchantMoe_xyz incentivized FBTC/mETH pool for 4x Sparks per 0.001 FBTC daily. • Provide Liquidity to @Agnidex incentivized FBTC/mETH pool for 4x Sparks per 0.001 FBTC daily. • Deposit on @lendlexyz to build 4x Sparks per 0.001… x.com/i/web/status/18512501445...

Incentivizing Builders At the heart of every ecosystem are its developers. Mantle is attracting developed through Buildathons. A current buildathons is offering $150k in prizes, plus mentorship. Follow @itsgonnabenuts for more information.

New to Mantle? Here are some top Protocols • @MerchantMoe_xyz - Trade & liquidity pools • @Agnidex - AMM based DEX and launchpad • @InitCapital_ - Money markets /w Liq hooks • @lendlexyz - Aave V2 Fork. #2 Money Market • @Minterest - Highest long term yield MM & much more.

Actions: • Season 1 Cook rewards are available now. Check your allocation (Be careful of scam links & fake airdrops) • Get your mETH ready to convert to cmETH. • Several pools are already live over at @MerchantMoe_xyz.

If you don't have mETH yet, here's how you get it: • Stake $ETH on mETH Protocol in exchange for $mETH • Swap assets on Mantle DEXs for $mETH (Merchant Moe, Agni) • Buy $mETH directly on selected CEXs (ByBit)

No More Half-measures • Backed by the largest treasury in Crypto (> 2.4B) • mETH has already grown to the #4 LST • cmETH and $cook are launching today • Season 2 incentives • They've expanded to BTCfi Mantle is the one who knocks.

Transparency: I collaborated with @0xMantle on this piece, and I've held Mantle tokens in my personal portfolio before ever working with them. If you enjoyed this, please engage and share the content.