Overview
Last updated
Last updated
Status (mETH): Live, Permissionless
Status (cmETH): Live, Permissionless
mETH Protocol is a permissionless, vertically integrated protocol for ETH liquid staking and liquid restaking, available at: https://meth.mantle.xyz/.
mETH mETH is a value-accumulating receipt token for ETH staking. Users can redeem mETH for the underlying principal and accumulated ETH rewards. It is a straightforward product with risk-reward profile associated with Ethereum 2.0 validation services. cmETH cmETH is a 1:1 receipt token for mETH restaking across a portfolio of positions, including EigenLayer, Symbiotic, Karak and associated Actively Validated Services. Rewards will accrue in multiple third-party assets, which users can claim periodically. cmETH Unified Receipt Token cmETH is a unified receipt token for a portfolio of restaking positions, providing users with a convenient way to participate in the risk-reward profile of restaking. cmETH Omnichain cmETH utilizes the LayerZero OFT Standard, providing added convenience to users by enabling fast bridging between chains within minutes and without slippage. Capital Efficiency Both mETH and cmETH can be leveraged across a range of DeFi and centralized applications, such as as collateral for money markets or perpetual trading. COOK COOK is the governance token for mETH Protocol. Opt-in Users opt in to their desired risk-reward profile by choosing to hold either mETH or cmETH. mETH does not assume restaking risk. cmETH incorporates the risk-reward profile of mETH.
| Item | Description |
|---|---|
| Item | Description |
|---|---|
mETH receipt token
Value accumulating ERC-20 Receipt for underlying ETH principal and rewards
mETH token address
Node Operators
Rewards
Realized in ETH upon redemption https://meth.mantle.xyz/stats/apy
Risks (slashing)
Ethereum proof-of-stake validation penalties.
Protocol Fee
10% of rewards A portion is shared with the Node Operators
Oracles
Quorum required: 3 of 6 Update frequency: 8 hours
Vault Access
Ethereum L1
Deposits / Stake
Permissionless Instant 4bps fee (see Adjustment Rate)
Withdrawals / Unstake
Permissionless Up to 8 day delay (see mETH Unstake Lifecycle) FIFO queue mechanism Cancel mechanism (see Quotation and Slippage) No fees
Bridging
Rollup standard bridges with L1 to L2 within ~2 minutes, and L2 to L1 within ~ 3-7 days.
cmETH receipt token
Pegged 1:1 with mETH ERC-20 LayerZero OFT Receipt for underlying mETH principal restaked across a dynamic set of restaking protocols
cmETH token address
Restaking Protocols
AVS Operators
Rewards
Inherits mETH rewards Additional restaking rewards (details TBD)
Risks (slashing)
Inherits mETH risks Additional risks associated with AVS penalties (if enabled)
Protocol Fee
20% of restaking rewards will be reserved for growth initiatives.
Oracles
No dependency
Vault Access
Ethereum L1
Deposits / Restake
Instant No fees
Withdrawals / Unstake
Up to ~7 day delay, depending on available inventory and thirdparty restaking protocol cooldowns.
Bridging
LayerZero OFT ~5 minutes between chains with no slippage.