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Mantle Staked Ether
About Mantle Staked Ether
Mantle Staked Ether (METH) is an ERC-20 token representing staked Ethereum within the Mantle ecosystem, a project leveraging Ethereum's layer-2 technology for enhanced scalability and efficiency. METH allows users to participate in network security through staking while retaining liquidity to engage in decentralized finance (DeFi) applications on Mantle's Layer 2 platform. The creation and governance of METH and the Mantle ecosystem are overseen by a decentralized community of $MNT token holders, responsible for strategic decisions and resource management.
Mantle Staked Ether (METH) is a value-accumulating, permissionless ERC-20 receipt token within the Mantle ecosystem, a project built on Ethereum's layer-2 technology. METH is designed for users who stake Ethereum (ETH) to receive in return, enabling participation in Ethereum's network staking while maintaining liquidity of their staked assets. The Mantle Liquidity Staking Protocol (LSP), as the core product, facilitates this process, allowing users to stake ETH and receive METH, which bears yield. This mechanism is aimed at enhancing capital efficiency and is easily adopted by DeFi applications within the Mantle Layer 2 ecosystem.
Mantle Staked Ether is used within the Mantle ecosystem to represent staked ETH. Users stake their ETH to receive METH, which then can be utilized within the Mantle Network applications to earn additional yields. This process allows users to participate in network security via staking while also engaging in DeFi activities, without locking their assets in a non-liquid state. This system aims to provide a highly rewarding experience for METH holders, promoting wider adoption and integration across DeFi applications and centralized exchanges.