Deployed on Ethereum layer 1 (L1) and governed by Mantle, mETH Protocol has, since late 2023, been providing users with access to $mETH, a value-accumulating receipt token that is highly composable across a range of DeFi applications on Mantle Network L2, offering exposure to additional yield-bearing opportunities. In practice, users stake ETH with mETH Protocol and receive yield-bearing $mETH, and unstake $mETH to receive the underlying principal staked ETH and accumulated rewards.
In practice, since the inception of mETH Protocol, Mantle's mission has been to deliver the most user-friendly and rewarding $mETH experience. Thanks to network ecosystem-wide adoption, $mETH users are able to trade on Mantle DEXs, earn yield by providing liquidity to $mETH liquidity pools, and generate yield within distributed money markets. Latest snapshot shows market cap near $2,964,929, 24h volume around $134,088, 24h change up 0.61%. DexBrief is currently monitoring a live market route on Solana. Current market coverage for this page is being assembled from a single public market feed.
Contract references point to Ethereum as the primary asset platform. Available contract and metadata references point back to the Ethereum network. Common classification tags include Decentralized Finance (DeFi), Ethereum Ecosystem, and Liquid Staking Governance Tokens. Public contract references currently span Ethereum, Mantle.