Some of the key clarifications we would love to share with the community:
1. We fully recognize that the DAO Governance process of Mantle runs more like a corporation rather than a DAO, and we believe this is exactly why we would love to engage with Nouns DAO, given how dynamic and vibrant the community and we would love to treat it as a learning process for us.
2. We would love to view this partnership as a window of opportunity to first, enhance and diversify Nouns' treasury yield strategies. mETH and cmETH have been the first LST/LRT tokens deployed on HypeEVM, providing some unique market exposure compared to other LST/LRT tokens.
3. We genuinely hope that through the 5 million MNT delegation, Nouns can be an important partnership for us to drive forward within the DAO space. There will also be many other opportunities in the future as well. For example, Mantle will launch its banking division very soon. There could also be an interesting opportunity for Nouns DAO to engage with the wave of convergence of CeFi and DeFi.
mETH Protocol is a permissionless, vertically integrated liquid staking infrastructure purpose-built for Ethereum L1. It delivers a robust, non-custodial staking solution designed to meet the security, composability, and operational standards of institutional participants. Since launch, mETH Protocol has demonstrated sustained growth and adoption, currently ranked as the 4th largest liquid staking protocol globally, with $2.1 billion in total value locked (TVL) at its peak.
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 a risk-reward profile associated with Ethereum 2.0 validation services.
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 provides users with a convenient way to participate in the risk-reward profile of restaking.
Security-First, Pragmatically Engineered
mETH Protocol is built on a decentralized architecture — validator delegation spans top-tier operators like A41, Blockdaemon, and P2P — but user safety remains our north star. In times of market stress, we’ve acted swiftly to protect funds, as evidenced in recent recovery actions on platforms utilizing mETH (see case study)
Institutional Liquidity on Demand**
**We understand the operational need for agile, reliable access to assets. mETH offers multiple redemption pathways: <1-day access via Mantle’s on-chain buffer pools, OTC redemption through trusted partners (e.g. Bybit), Integration with custodians and off-platform rails for block trades
Key Metrics (as of May 2025)
Current Yield of mETH & cmETH
mETH | cmETH | |
---|---|---|
Yield source | Native staking on Ethereum Network | Restaking yield from 3 restaking protocols, i.e. EigenLayer, Symbiotic Points, Karak, and Veda |
APY | 2.71% (floating given the network activity) | Restaking points (Est. 2.8% APY) |
mETH receipt token | Value accumulating<br />ERC-20<br />Receipt for underlying ETH principal and rewards |
---|---|
mETH Token address | https://etherscan.io/address/0xd5F7838F5C461fefF7FE49ea5ebaF7728bB0ADfa#code<br />https://explorer.mantle.xyz/address/0xcDA86A272531e8640cD7F1a92c01839911B90bb0/contracts#address-tabs |
Node Operators | https://www.a41.io/stake,https://p2p.org/,https://www.blockdaemon.com/,https://stake.fish/ |
Rewards | Realized in ETH upon redemption<br />https://meth.mantle.xyz/stats/meth/apy |
Protocol Fee | 10% of rewardsA portion is shared with the Node Operators |
cmETH receipt token | Pegged 1:1 with mETH<br />ERC-20<br />LayerZero OFT<br />Receipt for underlying mETH principal restaked across a dynamic set of restaking protocols |
cmETH token address | https://etherscan.io/address/0xe6829d9a7ee3040e1276fa75293bde931859e8fa#writeProxyContract<br />https://mantlescan.xyz/address/0xE6829d9a7eE3040e1276Fa75293Bde931859e8fA#writeProxyContract |
Restaking Protocols | https://www.eigenlayer.xyz/,https://symbiotic.fi/,https://karak.network/ |
Rewards | Inherits mETH rewardsAdditional restaking rewards (details TBD) |
Vault Access | Ethereum L1 |
Stake 1000 ETH to mETH
Call the stake method on 0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f to stake ETH and receive the new receipt token mETH (0xd5f7838f5c461feff7fe49ea5ebaf7728bb0adfa).
Stake function input data:
We’re truly excited to partner with Nouns and help push the boundaries of DAO governance, unlocking the full potential of decentralized coordination in today’s evolving economy.
We would love to hear feedback from the community and see how we can move forward together.
Let’s COOK!
Some of the key clarifications we would love to share with the community:
1. We fully recognize that the DAO Governance process of Mantle runs more like a corporation rather than a DAO, and we believe this is exactly why we would love to engage with Nouns DAO, given how dynamic and vibrant the community and we would love to treat it as a learning process for us.
2. We would love to view this partnership as a window of opportunity to first, enhance and diversify Nouns' treasury yield strategies. mETH and cmETH have been the first LST/LRT tokens deployed on HypeEVM, providing some unique market exposure compared to other LST/LRT tokens.
3. We genuinely hope that through the 5 million MNT delegation, Nouns can be an important partnership for us to drive forward within the DAO space. There will also be many other opportunities in the future as well. For example, Mantle will launch its banking division very soon. There could also be an interesting opportunity for Nouns DAO to engage with the wave of convergence of CeFi and DeFi.
mETH Protocol is a permissionless, vertically integrated liquid staking infrastructure purpose-built for Ethereum L1. It delivers a robust, non-custodial staking solution designed to meet the security, composability, and operational standards of institutional participants. Since launch, mETH Protocol has demonstrated sustained growth and adoption, currently ranked as the 4th largest liquid staking protocol globally, with $2.1 billion in total value locked (TVL) at its peak.
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 a risk-reward profile associated with Ethereum 2.0 validation services.
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 provides users with a convenient way to participate in the risk-reward profile of restaking.
Security-First, Pragmatically Engineered
mETH Protocol is built on a decentralized architecture — validator delegation spans top-tier operators like A41, Blockdaemon, and P2P — but user safety remains our north star. In times of market stress, we’ve acted swiftly to protect funds, as evidenced in recent recovery actions on platforms utilizing mETH (see case study)
Institutional Liquidity on Demand**
**We understand the operational need for agile, reliable access to assets. mETH offers multiple redemption pathways: <1-day access via Mantle’s on-chain buffer pools, OTC redemption through trusted partners (e.g. Bybit), Integration with custodians and off-platform rails for block trades
Key Metrics (as of May 2025)
Current Yield of mETH & cmETH
mETH | cmETH | |
---|---|---|
Yield source | Native staking on Ethereum Network | Restaking yield from 3 restaking protocols, i.e. EigenLayer, Symbiotic Points, Karak, and Veda |
APY | 2.71% (floating given the network activity) | Restaking points (Est. 2.8% APY) |
mETH receipt token | Value accumulating<br />ERC-20<br />Receipt for underlying ETH principal and rewards |
---|---|
mETH Token address | https://etherscan.io/address/0xd5F7838F5C461fefF7FE49ea5ebaF7728bB0ADfa#code<br />https://explorer.mantle.xyz/address/0xcDA86A272531e8640cD7F1a92c01839911B90bb0/contracts#address-tabs |
Node Operators | https://www.a41.io/stake,https://p2p.org/,https://www.blockdaemon.com/,https://stake.fish/ |
Rewards | Realized in ETH upon redemption<br />https://meth.mantle.xyz/stats/meth/apy |
Protocol Fee | 10% of rewardsA portion is shared with the Node Operators |
cmETH receipt token | Pegged 1:1 with mETH<br />ERC-20<br />LayerZero OFT<br />Receipt for underlying mETH principal restaked across a dynamic set of restaking protocols |
cmETH token address | https://etherscan.io/address/0xe6829d9a7ee3040e1276fa75293bde931859e8fa#writeProxyContract<br />https://mantlescan.xyz/address/0xE6829d9a7eE3040e1276Fa75293Bde931859e8fA#writeProxyContract |
Restaking Protocols | https://www.eigenlayer.xyz/,https://symbiotic.fi/,https://karak.network/ |
Rewards | Inherits mETH rewardsAdditional restaking rewards (details TBD) |
Vault Access | Ethereum L1 |
Stake 1000 ETH to mETH
Call the stake method on 0xe3cBd06D7dadB3F4e6557bAb7EdD924CD1489E8f to stake ETH and receive the new receipt token mETH (0xd5f7838f5c461feff7fe49ea5ebaf7728bb0adfa).
Stake function input data:
We’re truly excited to partner with Nouns and help push the boundaries of DAO governance, unlocking the full potential of decentralized coordination in today’s evolving economy.
We would love to hear feedback from the community and see how we can move forward together.
Let’s COOK!