Mantle Restaked ETHPrice

(CMETH)

Mantle Restaked ETH (cmETH) is a liquid restaking token (LRT) representing Ethereum (ETH) staked on the Mantle network. It allows users to earn staking rewards from Ethereum while also contributing to the security and operations of the Mantle network. cmETH acts as a 1:1 receipt for mETH (Mantle's liquid staking token) that has been restaked across various platforms like EigenLayer, Symbiotic, and Karak. It offers a way to maintain liquidity while participating in advanced staking strategies.

cmETH operates using a "restaking" mechanism. When users stake their ETH with Mantle, they receive cmETH tokens. These tokens remain liquid and tradeable, unlike traditional locked staked ETH. The underlying ETH is delegated to validators, earning Ethereum staking rewards. Simultaneously, these staked assets are utilized to secure the Mantle network through its Ethereum Virtual Machine (EVM) compatibility layer. This dual utilization aims to generate additional value and yield opportunities for cmETH holders by leveraging the same capital across multiple protocols.

cmETH offers multiple benefits. It enables yield generation from both underlying Ethereum staking and the Mantle network, combining rewards from Ethereum's proof-of-stake, restaking protocols, Actively Validated Services (AVSs), Layer 2 applications, and partner incentives. Holders can provide cmETH to Mantle Decentralized Exchanges and liquidity pools to earn trading fees. It can also be used as collateral in DeFi protocols for lending and borrowing. Its composability with other DeFi applications extends its utility, and holding cmETH may grant voting rights in certain Mantle governance decisions.

Users can acquire cmETH by staking their ETH in the mETH Protocol, which then issues cmETH. Alternatively, cmETH can be obtained by swapping other assets for it on Mantle Decentralized Exchanges. It can also be purchased directly on selected Centralized Exchanges. For users who already hold mETH, they have the option to convert their mETH to cmETH to access the restaking opportunities and enhanced yield potential that cmETH provides.

Staking cmETH involves depositing it into specific staking contracts to earn rewards. Rewards are generated from the underlying Ethereum staking (approximately 3-4% APR) and additional MNT token rewards for securing the Mantle network. The Annual Percentage Yield (APY) is variable, influenced by factors like liquidation events and cmETH token emissions. Staking cmETH also allows users to accumulate points and activate multipliers, boosting their share of rewards. Longer lock durations typically grant higher reward multipliers and increased voting power, aligning incentives for long-term participation.

While cmETH provides attractive benefits, users should be aware of potential risks. These include smart contract risks, where vulnerabilities could lead to loss of funds, and validator performance risks, which could affect staking rewards. Market volatility also poses a risk, potentially impacting cmETH's value. All decentralized finance (DeFi) protocols carry inherent risks such as smart contract bugs and economic exploits. Furthermore, if choosing a fixed lock duration for staking, the principal will not be withdrawable until that period expires, limiting liquidity during that time.