meth protocol00
$meth
MCAP915.40M
+2.33%

what's meth protocol?

mETH Protocol is a fully vertically integrated liquid staking and restaking protocol built by Mantle Network, focusing on institutional-grade solutions for ETH. It enables users to stake ETH and receive mETH, a liquid staking token that accrues value and provides access to high-yield opportunities in DeFi. The protocol also introduces cmETH, a liquid restaking token, enhancing capital efficiency through integrations with ecosystems like Hyperliquid and Bybit. With over $1.37B in TVL, it offers competitive APYs on ETH staking, additional rewards via programs like Methamophosis, and supports institutional adoption through custodians like OSL and Copper. mETH Protocol positions itself as a key yield driver in Mantle's broader vision for on-chain finance, including tokenized indices like MI4 and neobanking via UR.

Snapshot

Meth protocol is operated by P2P Validator, a Tier-1 operator with zero slashing incidents.

contract

ethereum

mantle

2H ago
PARTNERSHIP

Operated by P2P Validator as a Tier-1 validator operator with zero slashing incidents recorded to date.

1M ago

Staking program offers 3% bonus APR for $mETH with upgraded liquidity features.

mETH becomes usable as collateral on Kraken (in addition to previously announced Bybit). Mantle Treasury allocates over 75% of its ETH holdings to mETH, and the protocol reaches peak TVL of $2.19B with custody support expanded to include Copper alongside Fireblocks and Anchorage.

A major protocol upgrade is scheduled for December 15.

Anchorage custody integration enables institutional holding of $MNT and Mantle-based RWAs. DMZ Finance launches first DFSA-approved tokenized money market fund on Mantle. MI4 Fund reaches $240M AUM and FunctionBTC reaches $1.5B TVL. Infrastructure upgrades include EigenDA integration for scalability and OP-Succinct ZK Validity Rollup implementation.

mETH integrates with Fireblocks for institutional custody workflows and becomes usable as collateral on Bybit.

Buffer Pool Upgrade scheduled for Q4 enables mETH to ETH redemptions within 24 hours using a reserve buffer in Aave's ETH pool, currently in capped testing since October with 2.82M ETH supplied via Aave and 740k ETH available for immediate withdrawals.

cmETH TVL grows to $300M from previously reported $270M, and Infinit Labs deploys automated looping strategy on HyperEVM yielding 7.65% APY through KyberSwap and Hyperbeat integration. Lendlexyz offers arbitrage strategy with supply APY at 2.65% and borrow APY at -0.84%, achieving ~10% APY after 10 loops.

Infinit Labs partners with Mantle to launch "winter recipe festival," a two-edition DeFi strategy competition featuring mETH-based strategies including leverage loops, with $1000 MNT prizes split across 5 winners per edition and winners announced one week after December 1.

Connection established between Bad Bunnz NFT and MethMegaeth along with fasterdotfun and PrismFi in the MegaETH ecosystem.

2M ago

Current Total Value Locked stands at $856.7m for mETH and $270m for cmETH.

Licensed institutional custodian CopperHQ now provides custody services for mETH Protocol.

Token sale event occurs with $MEGA ticker instead of using $METH ticker.

$cmETH becomes available on Merchant Moe DEX with ultrasound deflationary tokenomics.

Collaboration with HyperEVM ecosystem culminates in Methamorphosis S3, including partnerships with Spectra Finance, HyperSwapX, HypurrFi, and hyperbeat.

Airdrop of $METH tokens announced for Bad Bunnz NFT holders with Fluffle allocation distribution.

Integration with Tier-1 CEX Bybit completed for collateral options and Earn products, while the upcoming protocol upgrade specifically targets improvements to ETH's validator exit queue for mETH and regular feedback programs launch for holders.

3M ago

Integration with Infinit Labs enables automated leverage looping strategies for $cmETH through AI agent-powered execution.

Integration with CopperHQ provides institutional-grade custody infrastructure trusted by 50+ partners, complemented by new partnerships with Ethena and Pendle dApps, treasury adoption by NounsDAO and Mantle Index Four, and ~$500M contribution to securing EigenDA/Symbiotic.

Mantle ecosystem reaches all-time highs and enters price discovery phase, while $COOK token shows 11m market cap representing significant undervaluation relative to Mantle's 6B market cap.

The team is actively participating in Token2049 Singapore conference with multiple team members including @Defi_Maestro, @0xjlow, @JessZeng1101, and Karol representing the project on day 1 of the event.

Methamorphosis S3 campaigns are ending with no additional campaigns planned, while the team announces an upcoming protocol upgrade to provide instant, on-demand ETH yield access and strategic shift towards HyperEVM-native dApps, Tier-1 custodians, and exchanges.

Mantle becomes the largest ZK L2 following SuccinctLabs integration, with one-hour finality and twelve-hour withdrawals rolling out within 7 days.

Integration with HyperEVM achieves $1.8 billion TVL milestone and 880% cmETH supply growth, offering 2.89% base ETH yield with enhanced rewards across six partner protocols.

cmETH supply grows 880% on HyperEVM since launch with combined TVL reaching $1.95b, while restaking functionality launches offering yields up to 7.69% APY across multiple platforms.

4M ago

JuChain campaign upgraded with simplified participation tasks and $2,000 prize pool, requiring users to follow both accounts and bridge at least 1 transaction to JuChain, ending September 29.

Bybit executives Emily Bao and Helen Liu join as advisors while expanding integration suite to include launchpool, structured products, OTC, and options; zk-security implementation targeted for year-end.

5M ago

New mETH vault launches with Symbiotic points rewards and universal staking features.

Listed on Strategic ETH Reserve (SER) while partner Mantle reaches $3bn market cap with $500m stablecoin TVL as #1 ETH L2.

Licensed Hong Kong custodian OSL adds protocol support while cmETH reaches $5M TVL after 750% growth in Q2.

Protocol token added to Republic Tech balance sheet while POTUS demonstrates active protocol engagement through WorldLibertyFi platform and Dolomite borrowing.

6M ago

Nouns DAO ($11M treasury) allocates 1,000 stETH to protocol; receives 5M MNT delegation from Mantle Treasury.

Major protocol upgrade to ZK-validity L2 reduces withdrawal times from 7 days to under 1 hour, while EigenDA v2 implementation achieves 50+ MB/s throughput with 5s confirmations.

New institutional investment product MI4 by Mantle includes protocol token as one of three yield-bearing assets.

New Bybit integration enables fixed yield and EIGEN rewards for cmETH deposits

Swiss-backed UR Neobank launches in Q3 with debit cards and major payment system integrations, becoming first bank accessible via blockchain network with native mETH compatibility.

cmETH and mETH tokens now listed on Kraken with deposits and withdrawals enabled.

New dual-tier reward system offers 10x Powder multiplier for standard cmETH deposits and 30x for INIT users utilizing 3x leverage.

200M COOK tokens available as rewards through new Mantle Rewards Station staking program.

Strategic partnership with Hypurr introduces Double Adaptive Liquidity mechanism to boost early-stage projects and cmETH adoption.

New Pendle integration introduces YT cmETH and LP cmETH options, while TVL exceeds $940M to become 8th largest ETH staking protocol.

7M ago

Integration with EigenLayer, Karak, Symbiotic, and Veda adds multiple restaking reward layers across all platforms, while offering up to 91.5% LTV ratio through Morphobeat.

HyperEVM base layer launches with Mantle's cmETH integration, expanding protocol reach to include Mizu platform.

Mantle launches Scouts Program featuring 40 top investors and partners with Hypurr for Double Adaptive Liquidity, unlocking new ecosystem grants for early-stage teams.

New partnership between Mantle and HyperEVM expands cmETH integration across both networks, with 1.5M $MNT rewards program offering 10% APR over next month.

New multi-platform reward structure launches across Morphobeat, HyperSwap, and HypurrFi, offering up to 20x Powder points multiplier and additional protocol-specific rewards for cmETH activities.

cmETH captures 54%+ of HyperETH vault deposits and enables up to 91.5% LTV leverage through MorphoLabs, while dominating 80% of DeFi perpetual trading volume.

Bybit launches 3rd Mega Drop with 2M token pool distribution (50K for Launchpool, 1.95M for Super Drop), allowing BTC and USDT staking for token earnings.

New Hook strategies enable up to 50x leverage with ETH/mETH neutral exposure and USDT-based long cmETH positions

New creator incentive program distributes 10,000 $MNT in second week, while Restaking Alchemist program offers $1.5K in $cmETH to 50 winners before June 10 deadline.

HyperETH Vault reaches $10m+ TVL with cmETH representing 50%, now featuring EigenLayer and Karak restaking integration.

Stablecoin market cap grows 27% QoQ to $468.6M while data availability nodes expand from 10 to 200+; protocol announces transition from optimistic rollup to ZK validity rollup using Succinct's SP1.

INIT platform launches with borrowing and leverage features for mETH/cmETH through 1-click Looping Hooks.

New dual-rewards yield farming system launches on HyperEVM, offering leveraged cmETH strategies with 1.54% borrow APY and potential airdrops through Powder points and Hearts tokenomics.

New integration brings LST/LRT to Hyperliquid ecosystem through partnerships with MorphoLabs ($100M TVL) and HyperBeat yield aggregator

First Ethereum L2 achieves 15 MB/s throughput through Eigen DA integration, while development begins on crypto banking product similar to Revolut.

Consensys and Ethereum investors launch first Nasdaq-listed ETH treasury company with $425M investment into SharpLink, implementing MicroStrategy-style ETH accumulation strategy through SBET ticker.

New ZK integration with Succinct Labs reduces bridge finality time to one hour, delivering 168x improvement in bridging capabilities

New yield optimization strategy combines Pendle and Merchant Moe to deliver up to 19% APY on ETH, while comprehensive Bybit integration enables institutional access across multiple fiat currencies.

Season 3 farming launches with up to 40x rewards across multiple platforms, while Mantle Index Four receives backing from BlackRock and Apollo.

Republic Technologies becomes first public company to allocate treasury ETH holdings into liquid staking token, establishing institutional-grade precedent.

New isolated market for CMETH/UETH pairs launches with 80% LTV and redemption rate oracle integration.

Protocol has established 42 integrations and is launching institutional-grade products with Securitize.

Protocol reaches $2.19B TVL as 4th largest ETH staking protocol, with $700M in fixed-yield vaults and new Mantle Index integration.

Increasing ETH staking competition poses market share risk as Ethereum ecosystem expands.

Protocol vault reaches full capacity while offering 5.7% APY; multiple platform integrations provide up to 30% APY yield opportunities for cmETH.

Upcoming Pectra upgrade increases validator staking limit from 32 ETH to 2048 ETH, enabling significant scaling of protocol operations.

New staking opportunity: 3.4% APY on ETH with 10x reward multiplier during Methamorphosis Season 3.

Season 3 dubbed 'Methamorphosis' offers exclusive 'Restaking Alchemist' role to participants.

8M ago

Season 3 launches with $1500 reward pool and multi-chain DeFi opportunities for minimum 0.02 mETH stake until June 10th.

Fixed yield vault reaches 4.82% APY with 30K cmETH capacity seeing rapid fill rate.

Large holder exits position at $2.5K price point, converting holdings to CMETH.

Bybit integrates mETH with spot listing, L2 withdrawals, and yield products, expanding CEX accessibility and DeFi adoption channels.

Multiple yield products launched including Bybit On-Chain Earn and Fixed Yield Vault, targeting institutional adoption through simplified strategies.

New cmETH launches on Bungee with gas-free swaps and 3000 MNT rewards program.

New yield farming opportunity available through Mantle partners with 40x multiplier via Pendle and 30x via Merchant Moe for $COOK allocation, while Fixed Yield Vault reaches capacity.

New Bungee integration enables gas-free trading and seamless swaps, powered by Mantle.

cmETH Fixed Yield Vault approaches maximum capacity with 99.9% of public cap filled.

New institutional crypto index fund launches with $400M anchor investment and Coinbase roadmap inclusion for $MNT token.

Institutional infrastructure launches with fixed 2% yield vault for cmETH, while Bybit partnership enables up to 9.5% APR; integration with upcoming Mantle Banking and Tokenized Index Fund in progress.

Senior founding member exits operational role; continues as advisor with $4B+ treasury under management.

Two new staking options launch: high-yield active restaking with operator choice and low-risk passive vault yields.

MI4 establishes official partnership with Mantle ecosystem to develop crypto yield solutions.

New slashing mechanism goes live alongside two token types for active/passive restaking, backed by $55M+ institutional deposits.

Protocol maintains $700M+ TVL in ETH while trading at $7M market cap, indicating significant TVL/MC ratio disparity.

Fixed yield program on mETH Protocol nears capacity with 94% of 30k cap filled.

Fixed Yield Vault reaches 94% capacity offering 5% APR, while Season 3 launches with new 10% referral rewards program.

Protocol launches institutional-grade ETH liquid staking program with enhanced yield generation capabilities.

Fixed yield vault at 94% capacity offering +2% yield above staking returns for institutional investors.

New 180-day farming season launches with 10% referral rewards and HyperEVM vault integration through September 22nd.

High-risk alert: New mining protocol explicitly referenced as ponzi scheme with recruitment-focused messaging and unverified anti-whale claims.

9M ago

Yield farming and points accumulation available through Pendle Finance integration in Mantle ecosystem.