Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Mantle introduces mETH liquid staking protocol, expanding its Ethereum-based DeFi ecosystem

December 7, 2023
in Web3
Reading Time: 2 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



Mantle, the DAO-led web3 ecosystem, as we speak unveiled its Mantle Liquid Staking Protocol (LSP) as a key addition to the Mantle Ecosystem, providing customers a novel technique to interact with Ethereum’s proof-of-stake (PoS) validator community, in accordance with a press release shared with CryptoSlate.

The Mantle LSP is a permissionless and non-custodial Ethereum (ETH) liquid staking protocol, performing on Ethereum L1 and ruled by Mantle. It stands because the second core product of the Mantle Ecosystem, following the Mantle Community L2. Mantle posits that the introduction of Mantle Staked Ether (mETH), a value-accumulating receipt token, is a pivotal step of their protocol.

Mantle detailed that the genesis of Mantle LSP started with a proposal in a Mantle discussion board on July 14, 2023. Following the acceptance of the Mantle Governance Proposal MIP-25, the staking of Mantle Treasury ETH was sanctioned, resulting in the phased deployment of Mantle LSP. This course of culminated within the protocol’s full operational launch on Dec. 4, transitioning it right into a Permissionless Mode.

Mantle LSP distinguishes itself by providing immediate and sustainable rewards. Customers staking ETH obtain mETH, a token embodying their staked worth and accrued rewards, whereas additionally unlocking extra yield alternatives inside the Mantle Ecosystem. Mantle states that the ETH to mETH alternate fee is deterministically calculated, thus mitigating the affect of stake dimension on slippage. Moreover, mETH is accessible for commerce on numerous exchanges, with its pricing ruled by market dynamics.

Mantle emphasizes that their protocol underscores a dedication to person expertise, safety, and yield optimization. Mantle states its LSP contains a streamlined structure, specializing in the ETH to mETH conversion course of on L1, and avoids complexities related to different PoS tokens and chains. The protocol’s design incorporates strong threat administration methods, together with non-custodial core good contracts and off-chain providers that impose strict threat limits. Moreover, Mantle LSP’s safety framework includes dividing obligations amongst numerous roles, guaranteeing the safeguarding of staked ETH inside good contract addresses.

With the launch of Mantle LSP, Mantle intends to reinforce its DeFi choices by exploring the adoption of mETH throughout numerous functions inside its ecosystem and past. This enlargement goals to bolster the utility and effectivity of mETH, contributing considerably to Mantle’s progress within the DeFi area.

The broader Mantle ecosystem, anchored in Ethereum expertise, now contains the Mantle Community, an Ethereum layer 2 (L2) answer, Mantle Governance, a decentralized autonomous group (DAO), and Mantle Treasury, one of many largest on-chain treasuries. The ecosystem is facilitated by the Mantle token (MNT), which serves as a product and governance token.



Source link

Tags: DeFiEcosystemEthereumBasedExpandingIntroducesLiquidMantlemETHprotocolstaking
Previous Post

Forgotten Botticelli painting recovered by Italian police

Next Post

Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

Related Posts

Trump Blames Biden for Banks Blocking Crypto: ‘There Is a Lot of Debanking’
Web3

Trump Blames Biden for Banks Blocking Crypto: ‘There Is a Lot of Debanking’

June 28, 2025
Myriad Moves: Will Trump Drop Another F-Bomb? Plus Predictions on Ethereum and Wimbledon
Web3

Myriad Moves: Will Trump Drop Another F-Bomb? Plus Predictions on Ethereum and Wimbledon

June 26, 2025
Can AI Crack the Cat Code? Baidu Thinks So
Web3

Can AI Crack the Cat Code? Baidu Thinks So

June 25, 2025
XRP Ledger unveils update to challenge Ethereum’s dominance
Web3

XRP Ledger unveils update to challenge Ethereum’s dominance

June 25, 2025
Crypto Scam Markets Thrive Again After Telegram’s Cleanup Attempt: Report
Web3

Crypto Scam Markets Thrive Again After Telegram’s Cleanup Attempt: Report

June 24, 2025
This Week in Crypto Games: B3’s Self-Destruct PC, Avalanche Battle Pass
Web3

This Week in Crypto Games: B3’s Self-Destruct PC, Avalanche Battle Pass

June 22, 2025
Next Post
Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

Stani Kulechov Defied Crypto Winter

Stani Kulechov Defied Crypto Winter

How Stay-at-Home Moms Can Reignite Their Career and Re-enter the Workforce

How Stay-at-Home Moms Can Reignite Their Career and Re-enter the Workforce

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In