Mantle, a web3 ecosystem led by a decentralized autonomous organization (DAO), has introduced its Mantle Liquid Staking Protocol (LSP) as a new addition to its Ethereum-based DeFi ecosystem. The LSP is a permissionless and non-custodial protocol that allows Ethereum stakers to receive mETH, a value-accumulating receipt token, in return for their staked ETH. This enables users to unlock additional yield opportunities within the Mantle Ecosystem. The exchange rate between ETH and mETH is deterministically calculated to mitigate the impact of stake size on slippage. The mETH token can be traded on various exchanges, with its pricing governed by market dynamics. Mantle emphasizes its commitment to user experience, security, and yield optimization, with a streamlined architecture and robust risk management strategies. With the launch of the LSP, Mantle aims to enhance its DeFi offerings and explore the adoption of mETH across various applications within its ecosystem and beyond. The broader Mantle ecosystem includes the Mantle Network, an Ethereum layer 2 (L2) solution, Mantle Governance, and Mantle Treasury, which is one of the largest on-chain treasuries. The ecosystem is facilitated by the Mantle token (MNT), which serves as a product and governance token.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | Ethereum, Mantle Network, Mantle, Mantle Governance, Mantle Treasury |
| Currencies | Ethereum, Mirrored Ether, Mantle |
| Securities | None |
