GateLive AMA Recap-mETH Protocol

2024-11-01, 05:39

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![](https://gimg2.gateimg.com/image/article/1730439511cook.png)
## Q1. What is mETH Protocol, and what’s its significance with Mantle?
The mETH Protocol is a permissionless, non-custodial ETH liquid staking protocol launched on <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> L1 and governed by Mantle. Designed with a simple, modern structure and robust risk management, it utilizes Mantle’s resources to offer a rewarding experience and reinforce Mantle's position as a yield powerhouse. Mantle Staked Ether ($mETH) is the Protocol's value-accumulating token, representing the second major product in Mantle's on-chain ecosystem. The Mantle Ecosystem includes Mantle Network (Ethereum Layer 2), Mantle Governance (DAO), Mantle Treasury, and mETH Protocol—all built on Ethereum.

## Q2. What’s the difference between mETH, COOK, and cmETH tokens?
$mETH is the value-accumulating token of mETH Protocol; COOK serves as its governance token, available on exchanges. cmETH, recently introduced, is a liquid restaking token that represents the next growth stage of the Protocol.

## Q3. What are the future plans for the governance token COOK, in terms of utility and potential collaborations?
COOK’s potential is vast. Prior to its TGE, COOK has been issued through yield initiatives, and more are anticipated. Season 2 of Methamorphosis introduces diverse integrations within the Mantle Ecosystem, enabling users to earn COOK and other rewards.

## Q4. Why have LSTs and LRTs been so successful this year, and what further growth can we expect?
These tokens allow users to gain additional yield on their ETH while leveraging restaked ETH positions in other DeFi protocols. Restaking is among 2024’s fastest-growing DeFi areas, and cmETH, with its composable vault structure, aims to capture this growth.

## Q5. What’s new in Season 2 of Methamorphosis following the successful Season 1?
Season 1 saw $mETH’s TVL grow by 12.5%, reaching $1.21B across Ethereum and Mantle Network, and a 125% increase in $MNT locked at Mantle Rewards Station, totaling 148M. With a diverse range of DeFi integrations supporting mETH in Season 1, Season 2 is expected to expand on this yield generation and integration support.

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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