Mantle offers ‘mETH’ to the masses, as a ‘lighter weight Lido’

After nine months in development, Ethereum layer-2 network Mantle has launched its second core product, Mantle Liquid Staking Protocol (LSP).

This new protocol, deployed on Mantle and Ethereum mainnet, introduces a non-custodial and permissionless ether liquid staking solution, Mantle Staked Ether (mETH).

METH acts as a value-accumulating receipt token within the Mantle LSP, very similar to Lido’s staked ether (stETH). Mantle aims to achieve the highest sustainable core yield by exploring maximal extractable value. It also shares yield from the Mantle treasury, according to a statement released Monday.

The idea for mETH came from Mantle “alchemist” Jordi Alexander, chief…

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