mETH Protocol
Track Your DeFi Wallet
Import your wallet to see all positions across 50+ chains
Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About mETH Protocol
A permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
mETH Protocol tokenomics and on-chain capital
mETH Protocol's governance or utility token carries a market capitalisation of $3.1M based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($3.1M) is small relative to deposits secured by the protocol ($687.3M); a mcap/TVL multiple of 0.00× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
mETH Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Dec 4, 2023Listed on DeFiLlama
Protocol Profile
mETH Protocol is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
mETH Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap ($3.1M) is small relative to TVL ($687.3M) — a mcap/TVL ratio of 0.00 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for mETH Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Liquid Staking protocols on Mantapex
mETH Protocol is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Lido, Binance staked ETH, Rocket Pool, and 3 more. These peer protocols collectively secure $35B in deposits, giving you a frame of reference for whether mETH Protocol's own TVL is at the top, middle, or tail of the category.
Treasury
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| meth-protocol | METH | 2.17% | $682.5M |
Recent mETH Protocol news
Latest reporting from major crypto news outlets covering mETH Protocol.
- Crypto news
mETH Protocol slashes ETH exit times with Aave-powered buffer pool
mETH Protocol launches a Buffer Pool using Aave's ETH market to process ETH redemptions in about 24 hours, aiming to unlock institutional demand for liquid restaking.
- Cryptopolitan
mETH Protocol and Tether lead campaign to freeze Bybit hacker's bounty
The cryptocurrency space was ripe for a black swan event, and one promptly presented itself with the $1.4 billion Bybit hack. However, unlike previous debacles that led to…
- The Block
mETH Protocol announces $43 million recovery from Bybit hack, while Tether freezes $181,000
The recovery marks the most significant recovery from a Lazarus Group attack since $30 million was clawed back from the Ronin bridge hack.
- Coingape
Ethereum Layer 2 Mantle Renames Liquid Staking Protocol To mETH
Mantle, an Ethereum Layer 2 network, has changed the name of its liquid staking protocol from Mantle LSP to mETH Protocol. This follows the increased use of $mETH token, a liquid…
- Crypto Economy
Mantle Recaps its 2024 and Unveils Ambitious Plans for Next Year
TL;DR Mantle closed 2024 with a record TVL of $2.36 billion and established the mETH protocol as the fourth-largest liquid staking protocol for ETH. The Scouts Program will return…
- CryptoSlate
Mantle introduces mETH liquid staking protocol, expanding its Ethereum-based DeFi ecosystem
Mantle, the DAO-led web3 ecosystem, today unveiled its Mantle Liquid Staking Protocol (LSP) as a key addition to the Mantle Ecosystem, offering users a novel way to engage with…
- Blockonomi
Mantle Rolls Out Non-Custodial Liquid ETH Staking to Disrupt Status Quo
Mantle has launched a permissionless non-custodial liquid staking protocol distributing mETH tokens allowing Ethereum stakers to free up capital while earning rewards, now staking…
- Benzinga
Terra's Mirror Protocol Suffers Another $2M Exploit
Mirror Protocol, a DeFi application built on the Terra (CRYPTO: LUNA) blockchain, has seen $2 million in user funds drained over the weekend thanks to a pricing error. What…
Related protocols
Other DeFi protocols connected to mETH Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Liquid Staking protocols
Top protocols on Ethereum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
Your Crypto Portfolio — Free Forever
Paste any wallet to see tokens, DeFi & NFTs across 50+ chains. Add exchanges, Polymarket & Kalshi anytime — all in one portfolio.