The Mantle DAO team has implemented a liquid staking protocol with expanded income-generating opportunities on the Ethereum mainnet.
In exchange for the ETH they contribute, Mantle LSP participants will receive Mantle Staked Ether (mETH) representing their stake. Activity within the protocol provides certain bonuses.
METH is an ERC-20 .
The initiative represents an expansion of the Mantle ecosystem following the launch of L2 network and the team's desire to offer an alternative to available LSD protocol solutions.
“Staking concentration reflects network effects through a feedback loop […]. By focusing on the adoption of mETH in LSDfi both within and outside the Mantle ecosystem, as well as its capital efficiency […], Mantle LSP intends to […] offer more options for users,” said Mantle Alchemist
Previously, Glassnode analysts assessed the impact of Lido Finance on Ethereum.
Let us recall that in September, the Mantle Network L2 integrated the USD Yield (USDY) stablecoin from Ondo Finance pegged to the US dollar.
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