Staking · Liquid Staking · mETH
Mantle Staked Ether (mETH) is a non-rebasing liquid staking token that is the staking backbone of the Mantle ecosystem, accruing ETH staking rewards.
L2-ecosystem ETH liquid staking.
mETH price
$2056.49
-0.7% 24h
Latest data · 15 min delay
mETH, cmETH, BoringVault, PositionManagers and oracle are on-chain contracts. Audits across releases surfaced HIGH/MEDIUM/LOW findings (e.g. the MixBytes review reported 3 HIGH, 4 MEDIUM, 7 LOW, all acknowledged or fixed); residual bug/exploit risk remains.
mETH is a reward-bearing claim on staked ETH whose secondary-market price can trade below its intrinsic ETH exchange rate during stress or thin liquidity; cmETH adds a second wrapping layer that can decouple from mETH.
cmETH routes principal into third-party restaking protocols (EigenLayer, Symbiotic, Karak) and their AVSs, exposing holders to those external protocols' operator, slashing and contract failures beyond Mantle's control.
Underlying yield depends on Ethereum PoS validator performance; validator downtime or slashing reduces mETH's exchange rate, and unstaking is subject to Ethereum's exit queue plus protocol withdrawal delays.
mETH Protocol is governed by Mantle with COOK as its governance token and a large treasury/contributor allocation; concentrated voting power and treasury control could steer parameters against some stakeholders.
The mETH exchange rate relies on an oracle (separately audited); faulty or manipulated oracle updates could misprice mETH for mint/redeem and downstream DeFi integrations.
