Decentralized autonomous organization Mantle has launched a liquid staking protocol on the Ethereum blockchain. This protocol allows users to deposit ETH and engage in network staking while receiving Mantle-staked ether (mETH) as a token reflecting their stake. The protocol aims to address the concentration of ether stakes within major providers by offering an alternative solution through mETH adoption. Mantle’s strategic approach marks a pivotal development in the evolution of decentralized finance on the Ethereum network.

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Information Details
Geography Europe
Countries
Sentiment very positive
Relevance Score 1
People Jordi Alexander
Companies Coinbase, Mantle DAO, Mantle, Binance, Lido
Currencies Ethereum
Securities None

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