Mantle Staked Ether (METH)

Liquidity and Yield

Mantle Staked Ether allows users to stake their Ethereum (ETH) and receive a liquid staking token called mETH. This token represents their staked ETH plus rewards and can be traded or used in decentralized finance (DeFi) applications to earn more income.

Staking and Network Participation

It enables pooling of ETH deposits to participate in Ethereum’s proof-of-stake network, helping users earn staking rewards while keeping their assets liquid.

DeFi Integration

mETH can be used within the Mantle ecosystem and other DeFi platforms, allowing holders to engage in various financial activities without losing staking benefits.

Capital Efficiency and Decentralization

The protocol is permissionless and non-custodial, meaning users keep control of their assets. It aims to improve capital efficiency and reduce concentration of ETH staking among a few providers.

Pros

• Offers a high annual percentage yield (APY) for staking, which is above the market average, helping users earn more rewards.
• Operates as a permissionless and non-custodial liquid staking protocol, meaning users keep control of their assets.
• Uses Optimistic Rollup technology to improve Ethereum network scalability, reducing congestion and lowering transaction fees.
• Provides a user-friendly and intuitive staking experience suitable for both beginners and experienced users.
• Supported by a governance DAO, allowing token holders to influence platform decisions.

Cons

• Relatively new, launched in mid-2023, so it is still developing and growing its ecosystem.
• Initially relies on a centralized sequencer node controlled by the core team, which may affect decentralization and censorship resistance.
• Post-promotion APY rates may decrease, so long-term returns could be lower than initial offers.
• As with all staking, tokens may be locked for some time, limiting immediate access or trading flexibility.

Founders and Origin

Mantle Staked Ether is part of the Mantle Network, which was created by BitDAO. The founders of BitDAO are Ben Zhou and Daniel Yan, who are also co-founders and executives of Bybit.

Key Individuals

Jordi Alexander, the chief information officer at Selini Capital, is credited with the idea behind Mantle Staked Ether, describing it as a lighter, more modern version of Lido's staking solution.

Governance

Mantle Staked Ether is governed by Mantle DAO, a community-driven organization where decisions are made by token holders rather than a single founder or team.

For more details, visit the official project pages linked through crypto data platforms.

Institutional Investors

Mantle Staked Ether is supported by institutional investors through projects like the MI4 Institutional Index Fund, which includes liquid staking tokens such as Mantle Staked Ether. This fund targets regulated, professional investors seeking diversified crypto exposure.

Individual and Retail Investors

Many individual investors participate by staking Ethereum through Mantle’s Liquid Staking Protocol, receiving Mantle Staked Ether tokens in return. These users range from casual crypto holders to active DeFi participants.

DeFi and Crypto Ecosystem Participants

DeFi users and liquidity providers engage with Mantle Staked Ether as part of the Mantle Liquid Staking Protocol, which pools ETH deposits to generate staking rewards. This group includes developers, traders, and yield seekers within the Ethereum ecosystem.

Project and Treasury Support

Mantle itself subsidizes staking rewards to boost yields and attract more investors, using its own treasury and staked Ether to support the protocol’s growth and liquidity.

For more details, visit the official Mantle website or their project pages on crypto data platforms.

Halal Status

Yes, Mantle Staked Ether is generally considered halal. It operates as a liquid staking token on the Ethereum network, allowing users to earn rewards by participating in Ethereum’s proof-of-stake system, which is often compared to earning rental income rather than interest.

Reasoning

The project is designed to be Shariah-compliant by avoiding interest (riba) and promoting ethical participation in blockchain validation. It functions transparently and aligns with principles similar to earning from property leasing rather than lending with interest.