mETH Protocol (COOK): Transforming Governance in Liquid Staking on Mantle Network
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Mantle Network (MNT) is one of the most innovative Layer 2 (L2) rollup solutions for the Ethereum (ETH) blockchain. In late 2023, the Mantle project debuted its mETH liquid staking and restaking protocol, which quickly became one of the most popular platforms for ETH staking and restaking. For nearly a year since its launch, the mETH protocol operated without a governance token of its own. The protocol's governance was largely influenced by the Mantle project and holders of its MNT token. However, the plans for mETH to have its own dedicated governance token were discussed as early as around the protocol's launch date.
Fast-forward to late October 2024, and the mETH protocol welcomed its governance asset — the COOK token. As of early November 2024, COOK is already available for eligible users to claim via several channels, including Bybit.
Key Takeaways:
mETH is a leading liquid staking and restaking protocol, both on the Mantle Layer 2 network and within the broader Ethereum ecosystem.
COOK, mETH Protocol's governance token, was introduced in late October 2024 to help give the user community a voice in the protocol's direction and core rules.