- Mantle Staked Ether (mETH) is gaining rapid traction in DeFi, offering double the yield of competitors and poised for TVL growth.
- The rise of liquid staking tokens (LSTs) like mETH revolutionizes ETH staking, making it accessible and profitable.
- DeFi’s dynamic nature is exemplified by mETH’s ascent, showcasing the sector’s limitless potential for investors and enthusiasts.
Mantle Staked Ether (mETH) is rapidly becoming a standout player in the world of decentralized finance (DeFi). As highlighted by Tom Wan, a prominent blockchain figure, with a remarkable 24% growth in just the past week, mETH has surged to become the 5th largest liquid staking token (LST), boasting an impressive total value locked (TVL) of $637 million.
As noted by Wan, what truly sets mETH apart from its competitors is its ability to provide double the yield offered by other liquid staking tokens, with a remarkable 7.2% yield for mETH stakers. This yield is achieved through unique features, including distributing stETH rewards within the Mantle Treasury, sharing miner extractable value (MEV), and priority fees.
Nevertheless, the most exhilarating prospect on the horizon for mETH is the …
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