What is MeTH Protocol (COOK)? Liquid Staking Project on Mantle Network

What is MeTH Protocol?

MEth Protocol (formerly Mantle LSP) is a DeFi protocol that enhances liquidity for ETH holders through features for ETH liquid staking and ETH liquid restaking.

MEth Protocol, which has $1.67 billion in value locked down, is the largest DeFi project in the entire Mantle Network ecosystem. The Mantle side and the Bybit exchange are both launching multiple scoring programs that encourage users to use MeTH along with other DeFi projects.

Differences of MeTH Protocol

To be the largest project on the Mantle ecosystem, MEth Protocol has many highlights:

• A unified liquid staking/restaking token:The METH token acts as an index showing the interest rates of common liquid staking tokens (LST), helping users diversify interest sources and reduce risk.
• Capital efficiency: Increasing capital efficiency, CMeth and MeTH can both be used in leveraged strategies with DeFi projects.
• Omnichain: CMeth uses the LayerZero OFT standard, which provides additional convenience for users by allowing fast bridging between chains within minutes and without slippage.
• Two in one:Users can choose to hold MeTH or CMeth depending on the need for profit and risk. MeTH has no restaking risk, in return CMeth receives points from restaking protocols such as EigenLayer, Karak, Symbiotic...
• Positive contradiction: The project is supported by both Mantle Network and the exchange behind it, Bybit.

COOK Token Information

COOK Parameters

• Token Name: COOK
• Ticker: COOK
• Blockchain: Mantle, Ethereum
• Token Standard: ERC20
• Contracto: 0x9f0c013016e8656bc256f948cd4b79ab25c7b94d (Mantle)
• Token Type: Governance
• Total Supply: 5,000,000,000 COOK

COOK Allocation

The COOK token allocation is divided into parts:

• MeTH Protocol Community: 60%
• Mantle Reserve Fund: 30%
• Core Contributor Team: 10%

COOK Unlock Calendar

Currently, the majority of token allocations to reserve funds and communities have not been decided on a use case.

Part of the token for the MeTH Protocol community is 100% unlocked at the time of TGE. The only token portion currently vesting is Core Team, which will begin to unlock gradually on October 30, 2025.

Uses of COOK

COOK is primarily used for administrative purposes, participating in decisions about the orientation of the MeTH Protocol.

In addition, a portion of COOK is also used as a reward to encourage users through programs on Mantle such as Methamorphosis and Mantle Reward Station.

See also: How to optimize returns when holding Mantle (MNT)?

MEth Protocol Project Team

MeTH Protocol was formerly Mantle LSP — a liquid staking product offshoot of Mantle. The project did not disclose team member details, but it can be understood that this is a team directly related to Mantle.

MeTH Partners

The project has a variety of partners across different fields including:

• Staking Node Operators: Stakefish, A41, Blockdemon...
• Vault Tech: Goodbye, ITB...
• Restaking Protocols: EigenLayer, Symbiotic, Karak
• Auditors: Hexens, Secure3, MixBytes, Verilog, Quantstamp...

Project Info Page

• Website: https://www.mantle.xyz/meth
• X (Twitter): https://x.com/mETHProtocol