Introducing Mantle Staked ETH, a Liquid Staking Protocol Built on Mantle LSP

Mantle Staked ETH represents a sophisticated approach to Ethereum staking, leveraging Mantle LSP, a permissionless and non-custodial liquid staking protocol on Ethereum's Layer 1.

output: Liquid staking is quickly becoming one of the most interesting trends in Web3. While there are now a host of protocols offering this service, they are usually deployed on Layer 2s, which might limit adoption.

Aiming to expand the use cases of LSPs (Liquid Staking Programs), Mantle has launched its own liquid staking protocol on Ethereum's Layer 1.

The protocol, which is permissionless and non-custodial, is designed to be used for efficient capital deployment and optimal adoption.

Those who want to stake ETH via the Mantle Protocol will need to connect their wallets, which can be MetaMask, WalletConnect and more. The minimal staking amount is 0.02 ETH, and users will need to pay attention to gas fees. The exchange rate between ETH and mETH is calculated deterministically, and it’s updated every eight hours.

To unstake, users will need to go to the ‘Unstake’ tab, input the amount of mETH they wish to unstake and approve the transaction. The minimal unstaking amount is 0.01 ETH. It may take a few minutes to unstake and a few days to claim the ETH.

Here are some of the main features of Mantle Staked ETH:

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Innovative Liquid Staking Solution

Mantle Stakes ETH combines the benefits of traditional ETH staking with the liquidity and capital efficiency of DeFi. It offers a high and competitive APY of 7.2%, which is significantly higher than the market average for liquid staking protocols.

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User-Friendly Experience

The platform is designed with the user in mind, offering an intuitive interface and seamless integration with popular wallets like MetaMask and WalletConnect. It also provides complete transparency with regular updates on the ETH/mETH exchange rate and clear guidance on the staking process.

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Uncompromising Security

Operated in a non-custodial manner, Mantle places a strong emphasis on asset security with robust risk management practices. The protocol is further secured through partnerships with Tier 1 Node Operators, who ensure the optimal performance and reliability of the validation process.

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Community and Governance

Mantle is committed to community engagement and offers an extensive FAQ section and a community forum for users to interact, share knowledge and collaborate. The Mantle Governance DAO also allows token holders to participate in key decisions regarding the platform's development and future direction.

As one of the first protocols to launch an LSP on Ethereum's Layer 1, Mantle is pushing the boundaries of DeFi innovation.

Its combination of high APY, user-friendly features and robust security makes it a compelling choice for both new and experienced cryptocurrency investors interested in maximizing their ETH holdings.

Those who join the promotional program will enjoy an even higher APY, while the potential post-promotion rates are also competitive and align well with current market offerings.