Mantle will release the status quo when you hold non-custodial liquid ETH

Decentralized autonomous organization (DAO) Mantle has launched a permissionless liquidity staking protocol on the Ethereum mainnet. The opening aims to expand liquidity solutions beyond the established providers such as Lido and Rocket Pool that currently control Ether stakes.

Main points

Mantle has launched a non-custodial escrow protocol on the Ethereum mainnet. The protocol allows users to hold ETH and receive mETH tokens that represent their stake. $470M The Treasury plans to raise some of that for adoption.

The protocol allows users to pay ETH when they receive mETH tokens that represent their stake. As a liquid derivative, mETH unlocks accumulated capital for use in DeFi or other protocols while still earning high rewards and securing the beacon chain.

By freeing up locked-up value, Mantle seeks to reduce barriers to participation in deals while bypassing centralized intermediaries. The project chose to use a portion of its $470 million fund through the protocol to boost mETH adoption.

???? Introducing Mantle Core Product: Mantle LSP, the permissionless, non-guardian ETH liquid stack protocol!

Get your hands on $mETH, a value-capturing receipt token that unlocks expanded production possibilities.

???? Check out the API: pic.twitter.com/Lw7upiRS5V

— Mantle (@0xMantle) December 4, 2023

“The focus of ETH staking is a result of network effects,” said Jordy Alexander, Chief Alchemist of Mantle. “With METH adoption focusing on LSDFI in the Mantle ecosystem and beyond…Mantle LSP intends to be part of the solution by creating more options for users.”

Mantle was released in early 2023 from the integration of the BitDAO developer team and the middleware protocol Parmi. Beyond the layer-2 scale of the Mantle network, Liquid Staking is a dual infrastructure pillar aimed at greater decentralization.

Supporting the third largest treasury initiative and emphasizing the integration between mETH and Mantle's Layer-2, Mantle LSP provides a secure way to acquire a stake in liquid reserves. Already firmly entrenched in architectural development, Mantle could now use its technical expertise and well-capitalized position to push for a new standard of triple-digit space measured in ether deposits.

If a qualified user's experience with off-chain and protocols is encouraging for mETH, Mantle may emerge as the next viable option to acquire Ethereum stock without completely giving up control or liquidity.