Since late 2023, mETH Protocol, which is deployed on Ethereum layer 1 (L1) and governed by Mantle, has provided users with access to mETH, a value-accumulating receipt token that is highly composable across a range of DeFi applications on Mantle Network L2, offering exposure to additional yield-bearing opportunities. Users stake ETH with the mETH Protocol to get yield-bearing mETH, then unstake $mETH to retrieve the original staked ETH and accumulated rewards. With the launch of $cmETH, a permissionless, composable liquid restaking token that unlocks restaking opportunities on Mantle, and $COOK, the protocol's future governance token, the mETH Protocol enters a new phase with increased offerings.
You can view, swap, send and receive cmETH tokens directly from your MEW Wallet. To receive your cmETH tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the cmETH token information page. You can send your cmETH tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your cmETH tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.