Mantle rolls out liquid staking protocol on Ethereum mainnet | Headlines | News | CoinMarketCap
12/04/2023 17:22
DAO-led blockchain developer Mantle has launched a liquid staking protocol on the Ethereum mainnet. The protocol will allow users to deposit ETH and …
The Block23 minutes ago
Ethereum
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Published on December 04, 2023 09:59 GMT+00:00edited on December 04, 2023 10:04 GMT+00:00
DAO-led blockchain developer Mantle has launched a liquid staking protocol on the Ethereum mainnet.
The protocol will allow users to deposit ETH and participate in network staking through validator nodes. Originating from a proposal in the Mantle governance forum in July 2023, the protocol allows users to stake ether and receive Mantle-staked ether (mETH) as a token representing their stake.
Governed by the Mantle decentralized autonomous organization, the protocol represents Mantle’s expansion following its deployment of a Layer 2 network.
Mantle began rolling out the liquid staking protocol (LSP) mainnet contracts in a restricted alpha phase in early October. The project has since moved to a permissionless phase, widening access and participation.