A Restaker's Guide to $cmETH
11/01/243 min read
by Mantle
COOK
cmETH
mETH
mETH Protocol
Restake your $mETH for $cmETH today to earn staking yields, access yields across multiple restaking protocols via risk-adjusted vault strategies, and accumulate Powder for $COOK rewards under Season 2: Methamorphosis — all while retaining the flexibility to leverage $cmETH across DeFi integrations within Mantle Ecosystem for even greater rewards.
Restake $mETH HereAs one of Ethereum's largest liquid staking and restaking platforms, mETH Protocol has quickly risen in the ranks. In under a year, its liquid staking token, $mETH, has become the 4th largest ETH LST, reaching a peak TVL of $2.19 billion. With $cmETH, mETH Protocol continues to develop, entering the restaking sector and offering users access to new yield-bearing opportunities.
Get Cookin' With $mETH: The First Ingredient
To begin restaking, you'll first need to obtain $mETH. Check out our step-by-step guide here for everything you need to get started with $mETH. Once you're set with your $mETH, follow this guide to launch your restaking journey.
Stake ETH To Receive $mETHFrom $mETH to $cmETH: A Complete Restaking Guide
Step 1
- Visit mETH Protocol and select the "Restake" option from the navigation menu on the left.
- Then, connect your wallet by clicking "Connect Wallet."
mETH Protocol supports a number of wallets including MetaMask, Bybit Wallet, Binance Web3 Wallet, OKX Wallet, and more.
Step 2
- Enter the amount of $mETH you want to restake.
- Next, select either "Restake and Bridge" or "Restake Only" based on your preference.
Step 3
- Confirm the amount of $cmETH you'd be getting in return and associated transaction costs.
- Select "Restake."
Step 4
- Users will need to approve the following transactions:
- Approve mETH spending on the restaking contract.
- Confirm mETH spending approval to enable restaking.
Users who chose "Restake and Bridge" will need to complete the following steps to bridge $cmETH to Mantle Network.
- Approve the bridge contract to spend your $cmETH by selecting the "Approve Transfer (1 of 2)" button.
- Confirm the final bridge transaction by selecting "Bridge (2 of 2)" to complete the transfer of $cmETH to Mantle Network.
After confirming these transactions, a pop-up will appear confirming that the restaking process is complete. You'll then be prompted to add $cmETH to your wallet and bridge $cmETH to Mantle Network if desired.
Alternatively, users can use the handy "Bridge" tool located on the navigation menu on the left to bridge their $cmETH and $COOK to Mantle L2.
How to Unstake $cmETH
Step 1
- Select the "Unstake" tab.
- Enter the amount of $cmETH you wish to unstake.
- Click "Approve and Unstake."
Step 2
- Approve the relevant transactions.
- Then, select "Unstake."
- Complete the process by confirming the transaction details and covering the associated transaction cost.
Step 3
Once complete, you’ll need to wait for the 8-hour claim period to finish. After this period, head to the claim page to retrieve your $mETH.
Please note: Users have 60 days to claim their funds. If a withdrawal is not made within this timeframe, the unstaking process will need to be restarted.
This completes the guide to restaking! Now you have everything you need to begin restaking, participate in Season 2: Methamorphosis, and grow your $COOK holdings. Visit the Season 2: Methamorphosis campaign page for all the resources you'll need. To stay updated on everything mETH Protocol, be sure to follow the official mETH Protocol account on X/Twitter.