Build Your MNT Power and Earn $COOK on Mantle Rewards Station

08/19/243 min read

Mantleby Mantle

COOK

MNT

mETH Protocol

Build Your MNT Power and Earn $COOK on Mantle Rewards Station

Mantle Rewards Station has recently been revamped to offer a more user-friendly experience and greater flexibility, allowing users to earn Mantle Ecosystem rewards on their terms!

To showcase Mantle Rewards Station's latest features, we've created this guide to help users take full advantage of these updates and maximize their rewards.

Get $MNT

If you haven't acquired $MNT yet, visit the "Get $MNT" icon on Mantle Rewards Station. There, you can explore various ways to obtain $MNT and start using it to earn Mantle Ecosystem rewards.

Lock $MNT and Receive MNT Power

  • Navigate to Mantle Rewards Station and connect your wallet.

  • Enter the amount of $MNT you wish to lock and then select the lock-in period.

Users now have the option to lock their $MNT on Mantle Rewards Station for fixed periods. In return, they will receive a boost in MNT Power (MP), which they can delegate to reward pools. If users choose to lock their $MNT for a fixed period, they won't be able to withdraw their assets until the lock-in period has matured. However, those who opt for the "Flexible Unlock" option can withdraw their $MNT anytime.

Furthermore, Mantle Rewards Station now allows deposits in multiple batches to provide users with maximum flexibility. This means you can utilize both the flexible and fixed lock-in features at the same time. When a fixed lock-in period ends, it will automatically transition to a "Flexible Unlock."

Here's an example of how it works:

If user A locks 1,000 $MNT with "Flexible Unlock", 1,000 $MNT with a 50-day lock-in period, and 1,000 $MNT with a 300-day lock-in period, the total weighted would be 1000 + 1000 * 1.3 + 1000 * 3 = 5300 MP. The user will then be able to immediately allocate 5,300 MP into the ongoing Mantle Reward Station pools.

  • Users can check the amount of $MNT they have locked and their MNT Power on the Rewards Station homepage.
  • Select "Lock Status" to view a full breakdown.

Delegate MNT Power to Active Reward Pools and Accumulate Rewards

  • Once users have their MP, all they need to do is delegate it to their chosen reward pool and begin accumulating rewards.

Currently, since the mETH Protocol pool is the only active pool, all MP will automatically be assigned to it.

In the future, as reward pools become available simultaneously, users will need to manually allocate their preferred percentage of MP holdings to these pools to earn additional rewards.

Unlocking $MNT

The unlocking process is just as straightforward as the locking process.

  • Select the “Unlock” tab.
  • Enter the amount of $MNT you wish to unlock, then select “Unlock.”

Please note that users can only unlock the amount of $MNT, which is not currently subject to any fixed lock-in periods.

Reward Claim Process

  • Users can collect their rewards by selecting the "More Details" button on the rewards pool they wish to claim from, located on the Rewards Station homepage.

Note that users can only claim rewards from pools that are in their designated rewards claim period. This will be indicated on the homepage, where pools eligible for claiming will have a "Claiming" icon.

  • Select the "Claim" button to secure your rewards!

Lock Your $MNT Now to Earn $COOK

Join the next development stage of mETH Protocol and lock your $MNT on Mantle Rewards Station to earn your share of 200 million $COOK tokens.

Lock Now

Event Period

  • Start of Lock-in Period: July 15, 2024 12PM UTC
  • First Snapshot Date: July 16, 2024
  • Final Snapshot Date: Oct. 9, 2024

*Please note that the snapshots will be taken at random during the stated dates.

The start of the reward redemption period will be in line with the $COOK TGE. So stay tuned for updates on this over on Mantle’s X/Twitter.


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