mETH Protocol: How to Get $mETH
08/27/243 min read
by Mantle
COOK
DeFi
mETH
mETH Protocol
Start your mETH Protocol journey, get $mETH now, and take advantage of yield-bearing opportunities, along with additional rewards available to holders.
In this guide, we'll cover how users can:
- Stake ETH on mETH Protocol in exchange for $mETH
- Swap assets on Mantle DEXs for $mETH
- Buy $mETH directly on selected CEXs
- Bridge $mETH to Mantle Network Mainnet
(1) Stake ETH To Receive $mETH Using mETH Protocol
Step 1
- Get started by heading to mETH Protocol homepage and connecting your wallet.
Multiple wallet integrations, including MetaMask, WalletConnect, Bybit Wallet, Binance Web3 Wallet, and more, are supported.
Step 2
- Enter the amount of ETH you'd like to stake and ensure you have sufficient funds in your connected wallet. Please note the minimum amount of ETH for staking is 0.02 ETH.
- Then choose either "Stake and Bridge" or "Stake".
If users choose to "Stake and Bridge," their $mETH will be available on Mantle L2, allowing them to earn additional rewards. If they decide to "Stake" only, their $mETH will be available on Ethereum L1.
Step 3
- Check the amount of $mETH you'd be getting in return and the associated transaction cost.
- Confirm by selecting "Stake."
Step 4
For first-time stakers, you will be asked to add $mETH to your wallet after the transaction is confirmed. Click on the "Add mETH to Wallet" button and confirm the addition of the token to your wallet when prompted.
If you decide to "Stake and Bridge," you'll need to complete the following steps:
- Select a custom spending cap to bridge your funds to Mantle Network.
- Complete the bridging process by confirming the bridging transaction and paying the associated gas fees.
Gas Fees Reminder: You will need ETH on L1 as gas fees to deposit your tokens from Ethereum Mainnet onto Mantle Network.
That's it! After completing those steps, your $mETH will then be available to use within Mantle Ecosystem.
(2) Swap assets on Mantle DEXs for $mETH
Users can also get their hands on $mETH through swaps on Mantle DEXs like Merchant Moe, FusionX, Vertex, 1delta, Swapsicle, TsunamiX and iZUMi Finance. Each platform offers a seamless user experience, making it easy for anyone to take advantage of their swap features.
Step 1
- Head over to your preferred DEX and connect your wallet.
- Navigate to the "Trade" or "Swap" tab.
Step 2
- Choose the asset you wish to swap out of, then select $mETH as the asset you want to swap into.
Step 3
- Enter the amount you want to swap, then confirm the transaction by selecting "Swap."
The swap will be complete once you confirm the transaction in your chosen wallet. Users can then utilize $mETH throughout Mantle Ecosystem.
(3) Trade $mETH on CEXs
$mETH is also available to trade on selected CEXs such as Bybit.
Check out these trading pairs to get your $mETH now.
mETH/USDT mETH/ETH(4) Bridge $mETH to Mantle Network Mainnet
Now that you know how to get $mETH, it's also important to note how to bridge your $mETH to Mantle Mainnet. Users who hold $mETH on Mantle L2 can enjoy additional rewards, including accumulating Powder and EigenLayer Points. Don't miss out on this opportunity and the potential for future $mETH incentives on Mantle L2.
Step 1
- Visit the official Mantle Mainnet Bridge and connect your wallet.
Step 2
- Ensure you are bridging from Ethereum and to Mantle.
- Select $mETH as the asset you wish to bridge from the dropdown menu.
- Enter the amount you wish to bridge.
Step 3
- Select "Review Deposit".
- Confirm the amount to deposit, gas fee to transfer, and the time to transfer.
- Select "Deposit".
Step 4
- Once this is complete, users will be greeted with the "Deposit complete" pop-up confirming that your $mETH is now available for use across Mantle Ecosystem.
And that’s a wrap! Now you have all the resources you need to get $mETH and utilize it across Mantle Ecosystem and take advantage of yield-bearing opportunities and earn additional rewards!