To kick off the next growth phase of Mantle LSP, we recently introduced Season 1: Methamorphosis. This initiative allows $mETH holders to start COOK'in on Mantle as they embark on their journey to accumulate Powder rewards, which will eventually be convertible to $COOK, the future governance token for Mantle LSP.

We're thrilled to bring users a wider variety of Methamorphosis partners, spanning applications on both layer 1 (L1) and layer 2 (L2), giving $mETH holders the ultimate freedom to take part in Season 1: Methamorphosis. To provide you with a helping hand on this journey, we've put together a quick guide to walk users through some ways you can start earning Powder right away.

How to Get mETH

• Stake your $ETH on Ethereum L1 for $mETH on Mantle L2 here.
• Swap funds on Mantle L2 on our ecosystem DEXes (Merchant Moe, Agni, ODOS). Refer here for the full list of ecosystem dApps.

Earn Powder on Mantle L2

Incentivized Liquidity Pools

Provide liquidity to selected pools to earn Powder on Mantle L2. All that $mETH holders have to do is head over to any of the participating liquidity pools to earn Powder.

The good news is that providing liquidity into liquidity pools on Mantle Ecosystem dApps is a very user-friendly experience. Take Merchant Moe, for example — the entire process is completed within a few clicks.

1. Connect your wallet.
2. Enter the amount of $mETH you wish to offer as liquidity.
3. Accumulate protocol rewards and Powder.

Here's a complete list of liquidity pools on Mantle L2 that are offering Powder rewards:

• Provide liquidity for mETH/USDT in Merchant Moe - 40x Powder/Day
• Provide liquidity for mETH/USDe in Merchant Moe - 40x Powder/Day (with bonus Sats!)
• Provide liquidity for mETH/USDT in Agni - 40x Powder/Day
• Provide liquidity for mETH/USDT in FusionX - 40x Powder/Day
• Provide liquidity for mETH/USDT in Cleo Exchange - 40x Powder/Day
• Provide liquidity for mETH/USDT in iZUMi - 40x Powder/Day
• Provide liquidity for mETH/USDT in Beefy - 40x Powder/Day
• Provide liquidity for mETH/USDT in Teahouse - 40x Powder/Day
• Provide liquidity for mETH/WETH in Merchant Moe - 30x Powder/Day
• Provide liquidity for mETH/WETH in Agni - 30x Powder/Day
• Provide liquidity for mETH/WETH in FusionX - 30x Powder/Day
• Provide liquidity for mETH/WETH in Cleo Exchange - 30x Powder/Day
• Provide liquidity for mETH/WETH in Swapsicle - 30x Powder/Day
• Provide liquidity for mETH/WETH in iZUMi - 30x Powder/Day
• Provide liquidity for mETH/WETH in Beefy - 30x Powder/Day
• Provide liquidity for mETH-WETH CLM Pool in Beefy - 30x Powder/Day
• Provide liquidity for mETH/WETH in Teahouse - 30x Powder/Day
• Provide liquidity in Tsunami - 20x Powder/Day
• Deposit mETH/WETH in mETH/WETH LP Pool of Circuit - 20x Powder/Day

Please note that Powder is rewarded to the combined liquidity value of mETH and USDT within a specific percentage range of the mETH market price at the time of the snapshot. This percentage threshold varies for different liquidity pools so please make yourself aware of the threshold before providing liquidity. All details can be found on the Mantle LSP campaigns page.

Deposit on Mantle L2 Applications

Apart from the liquidity pools mentioned above, we have many more partnering protocols offering Powder rewards on Mantle L2. Deposit $mETH into one of the following strategies to earn Powder and additional APY.

Deposit mETH in INIT Capital - 20x Powder/Day

1. Follow the following steps to earn Powder on INIT Capital.
2. Connect your wallet.
3. Select the amount of $mETH you wish to lend.
4. Accumulate protocol rewards and Powder.

Note that users have the opportunity to earn up to 100x Powder using $mETH looping hook on INIT Capital. Open a leveraged $mETH position by depositing ETH or $mETH, and enhance your Powder earnings.

Deposit mETH in Vertex - 20x Powder/Day

1. Connect your wallet.
2. Select $mETH lending page.
3. Enter the amount of $mETH you'd like to lend.

• Deposit mETH in Karak - 20x Powder/Day
• Deposit mETH in Lendle - 20x Powder/Day
• Deposit mETH in Lendle Pool of Beefy - 20x Powder/Day
• Deposit mETH in Stargate - 20x Powder/Day
• Deposit mETH in Native Lend - 20x Powder/Day
• Deposit mETH in Aurelius - 20x Powder/Day
• Deposit mETH in Dolomite - 20x Powder/Day
• Deposit mETH in Lendle Pool of Circuit - 20x Powder/Day
• Deposit mETH in Minterest - 20x Powder/Day
• Borrow WETH against mETH in Timeswap - 20x Powder/Day
• Deposit mETH in Gravita - 20x Powder/Day

L2 Wallet holdings

Users will also accumulate 10 Powder per day for each $mETH held on Mantle Network L2. Visit the Mantle Ecosystem dApp page for a complete list of wallets on Mantle.

Visit Mantle LSP to get $mETH now.

Stake Here

Earn Powder on L1 Applications

• Deposit mETH in EigenLayer - 5x Powder/Day
• Deposit mETH in Karak - 5x Powder/Day
• Deposit mETH in Symbiotic - 5x Powder/Day
• Deposit mETH in Zircuit - 5x Powder/Day
• Deposit mETH in Fuel - 5x Powder/Day

Referral Program

The Methamorphosis Referral Program enables users to earn additional Powder by referring users, offering an excellent opportunity to boost your rewards! A leaderboard will soon be introduced to track and display rankings.

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For all the latest updates regarding Season 1: Methamorphosis and additions of applications that you can earn Powder on, follow Mantle on X/Twitter and also refer to the Mantle LSP campaigns page. Your earned Powder is also most accurately displayed on the page.

Feel free to ask any questions within Mantle's Discord; our team will be happy to answer any queries.