Season 1: Methamorphosis Spotlight #3 — Binance Web3 Wallet

08/15/243 min read

Mantleby Mantle

COOK

DeFi

mETH Protocol

Season 1: Methamorphosis Spotlight #3 — Binance Web3 Wallet

Stake at least 0.02 $ETH for $mETH on Mantle Network or Ethereum network via mETH Protocol using your Binance Web3 Wallet to grab your share of a 2,500,000 $COOK prize pool!

Stake Here

Event duration:

Aug. 8, 2024 - Aug. 22, 2024

How To Participate

To get started:

  • Users must have an existing Binance Web3 Wallet or set one up to participate.
  • Opt-in to the Binance campaign by clicking "Join Now" on the official $COOK campaign page on Binance.

Once users have opted in, they can start earning their share of the 2,500,000 $COOK prize pool by participating in the following promotions.

(1) Promotion A: Stake and Bridge to Mantle Network to Earn Up to 72,000 $COOK

Binance is offering participants the chance to earn $COOK by staking and bridging on Mantle Network, with the top three participants each set to receive 72,000 $COOK!

Below is a detailed overview of the rewards distribution.

(2) Promotion B: Stake $ETH on Mantle Network or Ethereum network

In addition to the above, 5,600 eligible participants who stake more than 0.02 $ETH on either Mantle Network or Ethereum network have a chance to win 233 $COOK each.

Winners will be selected according to the Award Selection Rules, using the BNB Beacon Chain Hash Value at 2024-08-22 23:59 (UTC).

How to Stake on mETH Protocol

To help participants take advantage of these exciting promotions, we've compiled a quick guide on how to stake on mETH Protocol.

  • Navigate to mETH Protocol and connect your Binance Web3 Wallet.

  • 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 "Stake and Bridge" or "Stake Only."

If users choose to "Stake and Bridge," their $mETH will be available on Mantle Network, qualifying them for Promotion A, along with additional Powder rewards and EigenLayer points.

If they opt to "Stake Only," their $mETH will remain on Ethereum network, which means they can only qualify for Promotion B.

  • Review the amount of $mETH you'll receive and the associated transaction fees.
  • Confirm by selecting "Stake" or "Stake and Bridge," depending on your chosen option.

  • If you choose to "Stake only", this is your final step, and you'll be greeted with a pop-up confirming your $ETH has been staked.

If you decide to "Stake and Bridge," you'll need to complete the following steps:

Approve the bridging process by selecting a custom spending cap. Complete the bridging process by confirming the transaction and paying the associated fees.

Gas Fees Reminder: You will need $ETH on L1 as gas fees to deposit your tokens from Ethereum Mainnet onto Mantle Network.

Once complete, a pop-up will appear confirming your $mETH is available on Mantle Network.

Important Things To Note

  • Users must opt-in to the campaign and complete the requirements above are eligible to receive rewards.
  • Users need to hold $mETH in their wallets until the campaign ends on Aug. 22, 2024 23:59UTC to be eligible for the promotions.
  • All $COOK token rewards will be airdropped to users’ Binance Web3 Wallet on Mantle L2 after the Token Generation Event (TGE).
  • Participants in Promotion A will be automatically included in Promotion B.
  • Please be aware ONLY backed-up Binance MPC wallets can participate in this campaign. External wallets imported to Binance Web3 Wallet are not eligible for the campaign.
  • Users who delete or deactivate their Binance Web3 Wallets will not receive rewards.

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