Season 2: Methamorphosis Spotlight #6 - WOOFi
12/18/242 min read
by Mantle
COOK
cmETH
mETH Protocol
Deposit $cmETH into WOOFi's $cmETH Supercharger vault to earn 20x Powder/Day per $cmETH.
As a comprehensive decentralized exchange (DEX), WOOFi offers users additional features beyond the Supercharger vaults. These include:
- Low-Fee Swaps: Complete token swaps with minimal fees and slippage.
- Revenue Sharing: $WOO stakers can benefit from revenue-sharing mechanisms.
- Perpetual Futures Market: Access a perpetual futures market while maintaining full self-custody of assets.
But in this guide, our focus is on $cmETH and how users can deposit it on WOOFi to grow their Powder holdings.
Accumulate Powder in a Few Simple Steps
Step 1
- Head to the "Earn" tab on WOOFi.
- Connect your wallet to the platform.
- Locate and select the $cmETH vault.
Step 2
- Enter the amount of $cmETH you'd like to deposit.
- Click "Approve" to approve the spending cap limit.
Note: Gas fees are paid in $MNT, so make sure your wallet has enough $MNT balance to cover the transaction. Need help getting $MNT? Visit here.
Step 3
- Confirm your deposit by selecting "Deposit" and pay the associated gas fee to complete the process.
Once your $cmETH deposit is confirmed, you'll start earning Powder automatically!
When depositing $cmETH, users receive $wemETH, which can be staked to earn $WOO and $WMNT rewards. To maximize your rewards, follow these additional steps:
- Specify the amount of $wemETH you’d like to stake and click "Approve wemETH".
- Use the "Claim" button to collect your $WMNT rewards.
Users can withdraw their $cmETH at any time. Simply navigate to the "Withdraw" tab to initiate the process.
That concludes our WOOFi Season 2: Methamorphosis guide. Don’t forget to explore all the other ways to earn Powder in Season 2 by visiting the official Season 2 Methamorphosis campaign page. If you have any questions, go ahead and join the Mantle community on Discord — our team is always happy to assist. To stay updated with all the latest news and updates follow the official mETH Protocol account on X/Twitter, that way you won't miss a thing.