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Summary
- Mantle LSP: a permissionless and non-custodial ETH liquid staking protocol on Ethereum L1.
- Mantle Staked Ether ($mETH): value-accumulating receipt token.
- Mantle LSP pools ETH deposits, enabling stakers to participate in Ethereum’s proof-of-stake (PoS) validation network rewards.
- Stakers receive $mETH, representing staked principal and accumulated rewards.
- Rewards include issuance, priority fees, and maximal extractible value (MEV), shared among stakers, LSP, and node operator.
- When unstaking, stakers receive staked ETH and accumulated rewards.
Introducing Mantle Staked Ether: A Beacon of Innovation
Mantle LSP is a decentralized, permissionless, and non-custodial ETH liquid staking protocol deployed on Ethereum Layer 1, governed by Mantle. By combining a sleek, modern design with robust risk management, Mantle LSP leverages the extensive resources of the Mantle Ecosystem to deliver a highly rewarding experience, further solidifying Mantle’s position as a yield powerhouse. The Mantle Staked Ether ($mETH) serves as the value-accumulating receipt token of Mantle LSP. This protocol facilitates the pooling of ETH deposits from stakers, enabling their participation in rewards generated by Ethereum’s proof-of-stake (PoS) validation network. In return, stakers receive the receipt token $mETH, which represents a claim to the underlying staked principal and accumulated rewards. This versatile receipt token can be utilized in various applications. When stakers unstake their ETH from Mantle LSP, they will receive not only the sum of their staked ETH but also any rewards accrued from their staked funds during the staking period. These rewards may comprise a combination of issuance, priority fees, and maximal extractible value (MEV), which are shared among the stakers, LSP, and node operator (validation service provider).