Wednesday, February 19, 2025

mETH Protocol Launches $COOK Token Claims Amidst Expanding Ethereum Liquid Staking Market

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KEY TAKEAWAYS

  • Eligible users can now claim $COOK rewards, marking a pivotal moment for the mETH Protocol’s user engagement strategy.
  • The mETH Protocol has secured over $1.25 billion in Total Value Locked, establishing dominance in the Ethereum liquid staking market.
  • $COOK tokens will be listed on major centralized exchanges, enhancing liquidity and trading opportunities for users.
  • Mantle’s innovative asset incubation has driven $mETH adoption across DeFi applications, supported by the Mantle Treasury.

Eligible users can now claim their $COOK rewards, marking a significant milestone for the mETH Protocol. Since the launch of $mETH in November 2023, the protocol has secured a dominant position in the Ethereum liquid staking market, boasting over $1.25 billion in Total Value Locked (TVL).

Mantle’s innovative approach to asset incubation has facilitated the rapid adoption of $mETH across decentralized finance (DeFi) applications on the Mantle Network and beyond. The Mantle Treasury’s support ensures that $mETH holders benefit from sustainable yields and incentives, as demonstrated in previous campaigns such as Double-Dose Drive and the collaboration with EigenLayer, where over 2 million $EIGEN tokens were distributed to $mETH holders.

Claiming $COOK Tokens

The launch of $COOK represents a pivotal step in enhancing user distribution and engagement within the mETH Protocol. Users with eligible $mETH positions during Season 1: Methamorphosis, or those who participated in the Stash campaign and Journey to Methamorphosis Quests, can claim their tokens via the link provided here.

Additionally, users who previously locked $MNT on the Mantle Rewards Station and allocated MNT Power (MP) to the $COOK pool can now claim their rewards on the campaign page. For other $COOK initiatives under platforms like Puff, Bybit, Bybit Web3 Wallet, and Binance Web3 Wallet, rewards will be released according to each platform’s schedule.

$COOK Listings and Liquidity

$COOK will be listed for trading on major centralized exchanges (CEXs) including Bybit, MEXC, Gate.io Startup (for GT holders only), and Bitrue, starting today at 10 AM UTC. On-chain liquidity for trading pairs will also be seeded on native decentralized exchanges (DEXs), with further details to be shared on official channels.

For more information on $COOK tokenomics, users can refer to the official blog post. This launch is part of mETH Protocol’s strategy to achieve hyper-growth and empower users to actively participate in shaping its future.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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