Mantle, an Ethereum Layer 2 network, has changed the name of its liquid staking protocol from Mantle LSP to mETH Protocol.
This follows the increased use of $mETH token, a liquid staking asset for Ethereum, and the adoption of MIP-30 which has strengthened the protocol’s standing in the market.
Ethereum Layer 2 Mantle Renames Liquid Staking Protocol
As per the announcement, the rebranding exercise is intended to shift the protocol’s brand in line with its existing and future suite of services. Since mETH was launched in November 2023, more than 500,000 ETH has been staked for the token, making it the fourth largest ETH liquid staking token in the market.
1/4 Welcome, mETH Protocol.
Following the success of the $mETH liquid staking token and the passage of MIP-30, the team has decided on mETH Protocol as the new brand name to replace Mantle LSP.https://t.co/VnSquaRqEx https://t.co/7UhhFWAOWX
— Mantle (@0xMantle) August 20, 2024
According to Mantle, the approval of MIP-30, a gov
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