Mantle, a burgeoning DAO-led web3 ecosystem built around Ethereum layer 2 (L2) Mantle Network, launched Mantle Liquid Staking Protocol (LSP), a permissionless and non-custodial Ether (ETH) liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Mantle LSP is the second core product of Mantle Ecosystem, following Mantle Network L2. Mantle Staked Ether ($mETH) serves as the value-accumulating receipt token of Mantle LSP.
Mantle LSP was first proposed to the Mantle community via a Mantle forum post on July 14, 2023. The staking of Mantle Treasury ETH was authorized consequent to the passage of Mantle Governance Proposal MIP-25 on Aug. 25. Mantle LSP Mainnet contracts were deployed for Permissioned Closed Alpha on Oct. 6, before the Permissionless Mode Mantle LSP was enabled on Dec. 4.
Instant Gratification and Sustainable Rewards: Tapping Ethereum’s PoS Network With $mETH
Users are now able to stake ETH with Mantle LSP to instantly receive $mETH, the value-accumulating r
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