New Token Market Alert!
Welcome $cmETH to Minterest on Mantle Network: New Opportunities in Lending and Borrowing
We’re excited to announce the launch of $cmETH as a new token market on Minterest! $cmETH opens up fresh opportunities for both lenders and borrowers, along with exclusive rewards aligned with Mantle Network’s Methamorphosis Season 2.
What is $cmETH?
$cmETH is a LRT – liquid restaking token on Mantle Network. $cmETH to $mETH token is pegged 1:1. This new addition enables users to earn yields from various restaking protocols without the need to switch between them including Eigen Layer, Symbiotic, Karak Points and Veda Points. Users also accrue Powder rewards for Mantle Network’s governance token $COOK.
Borrowing and Lending Dynamics on Minterest
As $cmETH integrates into the Minterest lending protocol, borrowing will initially be capped at a conservative percentage, allowing us to monitor and grow liquidity pools for $cmETH. This approach is designed to strengthen stability for all users, ensuring a gradual and reliable market entry as liquidity pools deepen. You can easily get started by supplying $cmETH to earn competitive APYs, with more substantial borrowing limits coming soon as the pools grow.
Methamorphosis Season 2: Earn Rewards as You Supply
With Methamorphosis Season 2 that has just begun, both $cmETH and $mETH are set to gain exclusive Powder incentives. For the first 30 days, each $cmETH and $mETH token on Minterest will accrue 20 Powder per unit per day, providing early users a chance to earn Powder points at a significant rate. This also gives users substantial time to switch over from $mETH to $cmETH while both positions are indexed for Powder accrual. After this period, for the remaining 80 days, only $cmETH will continue to earn these incentives. You can switch from $mETH to $cmETH during this without losing any rewards.
Powder points aren’t just about boosting your rewards—holding Powder makes you eligible to earn $COOK, Mantle’s governance token. Through $COOK, you’ll be able to participate in future decisions for the Mantle ecosystem and play a role in shaping its path forward.
Where Can You Get $cmETH?
You can swap any asset for $cmETH on partner DEXes – Agni Finance and Merchant Moe amongst others. Soon, you’d also be able to swap $mETH to $cmETH right here.
Why Supply $cmETH on Minterest?
- Optimised Returns: With APYs tailored for DeFi growth, early participants can leverage favourable lending rates and Powder accumulation for additional rewards.
- Long-Term Engagement: Holding $cmETH opens up avenues for ongoing Powder rewards and potential $COOK earnings, making it a compelling option for users invested in the Mantle ecosystem.
- Dynamic Ecosystem: By supplying $cmETH, you’re actively supporting the expansion of Mantle’s interconnected markets, and contributing to a robust liquidity pool while accruing benefits.
Start Your $cmETH Journey Today
We’re thrilled to bring $cmETH into the Minterest stable and can’t wait to see the impact it has on our community. With Methamorphosis Season 2, now is the perfect time to explore the benefits of $cmETH and join a transformative journey in decentralised finance. Supply $cmETH on Minterest, earn rewards, and become an active part of building the future with Minterest and Mantle Network!
01, November 2024
