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mETH Protocol
Tier A

mETH Protocol

Expected Gains
★★★☆☆
Time Required
15 min
Quest Nature
Mainnet
Funding Info
$200,000,000
Category:
Layer 2DeFi
WebsiteTwitterTelegramDiscord
85
Airdrop Score
★★★★★
9.0/10(2 reviews)
Airdrop Dashboard

Project Overview

COOK is a governance token within the Mantle ecosystem, designed to empower users in decision-making processes related to the Mantle Liquid Staking Protocol (LSP). Here's an overview of the COOK token and its role in the Mantle ecosystem:

Guide

How do I claim $COOK rewards?

After users migrate to V2, they will be able to claim $COOK after TGE.

The primary goal of the Metamorphosis campaign is to earn the $COOK airdrop. There are two strategies to earn the airdrop, ranging from easy (simple staking) to complex (yield farming on L2 DApps). Here's a step-by-step guide.

Strategy 1: Staking $MNT Tokens [Level: ☆☆☆★★]

$MNT is the native token of the Mantle network. This method is straightforward, especially if you have limited experience in DeFi.

  1. Acquiring $MNT Tokens:

    • Withdraw $MNT tokens from platforms like Bybit directly into your MetaMask wallet.
    • Make sure to switch the network settings to Mantle Network.

  2. Locking $MNT Tokens:

    • Go to Mantle Rewards Station
    • Choose a lock period based on your preference. You then have the option to either lock your tokens for a specified period or go for a flexible lock. Longer lock periods can yield higher rewards.
    • Confirm the lock, and you should see an increase in your Mantle Power (MP).
    • For example, locking 10,000 $MNT tokens can boost your Mantle Power (MP), which in turn increases your $COOK distribution.

  3. Monitor Your Rewards:

    • Check your Layer 2 holdings and daily powder rewards.
    • Use the Housing Earn page to see additional campaigns that offer higher multipliers.

Strategy 2: Yield farming with $mETH Tokens [Level: ☆★★★★]

$mETH is a liquid staking token for Ethereum on Mantle. This is recommended to $ETH holders, as it allows you to double-stake and accumulate multiple types of rewards.

  1. Convert $ETH to $mETH:

    • Switch your network to Ethereum.
    • Stake Ethereum to get METH tokens. You'll notice a small discrepancy due to pre-included rewards.

  2. Bridge $mETH to Mantle Network:

    • Use the bridge function to transfer $mETH from $ETH to Mantle Network. This incurs some fees, so plan accordingly.

  3. Monitor Your Holdings:

    • Check your Layer 2 holdings and daily powder rewards.
    • Use the Housing Earn page to see additional campaigns that offer higher multipliers.
    • The earlier you get into the campaign, the more benefits you can accumulate over time. If you're looking to maximize your "powder" rewards, pay attention to campaigns with higher multipliers but weigh the risks of impermanent loss.

Conclusion

The Metamorphosis campaign offers an exciting opportunity for crypto enthusiasts to earn significant rewards through strategic staking and locking of tokens. Stay tuned for more updates and detailed guides to ensure you don't miss out on any part of this lucrative airdrop event.

See the latest tutorial: Lock $MNT on Mantle & Collect Your Share of 200 Million $COOK

Tutorial Videos

Part 1

Part 1