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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
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

Latest X Summary

mETH Protocol: Latest Airdrop & Rewards Update for Hunters!

Hey Airdrop Hunters! Get ready to dive into the latest opportunities from mETH Protocol, especially if you're keen on snagging some juicy $cmETH rewards. While the mETH Protocol focuses on strengthening its position as a trusted asset for accessing Ethereum-native yield, there's a significant ongoing campaign where your engagement can directly translate into crypto in your wallet!

The spotlight is currently on "The Yappening", an exciting community takeover event designed to reward active content creators and community members. This isn't just about passive holding; it's about making your voice heard and earning for it!


Key Airdrop-Related Events & Opportunities

1. The Yappening: Earn Weekly $cmETH Rewards!

The Yappening is a 5-week takeover campaign, currently in its second week, where you can earn weekly $cmETH rewards. This initiative encourages participants to create and share content related to mETH Protocol, fostering community growth and engagement. If you've been actively "yapping" about Mantle and mETH, your efforts could be handsomely rewarded!

  • What it is: A 5-week content creation and community engagement campaign.
  • How to earn: By participating in the Yap Club and submitting mETH Protocol-related content.
  • Rewards: Weekly $cmETH rewards.
  • Status: Currently in Week 2.

Tweet for more info:

2. Yapperboard Challenge - Phase 2 Concluded, Rewards Incoming!

The second phase of the broader Yapperboard Challenge has officially wrapped up. While rewards are currently under review and being locked in, participants who contributed to this phase should keep an eye out. This challenge saw thousands of $MNT distributed for top-performing creators in the past, and for the current Yappening, the focus shifts to $cmETH.

  • Status: Phase 2 concluded, rewards under review.
  • Future: Phase 3 loading.
  • Relevance to mETH: Directly connected to the ongoing "Yappening" for $cmETH rewards.

Tweet for more info:


Key Event Table

EventDescriptionStatusRelevant Links
The YappeningAn ongoing 5-week community takeover event focused on content creation and engagement for mETH Protocol. Participants in the Yap Club can earn weekly $cmETH rewards. Currently in Week 2.Ongoing (Week 2)Yappening Takeover - Weekly $cmETH Rewards, Yappening 5-Week Takeover - Week 2 Status, Yappening Week 1 Highlights & New Challenge
Yapperboard Challenge Phase 2The second phase of this content creation challenge has concluded. While past phases distributed $MNT, the ongoing "Yappening" (which is linked to Yapperboard) is awarding $cmETH. Rewards for Phase 2 are currently under review and being locked in.ConcludedYapperboard Challenge Phase 2 Wrap-up, Yapperboard Weekly Roundup - Phase 2 Conclusion

Stay active, keep an eye on official announcements, and happy hunting for those $cmETH rewards!

Tutorial Videos