Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Mantle Launches Liquid Staking Protocol Aims to Become Top 3 in Decentralized Staking
EXCHANGE NEWS

Mantle Launches Liquid Staking Protocol Aims to Become Top 3 in Decentralized Staking

By Crypto FlexsDecember 5, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mantle Launches Liquid Staking Protocol Aims to Become Top 3 in Decentralized Staking
Share
Facebook Twitter LinkedIn Pinterest Email

Mantle, Ethereum’s layer 2 platform, has launched Mantle LSP, a liquid staking protocol. It is competing fiercely for third place in liquidity staking volume, establishing itself as one of the best providers, challenging rivals Lido and Rocket Pool.

This Monday, Ethereum’s layer 2 platform Mantle announced the launch of Mantle LSP, a “permissionless, non-custodial ETH liquid staking protocol.” This is the second core product in the Mantle ecosystem, following the main Mantle network launched in July 2022.

Mantle LSP allows platform users to stake ETH in exchange for $mETH tokens. According to the company, users can also earn money using $mETH tokens. “mETH aims to become the most widely adopted and capital efficient ETH staking token. Adoption priorities include Mantle L2 DeFi applications, Mantle L2 core technology partners, and centralized exchange partners,” Mantle said.

🚨 Introducing Mantle’s core product: Mantle LSP, a permissionless, non-custodial ETH liquid staking protocol!

hold hands $mETHA value-accumulating receipt token that opens the gateway to expanded revenue opportunities.

🟢 Check your APY at https://t.co/5uJADLgHiF pic.twitter.com/Lw7upiRS5V

— Mantle (@0xMantle) December 4, 2023

Mantle aims to stand out as a leading Liquid Stake provider.

Mantle’s goal is to position its treasury, currently valued at $2.3 billion, as a top three liquid staking provider behind Lido and Rocket Pool. These two competitors sparked controversy mid-year due to their centralization of liquidity staking contracts.

that much arguement The relationships between these providers highlight the challenges Mantle will face in achieving true decentralization in the cryptocurrency staking space. Here, a similar protocol allows users to earn derivative tokens by delegating their assets to validators.

Mantle’s Chief Alchemist, Jordi Alexander, told Coindesk that Mantle’s treasury aims to aggressively and quickly secure a top-three spot in liquid staking volume, competing directly with Lido and Rocket Pool. The launch of Mantle LSP is therefore an important step in expanding our platform in the ever-evolving technology industry.

“We are targeting third place very aggressively and quickly,” emphasized Alexander.

Mantle’s token price (MNT) has surged due to the rise of Bitcoin.

The recently migrated Mantle Token (MNT) rose 6.57% today to $0.58, leveraging BTC’s bullish momentum to hit an 18-month high of around $42,000, according to CoinMarketCap data. The surge follows renewed hopes for the possible approval of a Bitcoin spot ETF in the United States.

MNT’s market cap now exceeds $1.817 billion, an increase of 6.48%, with trading volume up 54.04% over the past 24 hours.

Therefore, the introduction of the Mantle Liquid Staking Protocol (LSP) seeks to provide a way to earn immediate and sustainable rewards through Mantle staked Ethereum ($mETH) by participating in Ethereum’s Proof of Stake (PoS) validator network. It has proven to be attractive to investors.

next

Altcoin news, blockchain news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin (DOGE) struggles to get up in higher floKi rocket rockets.

July 17, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

KuCoin Launches XStocks, Delivering A One-Stop Access Point To Top Global Tokenized Equities

July 18, 2025

💵 FREE $18 USDT – Just For Signing Up!

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

The future of EF ecosystem development

July 18, 2025

Satoshi-Aera Bitcoin Whale moves another 40K BTC to Galaxy Digital.

July 18, 2025

Behind The Surge In XRP, DLMining Brings New Opportunities To Mine BTC With Your XRP

July 18, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025
Most Popular

Gud Tech, Zircuit’s First AI Expo Launch, Staking Value Exceeds $9 Million

December 23, 2024

$ 1.2 billion in ETH EXITS exchange

May 16, 2025

New Cryptocurrencies Launch, Listing and Pre-Sale Today – Manta Network, Saros Finance, XOX

January 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.