{"id":24891,"date":"2023-12-04T16:44:28","date_gmt":"2023-12-04T16:44:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mantle-launches-liquid-staking-protocol-on-ethereum-mainnet\/"},"modified":"2023-12-04T16:44:28","modified_gmt":"2023-12-04T16:44:28","slug":"mantle-launches-liquid-staking-protocol-on-ethereum-mainnet","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mantle-launches-liquid-staking-protocol-on-ethereum-mainnet\/","title":{"rendered":"Mantle launches liquid staking protocol on Ethereum Mainnet"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701686603314-51f16796-b236-4ea8-82a1-7a182fd214a8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701686603314-51f16796-b236-4ea8-82a1-7a182fd214a8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701686603314-51f16796-b236-4ea8-82a1-7a182fd214a8-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701686603314-51f16796-b236-4ea8-82a1-7a182fd214a8-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Mantle\u2019s liquid staking protocol (LSP) launched on the Ethereum blockchain.<\/li>\n<li>The launched LSP is a non-custodial liquid staking protocol.<\/li>\n<li>The Mantle liquid staking protocol is governed by its decentralized autonomous organization (DAO).<\/li>\n<\/ul>\n<p>Decentralized autonomous organization Mantle has introduced a groundbreaking liquid staking protocol on the <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a> mainnet. This move follows a successful deployment of a Layer 2 network and aims to provide users with a new method of participating in-network staking.<\/p>\n<p>Mantle\u2019s approach addresses concerns about the concentration of staked assets in major providers like Lido, <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a>, and <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, offering an alternative solution through their liquid staking derivative, Mantle-staked ether (mETH).<\/p>\n<h2>Mantle\u2019s liquid staking protocol on Ethereum<\/h2>\n<p>The liquid staking protocol (LSP) launched by Mantle on the Ethereum mainnet is a non-custodial protocol that allows users to deposit ETH and engage in network staking via validator nodes while receiving Mantle-staked ether (mETH) as a token reflecting their stake.<\/p>\n<p>Mantle\u2019s LSP began its journey with the deployment of mainnet contracts in an exclusive alpha phase in October, subsequently transitioning to a permissionless phase to broaden access and participation. This innovative protocol is governed by the Mantle decentralized autonomous organization, emphasizing a community-driven approach to decision-making.<\/p>\n<h2>Addressing stake concentration with mETH adoption<\/h2>\n<p>One of the primary motivations behind Mantle\u2019s liquid staking protocol is to tackle the concentration of ether stakes within major providers such as Lido, Coinbase, and Binance. According to Jordi Alexander, Chief Alchemist at Mantle, the concentration issue results from a feedback loop of increasing name recognition and use case.<\/p>\n<p>To counter this, Mantle is focusing on the adoption of Mantle-staked ether (mETH) in the Liquid Staking and DeFi (LSDfi) ecosystem. The protocol aims to contribute to the solution by providing users with more options and enhancing capital efficiency to maintain sustainable yields. The Mantle DAO, empowered by the approval of governance proposal MIP-25 in August, has decided to stake ether from its treasury, adding to its existing $80 million in ETH staked with Lido Finance.<\/p>\n<p>As a significant player in the crypto space, with assets totalling $470 million in ether and over $200 million in stablecoins, Mantle\u2019s strategic approach to liquid staking marks a pivotal development in the ongoing evolution of decentralized finance on the Ethereum network.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mantle-launches-liquid-staking-protocol-on-ethereum-mainnet\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Mantle\u2019s liquid staking protocol (LSP) launched on the Ethereum blockchain. The launched LSP is a non-custodial liquid staking protocol. The Mantle liquid staking protocol is governed by its decentralized autonomous organization (DAO). Decentralized autonomous organization Mantle has introduced a groundbreaking liquid staking protocol [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24891"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24891"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24892"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}