Mantle mETH is the native LSD for Mantle L2, plus a growing multichain presence. Mantle Ecosystem is aggressively incentivized, and cmETH (the restaked variant) extends the yield stack further. Best for users active in the Mantle ecosystem.
What mETH is
mETH is a liquid staking token issued by Mantle. Deposit ETH; receive mETH; ETH is staked and generates rewards. mETH is value-accruing (no rebase). Available on Ethereum mainnet + native Mantle L2 support.
cmETH is the restaked variant — Mantle stakes the underlying ETH to EigenLayer for additional AVS rewards on top of base staking yield.
Mantle ecosystem incentives
Mantle Rewards Station and cook.finance (successor incentive programs) periodically boost mETH yields via Mantle-ecosystem token distributions. For users active on Mantle, these ecosystem rewards can meaningfully add to base staking APR.
Verdict
mETH is the go-to LSD for Mantle-ecosystem users. Not the largest overall, but ecosystem incentives + cmETH restaking make it competitive with any tier-1 LSD.