About COOK
COOK is a governance token associated with the mETH Protocol, which operates on the Mantle Network. Launched in late 2023, the mETH Protocol allows users to stake ETH and receive $mETH, a value-accumulating receipt token. This token is designed to enhance user experiences within the decentralized finance (DeFi) ecosystem, providing access to numerous yield-bearing opportunities across various DeFi applications.
Users who stake their ETH with the mETH Protocol can earn rewards through $mETH, which can be easily unstaked to retrieve the original ETH along with any accumulated earnings. The protocol emphasizes user-friendliness and encourages ecosystem-wide adoption, allowing $mETH holders to trade on decentralized exchanges (DEXs), contribute liquidity to pools, and engage in decentralized money markets.
The mETH Protocol has quickly gained traction, ranking as the fourth largest Ethereum Layer 1 solution by total value locked (TVL). As the ecosystem evolves, it has introduced $cmETH, a composable liquid restaking token that opens up new restaking opportunities. With the introduction of $COOK, the governance token, the protocol aims to further enrich its offerings and enhance user engagement.
Through its focus on capital efficiency and convenience, the mETH Protocol offers a range of yield-bearing opportunities within the Mantle Ecosystem. The design prioritizes security with non-custodial smart contracts and off-chain services that establish safety parameters and risk limits, ensuring a reliable experience for users.