| Asset | Network | Balance |
|---|---|---|
| ETH | Mainnet | |
| mETH | Mainnet | |
| mETH | Aurora | |
| stETH | Mainnet | |
| rETH | Mainnet |
- Fully collateralized
- Sustainable PoS revenues
- Permissionless
- Built on Ethereum & Near
introduction
The multichain Staked ETH Index Token (mETH), is a unique DeFi solution that brings together a decentralized financial ecosystem of various blockchain protocols like Ethereum and NEAR Aurora.
The mETH project is a cross chain index fund of staked tokens like stETH and rETH, delivering a superior-grade interoperability for a lucrative and secure yield farming experience. The token allows users to deposit stETH and rETH to mint mETH tokens and bridge them across multiple chains, enabling seamless cross-chain transactions.
liquid staking tokens
When you stake a token on a PoS blockchain, you earn validator rewards creating a yield on your holdings. Liquid staking tokens outsource the technical staking requirements to a 3rd party giving users a simple ERC20 token which represents a staked position.
Liquid staking tokens represent your staked assets and any potential rewards you may earn. Tthese tokens aren't locked; they're liquid, meaning they can be traded, swapped, bridged or used in various DeFi protocols for other activities like lending, borrowing, or providing liquidity in decentralized exchanges (DEXs).
mETH is a index token creating a cross chain wrapper for various liquid staking tokens.
tokenized assets
mETH is an ERC20 token with some additional functionality.
- The deposit function allows a user to send stETH & rETG and mint an equivalent amount of mETH in return
- The withdraw function allows a user to redeem mETH in exchange for their stETH & rETH
- The stake function allows a user to commit mETH to the staking pool to earn rewards
- The unstake function releases the mETH and collects the rewards