Mantle's New Release: Expanding with Liquid Staking Protocol Beyond Layer-2

• Mantle Launches New Liquid-Staking Protocol, Mantle LSP
• About Mantle LSP
• Staking and Earning with Mantle LSP
• Jordi Alexander's Views on Mantle's Future
• Mantle's New Governance Body for Treasury Management

Mantle Launches New Liquid-Staking Protocol, Mantle LSP

Mantle, an Ethereum$2,315 -2.42% layer-2 project that holds a $2.3 billion treasury, has announced the launch of its new liquid-staking protocol, Mantle LSP. The protocol is now live and has been deployed on the Ethereum blockchain. This has been confirmed as the second core product within the Mantle ecosystem.

About Mantle LSP

Mantle LSP's launch is an addition to the Mantle Network which debuted in July and currently holds over $220 million in deposits, also known as Total Value Locked (TVL), according to data from L2 Beat.

Staking and Earning with Mantle LSP

With the introduction of Mantle LSP, users are now able to stake their ETH to receive $mETH tokens. The tokens are specifically designed to be a representation of the staked ETH. Furthermore, owning $mETH tokens grants users the opportunity to earn yield.

Jordi Alexander's Views on Mantle's Future

Jordi Alexander, the Chief Alchemist at Mantle, expressed confidence in the potential of Mantle's treasury. He emphasized the need for its success and aspires for it to rank as the third-largest, following Lido and Rocket Pool. Targeting the No. 3 spot, he expressed that Mantle is making strides towards this goal promptly and aggressively.

Mantle's New Governance Body for Treasury Management

In other news, Mantle recently introduced a new governing body intended for effective treasury management. More details on this development can be found in a later article.

Edited by Jonathan Stoker