Convert Mantle Restaked Ether CMETH to AxCNH AXCNH

Deployed on Ethereum layer 1 (L1) and governed by Mantle, mETH Protocol has, since late 2023, been providing users with access to $mETH, a value-accumulating receipt token that is highly composable across a range of DeFi applications on Mantle Network L2, offering exposure to additional yield-bearing opportunities. Users stake ETH with mETH Protocol and receive yield-bearing $mETH, and unstake $mETH to receive the underlying principal staked ETH and accumulated rewards. Since the inception of mETH Protocol, Mantle's mission has been to deliver the most user-friendly and rewarding $mETH experience. Thanks to ecosystem-wide adoption, $mETH users are able to trade on Mantle DEXs, earn yield by providing liquidity to $mETH liquidity pools, and generate yield within decentralized money markets. With $mETH's increasing adoption and composability within Mantle Ecosystem dApps, the protocol now ranks as the fourth largest ETH LSP by TVL. The introduction of $cmETH, a permissionless, composable liquid restaking token that unlocks restaking opportunities on Mantle, and $COOK, the protocol's upcoming governance token, mETH Protocol enters its next phase with further enhanced offerings. Through these features, mETH Protocol provides its users with capital efficiency, convenience, and a wide range of yield-bearing opportunities within Mantle Ecosystem dApps, all in a design that has been created to maximize security with non-custodial core smart contracts and off-chain services that enforce sanity bounds and risk limits.

AnchorX is an Asian stablecoin issuer, and the first recipient of a stablecoin license from the Astana Financial Services Authority (AFSA) in Kazakhstan, the leading financial hub in Central Asia and Eastern Europe. The flagship product of AnchorX is AxCNH, the world's first licensed CNH-pegged stablecoin. Each unit of AxCNH is fully backed by equivalent reserves of CNH, held in segregated custody accounts at regulated financial institutions, and always redeemable 1:1 for CNH fiat currency with dependable transparency. AnchorX is also working closely with other regulators to ensure that AxCNH tightly aligns with the proposed stablecoin standards. AxCNH is aiming to facilitate seamless cross-border payments and settlements for offshore Chinese enterprises and Belt and Road Initiative (BRI) countries. As trade between China and BRI countries continues to expand, AnchorX positions AxCNH as an important infrastructure tool to enhance trade efficiency, reduce exchange rate volatility, and lower transaction costs for enterprises operating across BRI economies.