Convert Mantle Restaked Ether CMETH to EUROe Stablecoin EUROE

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.

## What is EUROe? EUROe is a fully fiat-backed EU-regulated Euro stablecoin issued by Membrane Finance. Secured by at least 102% of euro-denominated assets, one EUROe is always redeemable for one fiat Euro by clients of Membrane Finance. EUROe is regulated as e-money, and Membrane Finance holds an EU-wide Electronic Money Institution licence issued by the Finnish Financial Supervisory Authority. ## How Many EUROe Are There in Circulation? EUROe supply changes over time as new EUROe is issued or existing EUROe is redeemed by Membrane Finance’s clients. Currently, there are no fees for issuing or redeeming EUROe. Companies, foundations, and other corporate entities can apply to become a Membrane Finance client to access the minting and burning of EUROe. ## Who Is the Founder of EUROe? The company behind EUROe, Membrane Finance, was founded by Juha Viitala in 2021. EUROe is incubated by Equilibrium, a core blockchain infrastructure builder, and funded by Maki.vc, a seed-stage venture capital company. ## Where Can I Buy EUROe? EUROe is available for trading on a growing number of decentralised exchanges and directly through Membrane Finance.