Convert Mantle Restaked Ether CMETH to Magic Bag FELIX

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.

Magic Bag ($FELIX) that introduces a revolutionary approach to tokenomics: True Burn, Smart LP, and Reflections. The $FELIX Smart Contract achieves all 3 functions with low gas fees on transactions through key features like randomness and internalized fees. Every buy or sell is a game of chance, determining the contract's function, while fees for swapping ETH are covered by the deployer. Tokenomics of Magic Bag ($FELIX): "Burn" - True Burn: True Burn sets $FELIX apart. With each interaction, tokens undergo genuine burning, permanently decreasing the total supply. The "Incinerator" feature allows holders to easily contribute to the burn. "Grow" - Smart LP: Magic Bag introduces Smart LP, a low-fee, auto-growing liquidity pool. It rewards LP token holders without extra costs by rerouting tokens meant for liquidity directly back to the LP address, preventing ETH withdrawal while providing LP rewards. Heavy gas fees are eliminated, saving users significant costs. "Reflect" - ETH Reflections: Reflections enable holders to earn ETH based on ownership percentage. More $FELIX means more Ethereum earned through Reflections. The allocation is proportional to token holdings.