Convert Mantle Restaked Ether CMETH to TokenPocket TPT

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.

TokenPocket was founded in April 2018 and its global operations center is currently located in Hong Kong. After years of development, TokenPocket has formed three major business segments: wallet products, on-chain products and stablecoins payment. Among them, wallet products have become the world's largest decentralized stablecoin wallet, with services covering more than 200 countries and regions around the world, with a total of more than 30 million users and 5 million monthly active users. TPT, or TokenPocket Token, is the utility token of the TokenPocket ecosystem (referred to as the TP ecosystem). TPT can be used in various scenarios as a payment method and proof of membership benefits, serving as a connective thread throughout the TP ecosystem, with its rights and applications continuously expanding. TPT is a fully circulating token with a long-term deflationary model. Starting from July 1, 2025, the TokenPocket Foundation plans to implement a biannual buyback and burn program for TPT, aiming to reduce its total supply from 3.466 billion to 1 billion tokens.