Convert xSUI XSUI to Mantle Restaked Ether CMETH

xSUI is a tokenized version of staked SUI. When users stake SUI via Momentum Finance, they receive xSUI in return, a liquid token that continuously accrues staking rewards while remaining usable across DeFi protocols. In a DeFi landscape that demands both performance and flexibility, xSUI enables users to earn staking rewards without locking up their SUI, unlocking new opportunities across trading, lending, and liquidity provisioning. xSUI is minted through SpringSui, the secure, non-custodial staking framework for Sui. It’s already securing over $200 million in assets, reflecting the high demand for secure and flexible staking infrastructure. The contracts behind xSUI are audited by OtterSec and Zellic, two of the most respected firms in blockchain security, providing users with confidence in the safety and integrity of the system. And with its upcoming debut on OKX Wallet’s Cryptopedia, xSUI will be introduced to an audience of more than 53 million users, accelerating adoption and awareness across global markets.

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.