Convert Mantle Restaked Ether CMETH to Darwinia Commitment Token KTON

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.

KTON is a derivative commitment token of RING (Darwinia Network native token), which encourages long-term involvement. RING holders can voluntarily lock RING for 3–36 months and get KTON as rewards, compensating for the liquidity loss. KTON can be staked for staking rewards and obtaining voting power to participate in the governance. Darwinia Network is a decentralized heterogeneous cross-chain bridge protocol built on Substrate, serves as critical infrastructure for interoperability across the blockchain networks. Darwinia Network focuses on decentralized cross-chain token swap, exchange, and market and enables single-chain application upgrade to cross-chain version, including Defi, Game, DEX, NFT market, and more. Its vision is to build the future Internet of Tokens.