Convert Mantle Restaked Ether CMETH to Ripe DAO Governance Token RIPE

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.

Ripe Protocol is an onchain credit protocol for borrowing against tokenized assets, with tokenized stocks as its primary focus. Users deposit collateral and borrow GREEN, an overcollateralized stablecoin pegged to the US dollar. GREEN is minted against the user's collateral when they borrow and burned when they repay. There is no lender on the other side of a loan, so borrowing settles in seconds without a bank, a credit check, or a sale of the underlying position. Ripe is live on Base and Robinhood Chain. Tokenized stocks, including SpaceX, Nvidia, Tesla, Apple, Google, and GameStop, serve as collateral priced by Chainlink equity feeds, alongside crypto assets, stablecoins, and yield-bearing positions. The protocol brings a practice long used by wealthy investors, borrowing against a portfolio instead of selling it, to anyone holding tokenized stock: deposit the shares, borrow dollars against them, and keep both the position and its upside. Everything a user deposits backs a single loan, with borrowing terms set per asset. The protocol is open source and has been audited by ChainSecurity and Anatomist.