Converti Mantle Restaked Ether CMETH in EverETH Reflect EVERETH

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.

EverETH is a smart contract protocol that implements an automated dividend distribution mechanism for token holders, where rewards are paid in Ethereum and derived from the transaction tax and on-chain trading volume. The contract tracks holder balances and proportionally allocates and transfers dividends without requiring manual claims or staking functions. The EverETH token is deployed on Binance Smart Chain and is available for trading on PancakeSwap, with the primary liquidity and trading pair being EverETH/BNB. The protocol is designed to operate autonomously through its contract logic, with dividend processing and distribution handled at the smart contract level.