Converti Mantle Restaked Ether CMETH in Polly Finance POLLY

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.

Polly Finance is a completely community-driven platform where users can create and manage diverse baskets of tokens on Polygon, called nests. Nests have autonomous rebalancing and yield farming in a variety of protocols. POLLY is the governance token for the Polly Finance platform. Holders can use their tokens to vote on proposals to further the ecosystem, including the composition of nests, strategies they will follow and the future direction of the project. POLLY can be earned by participating in the yield farming program, which distributes tokens to users of the platform. In order to create a Nest, you have to burn an amount of Polly. As the burning process is complex, the recipe for nDEFI will automatically buy and burn the right amount for you during the creation process. The amount of Polly to be burned is currently tied to the volume demand of your issuance order, but governance may vote to change this model.