Converti Mantle Restaked Ether CMETH in Turbos Finance TURBOS

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.

What is the project about? Turbos Finance is a non-custodial and hyper-efficient decentralized exchange (DEX), backed by Jump Crypto and Mysten Labs. Built on Sui since June 2022, Turbos brings a universal notion of digital asset ownership and unprecedented horizontal scalability to DeFi. What makes your project unique? User-friendly DEX Our platform offers user-centric and intuitive trading features in token swap, liquidity provision and token bridging. Unique social features are added to create a seamless and efficient trading experience for our users. Smart Routing With smart routing, users can trade assets amongst liquidity pools. This pioneering feature calculates the best route based on available liquidity and swap fees in each pool, ensuring users get the best possible rate for their trades. One-off liquidity layer Serving as a one-stop-shop solution in the Sui ecosystem, we are the ultimate liquidity powerhouse with concentrated liquidity AMM, TurboStar (launchpad), TurbosBoost and perpetual trading offered all-in-one. History of your project. We deployed on Sui devnet since June 2022. What’s next for your project? Q2 2023 Testnet Smart contract audit IDO/IEO TurboStar launchpad TurbosBoost campaign Social trading feature enhancement Q3 2023 Perpetual AMM What can your token be used for? TURBOS, the protocol token on Turbos Finance, is underpinned by a strong token infrastructure designed to provide incentives, rewards, and various utilities for community members, fostering a thriving and dynamic ecosystem.