Converti Mantle Restaked Ether CMETH in Wrapped ThunderPOKT WTPOKT

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.

Thunderhead’s wrapped tPOKT (wtPOKT) is tPOKT which is deposited into the tPOKT wrapper to create a new token called wtPOKT.Wrapping tPOKT creates a stable-balance, DeFi-compatible version of the tPOKT token which allows for easier integrations with DeFi protocols including Uniswap. One's tPOKT balance continously increases due to distributions of node rewards via rebase. This causes one's tPOKT balance to continously increase. Unfortunately, some DeFi protocols, like Uniswap v3, keep track of user's balances, which causes users to lose rebase rewards. These types of protocols require fixed-balance tokens for optimal usage. To achieve this, we created a fixed balance token for tPOKT let's you ""wrap"" your tPOKT into wtPOKT to keeps your token balance fixed. wtPOKT and tPOKT are interchangeable at any time, and earn the exact same rewards. The only difference is that one's wtPOKT balance will stay the same, but will be redeemable for more tPOKT, whereas one's tPOKT balance will just increase.