End of Season 3: Methamorphosis

Crypto yield seekers, the clock is ticking! Season 3 of mETH Protocol's Methamorphosis campaign concludes on September 22, 2025, wrapping up a six-month initiative that's boosted cmETH adoption and rewarded holders. This finale could trigger Powder point redemptions for COOK tokens, marking a key moment for the ecosystem's growth.

Launched on March 26, 2025, Season 3 has focused on expanding cmETH across blockchains, rewarding holders with Powder points based on their positions. The purpose is to deepen ecosystem ties, enhance liquidity, and incentivize long-term participation through multi-yield streams like ETH staking (3-4% APY), restaking rewards from EigenLayer, Karak, and Symbiotic, plus partner incentives. Its significance lies in turning cmETH into a versatile asset for DeFi and beyond, with the end-date snapshot likely determining final allocations. This could drive increased token utility, attract more users, and influence similar campaigns in the liquid staking space.

Recent News

In the last three months, mETH Protocol has seen strong momentum. The Symbiotic cmETH vault launched on August 13, 2025, with over $150 million in restaking capacity, amplifying yields for holders. TVL has climbed to $1.7 billion, nearing its all-time high, while integrations like the Fixed Yield Vault concluded successfully in mid-August, delivering 5-6% annualized returns. A strategic partnership with Republic Technologies in May has positioned mETH for institutional use, signaling broader adoption.

Future Plans

mETH Protocol aims to evolve as a leading ETH yield distributor, with emphases on deeper DeFi integrations, compliant custody for institutions, and expanded restaking options. Upcoming goals include embedding cmETH in more tokenized funds and financial apps, enhancing omnichain functionality via LayerZero, and launching additional vaults for diverse asset classes to capture growing demand for stable, ETH-native products.

Onchain Data

cmETH's ecosystem shows robust activity, with over $200 million securing Symbiotic's shared layer and $11.7 million in Pendle liquidity. Total TVL stands at $1.7 billion, with key dApps like Treehouse holding 21,342 cmETH. Specific staking metrics on Dune or Glassnode are limited, but transaction volumes remain steady—focus on explorers like Mantle for real-time wallet growth as the season ends.

Community Sentiment

Reactions have been upbeat, with users praising high yields (up to 16% APR in some strategies) and ecosystem expansions. Discussions highlight excitement for Powder redemptions and Symbiotic points, though some seek clearer timelines on claims. Influencers emphasize mETH's role in ETH's bull case, fostering optimistic vibes overall.

Additional Insights

As liquid staking surges to $78 billion market-wide, mETH competes with leaders like Lido by offering institutional-grade features and multi-chain access. Holders benefit from compounded yields without active management, but note potential volatility in point redemptions—review positions ahead of the snapshot.

Stay tuned for the Methamorphosis payoff!