mETH Protocol cmETH Restaking Campaign with Bybit and EigenLayer

The cmETH Restaking Campaign by mETH Protocol, launched on September 30, 2025, enables participants to stake cmETH on Bybit's On-Chain Earn platform, which then automatically restakes through EigenLayer. This campaign offers a seamless participation experience without needing external wallets, bridging, or delegations, making it accessible for retail and institutional users alike. Users earn a fixed 1% APR boost on top of around 17% base rewards, sharing a 100,000 EIGEN prize pool distributed over 30 days, with a total estimated APR near 18%. The prize pool consists of 75,000 EIGEN released immediately and 25,000 EIGEN unlocked upon reaching a TVL of $40 million. Stakeholders can use cmETH as collateral for borrowing or trading on Bybit.

Recent News

In Q2 2025, mETH became a core yield driver within Mantle Index Four and was listed as the first liquid staking token (LST) on a public company's balance sheet (Republic Technologies). The cmETH supply on Bybit grew by 25% to approximately 81,000 units. Partnerships with Mantle Scouts and HypurrCo under Initiative DaL drove a remarkable 750% TVL increase on HyperEVM between April and June. The ecosystem expanded through integrations with HyperSwap, HypurrFi, HyperBeat, and MizuLabs, with active community campaigns such as Yappening providing weekly bounty rewards. Thought leadership was enhanced by collaborations with Messari, Four Pillars, and Memento, plus over 30 educational guides, AMAs, and recaps were published.

Future Plans

In Q3 2025, the project focuses on distribution and expanding cmETH yield strategies across new ecosystems. Key roadmap initiatives include institutional rail upgrades, real-world utility via integrations like UR neobank, and broader adoption through custodian partnerships. A notable development is NounsDAO's recent 1,000 ETH delegation, signaling strong ecosystem alignment. The long-term goal is positioning mETH as Ethereum's premier liquid staking asset, enabling greater DeFi opportunities and ecosystem growth into 2026.

Onchain Data

• mETH TVL: $1 billion, marking it as Ethereum's fastest-growing liquid staking protocol
• cmETH TVL on Hyperbeat/Mizu: $3.96 million
• cmETH TVL on Morphobeat: $968,000
• cmETH TVL on HyperSwap: $675,000
• cmETH TVL on HypurrFi: $249,000
• Fixed Yield Vault capped at 30,000 cmETH
• Restaked cmETH on Bybit: ~81,000 units

Community Sentiment

Positive — Community reactions on X praise the campaign’s simplified participation process and attractive yields. Posts highlighting the 18% APR and EIGEN rewards foster optimism about cmETH's accessibility and potential for democratizing restaking. Influencers emphasize growing adoption despite cautious notes on TVL sustainability. Quotes include: "Easy restaking with great rewards," "18% APR with no hassle," and "mETH is the future of liquid staking."

Risk Disclaimer

As this event involves staking and token rewards, participants should consider the risks of asset locking and market volatility carefully before participating.

Sources used

• https://x.com/mETHProtocol/status/1942186110576480337