cmETH Restaking Campaign with Bybit and EigenLayer

This campaign allows participants to stake cmETH on Bybit's On-Chain Earn platform, automatically restaking through EigenLayer to secure networks and earn rewards. Users receive a fixed 1 percent APR boost, share in a 100,000 EIGEN prize pool distributed over 30 days, and achieve an estimated total APR of around 18 percent. The prize pool includes 75,000 EIGEN released immediately and 25,000 unlocked when TVL hits 40 million dollars. Participation is simplified on Bybit, requiring no external wallets, bridging, or delegations, with cmETH usable as collateral for borrowing or trading. The purpose is to lower barriers to restaking, enhancing accessibility for both retail and institutional users. Its significance lies in bridging CeDeFi with restaking, driving adoption of mETH as a key yield-bearing asset on Mantle. Expected impacts include surging cmETH TVL, greater ecosystem liquidity, and heightened interest in Mantle's staking solutions, contributing to broader crypto yield strategies. Staking carries risks like asset locking and market volatility, so users should research thoroughly before joining.

Recent News

In Q2 2025, mETH joined Mantle Index Four as a core yield driver and became the first LST on a public company's balance sheet via Republic Technologies. Custody expanded with OSL onboarding mETH, while cmETH supply on Bybit grew 25 percent to about 81,000 units. Partnerships with Mantle Scouts and HypurrCo under Initiative DaL led to a 750 percent TVL increase for cmETH on HyperEVM from April to June. Integrations spanned HyperSwap, HypurrFi, HyperBeat, and MizuLabs, alongside community campaigns like Yappening with weekly bounties. Research publications with Messari, Four Pillars, and Memento bolstered thought leadership, with over 30 guides, AMAs, and recaps released.

Future Plans

Q3 emphasizes distribution, with expansions into new ecosystems for cmETH yield strategies and liquidity. Roadmap includes institutional rail enhancements, real-world utility via integrations like UR neobank, and scaled adoption through custodian discussions. NounsDAO's recent 1,000 ETH delegation signals growing alignment. Goals target positioning mETH as Ethereum's go-to liquid staking option, unlocking more DeFi opportunities and ecosystem growth into 2026.

Onchain Data

mETH has reached 1 billion dollars in TVL, marking it as Ethereum's fastest-growing liquid staking protocol. cmETH metrics show strong activity, with TVL at 3.96 million dollars on Hyperbeat/Mizu, 968,000 dollars on Morphobeat, 675,000 dollars on HyperSwap, and 249,000 dollars on HypurrFi. The Fixed Yield Vault capped at 30,000 cmETH, while restaked cmETH on Bybit hit around 81,000 units.

Community Sentiment

Reactions on X are enthusiastic, with users sharing participation guides and praising the simplified process and high yields. High-engagement posts highlight the 18 percent APR potential and EIGEN rewards, fostering optimism about mETH's accessibility. Influencers emphasize its role in democratizing restaking, though some note the need for sustained TVL growth.

This campaign highlights mETH's push for broader adoption, offering attractive yields in a competitive staking landscape.