Mantle LSP is an Ethereum-based liquid staking facility that was introduced by Mantle Network, a decentralized autonomous organization (DAO) focused on Ethereum.
Users will be able to take part in Ethereum staking through its node operators thanks to the non-custodial staking protocol. Users that stake Ethereum will receive mETH rewards from Mantle LSP, which will be utilized in Mantle’s layer 2 DeFi ecosystem.
The concept of ETH staking through Mantle’s native liquid staking protocol was first presented in a governance proposal published by the Mantle team in June 2024. The community gave the idea favorable comments, and it was approved to develop and introduce Mantle LSP.
As stated in the proposal, “Mantle LSD is a product primitive that third party applications can adopt and extend permissionlessly, and aims to provide a simple and secure architecture that strategically benefits the Mantle Ecosystem.”
Mantle DAO will oversee the new liquid staking facility, which is scheduled to launch on the mainnet on December 10. With the exception of the native layer 2 network, Mantle Network, it is the second largest fundamental product in the Mantle ecosystem.
Following its merger with BitDAO, Mantle DAO now has one of the biggest community treasuries in the decentralized finance (DeFi) industry. Since August 2023, it has bet 40,000 ETH on Lido, yielding a dividend of over 4.1% APR.
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