mETH protocol expands its product line and launches governance token COOK and LRT cmETH

BlockBeats news, on October 29, according to official sources, a vertically integrated ETH Liquidity stake and re-stake platform, mETH protocol, announced the launch of its new product, Liquidity re-stake Token (LRT) cmETH. cmETH allows users to leverage rich yield strategies and access broader opportunities within the Mantle ecosystem and beyond. Also launched is the governance Token COOK of mETH protocol, which empowers holders and assists in the Decentralization protocol. In addition, mETH protocol simultaneously introduces its brand new governance Token COOK. As part of the next rise phase outlined in MIP-30, mETH protocol will include its own governance Token COOK to help guide the future actions of mETH and cmETH products. COOK enables stakeholders to actively participate in the development and strategic direction decisions of mETH protocol and drive the Decentralization of the protocol. It is reported that the total supply of COOK is 5 billion, with 60% of COOK Tokens allocated to the community, 30% allocated to the Mantle treasury, and 10% allocated to the core contributors team of the protocol. 14.32% of these Tokens will initially be allocated to four ecosystem initiatives, including the first season: Methamorphosis event. The remaining 60% of COOK Tokens will be allocated to Methamorphosis in future seasons, including the second season starting from October 30 for 110 days.