Price change (24h):
0.21%
High (24h):
$0.00270522
Low (24h):
$0.00269062
Volume (24h):
$78K
Market Cap:
$2.59M
All Time High:
94.06% $0.05
Nov 9, 2024
All Time Low:
0% $0.00
Jun 9, 2026
69.41 %(1Y)
$0.00269338
Price change (24h):
0.21%
High (24h):
$0.00270522
Low (24h):
$0.00269062
Volume (24h):
$78K
Market Cap:
$2.59M
All Time High:
94.06% $0.05
Nov 9, 2024
All Time Low:
0% $0.00
Jun 9, 2026
mETH Protocol (COOK) is a cryptocurrency launched in 2024 that operates on the Ethereum platform. It categorizes squarely as a decentralized finance governance token, built specifically to steer the direction of the mETH liquid staking and restaking ecosystem within the Mantle network.
The protocol attacks a persistent DeFi friction: the immobilization of staked ETH. By issuing $mETH, a value-accumulating receipt token, users retain full composability across Mantle Network’s Layer 2 decentralized exchanges, lending markets, and liquidity pools while their underlying ETH continues to earn staking rewards. A subsequent innovation, $cmETH, extends this logic into permissionless liquid restaking.
The entire system runs on Ethereum as a permissionless, non-custodial smart contract suite, with protocol governance routed through Mantle. There is no standalone blockchain. Off-chain services sit alongside the on-chain contracts, enforcing risk limits and sanity bounds without ever taking custody of user principal.
The core contracts are audited, upgradeable through governance, and the COOK token conforms to the ERC-20 standard, ensuring deep wallet and exchange integration from day one. Yield-bearing receipt tokens like $mETH inherit Ethereum’s account model, remaining natively transferable and verifiable. Critical security parameters, including slashing conditions and withdrawal delays, are hard-coded into the protocol logic, not left to manual intervention.
The mETH Protocol first went live in late 2023, delivering a liquid staking token that swiftly accumulated enough total value locked to become the fourth largest ETH liquid staking protocol. The governance layer arrived separately: COOK launched into public markets on October 28, 2024, transitioning control from a centralized development structure toward a token-holder-directed model. No single founder is publicly credited with the protocol’s creation; it emerged as a Mantle-governed initiative.
The overarching objective is capital efficiency without custody. The protocol does not aim to be a store of value or a payment rail — it exists to unbundle staked ETH, letting holders deploy liquid representations of their stake into additional yield strategies while preserving the security guarantees of Ethereum’s consensus layer.
COOK’s mechanical function is strictly governance. Token holders propose and ratify parameter changes: risk frameworks, fee structures, whitelisted node operators, and the integration of new restaking assets. The token does not accrue staking emissions itself. It allocates control over the mechanisms that generate yield for $mETH and $cmETH holders, shaping protocol revenue distribution and upgrade paths.
To exercise influence, a holder must actively vote or delegate COOK. Quorum requirements tie tangible protocol changes to real token-weighted decisions, meaning passive holders forego any direct say in, for instance, altering the protocol’s treasury management or adjusting maximum exposure limits for restaked collateral. Validators and ecosystem contributors use COOK to signal support for protocol upgrades that can unlock new composability layers.
mETH Protocol has a maximum supply of 5,000,000,000 tokens. Currently, 960,000,000 are in circulation. With a market capitalization of $2,867,024, mETH Protocol ranks #2,044 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 12/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 11/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 10/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 05/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
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