mETH Protocol launches the COOK Feast event, locking COOK to participate in the distribution of 200 cmETH rewards

ChainCatcher news, the mETH Protocol launches the COOK Feast event, locking COOK to earn COOK Power, which can participate in the distribution of a prize pool of 200 cmETH. Users can withdraw funds at any time or choose a fixed lock-up period to increase rewards.

COOK Feast aims to reward the support of community members, allowing COOK holders to increase their cmETH, encouraging long-term participation in the ecosystem.

It is reported that COOK is the governance token of the mETH Protocol, with a total supply of 5 billion tokens and an initial circulating supply of 916 million tokens.

According to RootData, the mETH Protocol is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and managed by Mantle. Users stake ETH to earn mETH. Unstaking mETH allows users to receive the underlying principal of staked ETH and accumulated rewards.