mETH is a synthetic asset on Mirror Protocol that tracks the real-time price of Ethereum. It provides ETH price exposure without requiring users to hold actual ETH, operating on the Terra blockchain with 228,965 units in circulation.
2. Who created mETH and the Mirror Protocol?
Mirror Protocol was developed by Terraform Labs (TFL), the team behind the Terra blockchain. Founded by Daniel Shin and Do Kwon, TFL launched Mirror in 2020 to enable on-chain synthetic assets representing real-world assets.
3. What milestones has mETH achieved since launch?
mETH launched in 2020 as part of Mirror Protocol's synthetic asset ecosystem. It peaked during the 2021 DeFi boom with significant TVL, but faced challenges following Terra's collapse in May 2022.
4. What blockchain infrastructure powers mETH?
mETH operates on the Terra blockchain, a Proof-of-Stake network known for its price-stable pegged assets (UST, LUNA). Following Terra's collapse, Mirror Protocol has been relaunched on Neutron and other Cosmos-based chains.
5. How does the mETH token economy function?
mETH maintains a total supply of 228,965 units, equal to the circulating supply with no additional issuance. As a synthetic asset, its value is dynamically adjusted through arbitrage mechanisms to stay pegged to ETH's market price.
6. How is mETH governed and decentralized?
Mirror Protocol uses MIR token for on-chain governance. Token holders vote on proposals including protocol upgrades and treasury management. TFL has committed to not retaining or selling any MIR tokens, with no admin keys.
7. What use cases does mETH serve?
mETH enables traders to gain ETH price exposure without holding actual ETH, supporting DeFi strategies like yield farming and liquidity provision. It provides fractional, open-access exposure to Ethereum's price movements 24/7.
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Lao Bai
04-20 20:13
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Oh ho, Polymarket has opened a betting platform for KelpDAO to potentially share the losses. It seems unlikely at the moment.
Honestly, this event has been incredibly damaging to DeFi, the only sector that spans both the previous and current cycles and has Product-Market Fit (PMF). The Crypto Fear Index hasn't changed much, but the Confidence Index has probably dropped significantly.
By the way, didn't I mention the severe disconnect between Chinese and English information flow the other day? There's something interesting in the English section I didn't have time to mention the other day – the Kalshi and Polymarket teams, whose positions dictate their perspectives, are still locked in a fierce battle.
On one side is John from Kalshi… Wang and the CEO have been touting Kalshi's recent success, with non-sports betting volumes skyrocketing (Kalshi's traffic previously focused primarily on sports betting).
Meanwhile, Tom from Polymarket's DragonFly is saying, "If you see someone saying Kalshi's non-sports betting is rising, either they're an idiot, or they think you're an idiot..." (He believes many of these so-called "non-sports betting" bets are simply combining multiple sports results into a new betting method and should still be considered sports betting).
The comments below are full of things like "heroin sellers don't like selling meth," which is hilarious...
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MartyParty
03-15 07:37
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🚨 Do you know what happened in the last 12 hours?
> The CEO of a $200 billion company said on camera that 35% of recent graduates can't find jobs. He didn't even blink when he said that.
> Meta earned $165 billion last year, yet it's still laying off 15,000 employees because record profits are clearly not enough.
> A stranger in Florida sold an entire house in 5 days using ChatGPT. No real estate agent, no commission, no experience. Just gut feeling and a $20 subscription fee.
> An Australian man cured his dying dog's cancer with artificial intelligence after all the veterinarians were helpless. He developed a custom vaccine on his sofa at home.
> The man who created Uber and bankrupted 300,000 taxi drivers is back. Now he's building robots because apparently destroying one industry isn't enough.
> Tinder wants access to your phone's photo album. Your drunken photos, your 3 AM notes, and your deleted selfies. They call it "ambience detection."
> Naval, the guy who made hundreds of millions of dollars investing in software, just declared software dead. Those four words were enough to send a jolt through the entire industry.
> Anthropic removed the time limit for AI thinking and then doubled everyone's usage time for free. Because when a product is addictive enough, the first experience should be offered for free.
All of this happened today. Not this week, not this quarter. Just today. A regular Saturday in March.
This is worse than taking meth.
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Mario Nawfal
01-08 19:30
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🚨🇺🇸🇸🇴 Hundreds march in Minneapolis's Somali community: "No meth on our streets!"
This morning, hundreds of Somali residents marched in Minneapolis's Cedar-Riverside neighborhood, chanting slogans and waving signs to protest the shooting death of Renee Good by U.S. Immigration and Customs Enforcement (ICE) during an operation. Cedar-Riverside is one of the largest Somali communities in the United States.
The demonstrators chanted "No meth on our streets!", turning the entire neighborhood into a mobile protest march.
This march is the latest flashpoint in the escalating conflict in Minnesota over federal immigration enforcement and local responses.
Source: @ScooterCasterNY
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CryptoDiffer Analytics
2025-12-30 21:45
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Top 15 DeFi Protocols Ranked by Fee-to-Price Ratio (F/P)
#Silo is currently the most efficient protocol of its kind, generating nearly $12 in fees per $1 of market capitalization per year.
$SILO $QUICK $METH $SPK $SWISE $MNDE $CLOUD $BLUE $KERNEL $ORE $LDO $NAVI $JTO $BLACK #DEFI #DEX
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CryptoDiffer Analytics
2025-12-25 04:26
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Top 15 DeFi Protocols Ranked by Fee-to-Price Ratio (F/P)
#Silo is currently the most efficient protocol of its kind, generating nearly $12 in fees per $1 of market capitalization per year.
$SILO $QUICK $METH $SPK $SWISE $MNDE $CLOUD $BLUE $KERNEL $ORE $LDO $NAVI $JTO $BLACK #DEFI #DEX
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Stephen | DeFi Dojo
2025-12-20 10:26
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🚨More Secret Benefits You May Not Have Seen🚨
I bet you haven't heard of at least one of these.
Recent Investigation Findings🧵👇
1) @etherealdex
This requires code, and I've already sent out some.
Simply put, they offer margin incentives with an annualized yield of up to 27%; so if you're doing funding rate arbitrage, you can earn huge margin rewards.
A few spots left, code: A9C3PJODXTG5
2) @summerfinance_
SummerFi significantly reduces risk.
Even their so-called "high-risk" ETH products are almost entirely exposed to @0xfluid.
And it still offers a 6% base yield, plus approximately 13% SUMR token rewards.
3) For reasons I'm not yet aware of, @LFJ_gg's @withAUSD trading volume to Total Value Locked (TVL) ratio is unusually high.
➢ 27% AUSD/USDC
➢ 33% AUSD/USDT
➢ 81% Gold 👀
4) I have started buying YT directly from @solsticefi.
This is an extremely high-risk investment. That is, it could be a huge success or a complete failure; there's rarely a middle ground.
My reasoning is that the market seems to have priced FDV at 1:6, which is simply outrageous, lower than any recent stablecoin launch, and without any reasonable justification.
A 1:1 ratio is more common for TGE's valuation, and 1:1 would be a decent multiple here. I will continue buying YT as long as its market capitalization remains below $50 million, but please note that I cannot predict the future.
Again, this is a high-risk operation, and I have only invested a small portion of my funds, but it seems mathematically sound, at least to me.
Don't be foolish and put all your money in.
5) This should be very successful. But I feel like everyone's forgotten about it.
The "aavethena" project on @Plasma offers a 16% yield with 10x leverage.
Basically, you need to borrow more than or equal to the USDE supply and provide at least an equal amount of sUSDE.
6) Projects by @HastraFi and @maplefinance on @kamino
Prime is a stablecoin backed by Home Equity Credit (HELOC) with an intrinsic yield of approximately 8%.
syrupUSDC is an overcollateralized lending stablecoin with an intrinsic yield of approximately 6%.
Both can be leveraged on Kamino with annual interest rates of 15-20%.
I always recommend manual leverage as it avoids losses due to unforeseen liquidity issues.
7) Random RWA pools on @CurveFinance, managed by @merkl_xyz
ynRWAx is a @YieldNestFi vault managed by Kimber Capital.
I don't necessarily trust this, as it essentially packages Australian mortgage-backed securities into assets.
However, it might be worth paying attention to for RWA (Risk-Weighted Asset) enthusiasts who like high yields and want to learn more.
8) Also on the XDC chain, scrv-USDC
@XDCNetwork is real, and there are indeed people mining it. It's been relatively low-key, but if you're looking to maximize your yield curve, there's a decent liquidity provider there.
9) I know the @SmarDex team
It's incredible how this liquidity provider has been able to print so much coin for so long.
Without additional markups, it offers yields as high as 47% with the liquidity provider on @spectra_finance.
If you're looking for a little-known stablecoin project developed by a self-funded team, Smardex is worth checking out. 10) @MerchantMoe_xyz is arguably the best performing Ethereum liquidity provider over the past year.
The yield for both cmETH and mETH LPs was around 10-20% throughout 2025.
ETH token mining yields on @Mantle_Official were severely insufficient.
That's all. Hope you found this helpful.
Disclaimer: I have promotional partnerships with Maple and Solstice.
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CryptoMaid (encrypted maid) .stand
2025-11-30 07:20
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I've noticed a lot of people looking for Web3 jobs lately! Today, while browsing the @0xMantleCN website, I found a "Job Openings" section in the resources tab in the upper right corner. These are all ready-made positions!
You can choose your department, location, and company; they're all related to the Mantle ecosystem. Companies include Function, Mantle Network, mETH, Mirana, UR, and Windranger Labs.
Locations include the Americas, Asia Pacific, and EMEA. Currently, the most positions are based in the Asia Pacific region.
Departments include Business Development, Product Design, Marketing, etc., totaling 11 options.
Each position has detailed requirements and an overview. For example, a KOL (Key Opinion Leader) management position:
Location: Asia Pacific; Work Mode: Remote; Department: Mantle Network; Full-time; Responsibilities: Interacting with KOLs, data analysis, market research, etc.
Requirements: At least 1 year of Web3 experience, with preference given to candidates specializing in marketing and KOL management. A bachelor's degree in economics, business, communication, or a related field is required. You can also submit your resume directly on the website – it's really convenient!
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ElonMoney
2025-11-05 23:48
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x402 x Mantle - Real-time Autonomous Payments Officially Launched
Web3 payments suffer from poor performance: slow speeds and high costs. x402 addresses this issue on the Mantle platform. Through @questflow's Facilitator, developers can directly integrate AI-driven instant payments into Mantle's modular layer.
Its advantages include:
- @Mantle_Official's pre-configured functionality enables millisecond-level final confirmation, perfectly suited to the needs of AI agents.
- SP1 ZKP provides trustless, verified transfers.
- Native USDC + multiple assets (mETH, cmETH, fBTC, USDe) support simultaneous settlement and yield earning.
Practical Application: An AI agent trades RWA on x402, pays $0.002 USDe to obtain market data, executes in milliseconds, and immediately begins earning USDe rewards. The gateway is now live. The autonomous economy is under construction.
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Ansem
2025-10-22 06:01
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Connecting and disconnecting over 200 wallets just to find 4 more eligible addresses is dirtier than searching for meth crumbs in the carpet.