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TVL $8MAPY 3.95%medium riskUpdated Feb 1, 2025

mETH/WETH Convex Deposit

Deposit Curve mETH/WETH LP tokens into Convex for boosted yields on this Mantle liquid staking pool.

ProtocolConvex
Networkethereum
SymbolCVXMETH-WETH
CategoryYield Vaults
Underlying Assets
mETHWETHETHCRVCVX
Contract Address0xe0f1a2b3c4d5e6f7a8b9c0d1e2f3a4b5c6d7e8f9

What is mETH/WETH Convex Deposit?

This vault optimizes yields for the Curve mETH/WETH pool through Convex Finance. mETH is Mantle's liquid staking ETH token, offering competitive yields through Mantle's innovative staking infrastructure.

Understanding mETH and Mantle LSP

Mantle's Liquid Staking Protocol:

  1. Layer 2 Integration: Deep integration with Mantle L2
  2. Competitive Rates: Often higher APY than competitors
  3. Value Accrual: mETH appreciates against ETH
  4. Cross-Chain Utility: Usable on Ethereum and Mantle

mETH aims to offer best-in-class liquid staking yields.

How mETH Works

Mantle's staking mechanism:

  • Deposit ETH to receive mETH
  • Professional validators operated by Mantle
  • Staking rewards reflected in mETH appreciation
  • Liquid and DeFi-compatible

How This Vault Works

  1. Provide mETH and/or WETH to Curve pool
  2. Stake LP tokens in Convex vault
  3. Convex applies veCRV boost
  4. Earn staking yield + CRV + CVX
Yield Sources: ETH staking rewards, Curve trading fees, boosted CRV emissions, CVX incentives.

Fee Structure

Convex standard fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Mantle LSP fee structure on staking rewards.

Mantle Ecosystem Integration

mETH benefits from Mantle ecosystem:

  • Native L2 liquidity mining rewards
  • Mantle governance participation
  • Cross-chain bridging capabilities
  • Ecosystem incentive programs

cvxCRV and Convex Mechanics

The Convex value proposition:

  • Aggregated veCRV for maximum boost
  • cvxCRV stakers fund infrastructure
  • vlCVX holders direct gauge votes
  • Sustainable yield model

Risk Disclosures

Mantle Protocol Risk: mETH depends on Mantle's staking infrastructure. Protocol issues could affect mETH. Newer Protocol Risk: Mantle LSP has less track record than established LSDs like stETH or rETH. Smart Contract Risk: Exposure to Curve, Convex, and Mantle contracts across multiple chains. Validator Risk: Mantle operates validators. Slashing or downtime affects mETH value. Depeg Risk: mETH may trade at discount during market stress or protocol concerns. Bridge Risk: Cross-chain mETH usage involves bridge security dependencies. Governance Risk: Mantle governance controls protocol parameters.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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