Odaily Planet Daily News Cryptocurrency exchange Bybit announced the official launch of cmETH, providing staking options for Ethereum users. To celebrate the launch, Bybit has launched a limited-time event: mint and hold cmETH through the Bybit On-Chain Earn service to enjoy an additional 6% APR of ETH holding income.
It is reported that cmETH is a Liquid Restaking Token (LRT) launched by Mantle Network based on the mETH Protocol. It aims to bring users higher yields and asset efficiency through a re-staking mechanism and superimpose Ethereum's native proof of stake (PoS) rewards. In addition, cmETH has a collateral value ratio (CVR) of up to 80%, and users can flexibly use pledged assets to obtain liquidity while maintaining income. Through Bybit Convert, users can quickly and for free exchange ETH, stETH, mETH and cmETH to achieve flexible trading operations.