Bybit officially launches cmETH. Minting and holding cmETH can enjoy an additional 6% APR

Odaily 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 on ETH holdings.
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 returns and asset efficiency through the re-staking mechanism and the Ethereum native proof of stake (PoS) reward. 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 returns. Through Bybit Convert, users can quickly and for free exchange ETH, stETH, mETH and cmETH to achieve flexible trading operations.