mETH Protocol will gradually cease operations of its liquid restaking token cmETH

Odaily Planet Daily News: mETH Protocol announced that it will gradually cease operations of its liquid restaking token (LRT) cmETH to refocus on the long-term direction of the protocol. Officials stated that other than cmETH, the remaining mETH Protocol products will continue to operate normally. cmETH holders can still proceed with redemption and cross-chain operations, while mETH stakers do not need to take any action.

Officials disclosed that since its launch, cmETH had grown into one of the most integrated LRTs, with a peak TVL of $620 million. However, after reassessing the current development of the restaking track, the team believes that shutting down cmETH is a more prudent choice. According to the timeline:

Starting from May 7, 2026, the cmETH minting function has been disabled;

Around mid-June 2026, the final EigenLayer reward distribution will take place;

On November 7, 2026, the claim window for historical cmETH activity rewards will officially close.