risk managerGauntletcomp.xyz
↓Deprecation of Linea and Mantle Comets
The Compound III USDe market on Mantle where mETH serves as collateral has seen limited adoption and is being deprecated. New supply is being capped at zero.
Overview
Mantle Staked Ether(METH)
Token Price$1,721
24h Change-2.53%
All Time HighAug 24, 2025$5,313
All Time LowApr 9, 2025$1,486
Key Metrics
Market Cap$361.09m
Fully Diluted Valuation$361.09m
Circ. Supply209,808 METH
Volume 24h$254,307
CEX Volume$117,275
DEX Volume$584,478
Risks
How much debt can be issued against METH as collateral across lending protocols.
Maximum possible exposure to METH
$49.08m
$49.08m (max additional borrows against METH) + $441.71 (bad debt if METH was hacked now)
Compound V3
$49.08m at-risk exposure = $408.68 bad debt if hacked + $49.08m additional borrowable against METH
Fluid
$33.03 at-risk exposure = $33.03 bad debt if hacked + $0 additional borrowable against METH
Methodology and limitations
Showing collateral exposure for METH on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for METH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
mETH0xd5f7838f5c461feff7fe49ea5ebaf7728bb0adfa | $49.08m | $408.68 | ||
mETH0xd5f7838f5c461feff7fe49ea5ebaf7728bb0adfa | $0 | $33.03 |
Risk Timeline
Risk-management actions published about METH by tracked risk managers and governance contributors, newest first.
risk managerGauntletcomp.xyz
↓Supply Cap Reductions Across L2 Comets
mETH shows strong 51% utilization in Mantle USDe Comet, indicating active demand, but the cap is being resized ~30% above current supply to align headroom with usage and mitigate excess exposure to DeFi exploit risks.
risk managerGauntletcomp.xyz
↓Compound Ethereum Supply Cap Reductions Across Comets
mETH has low 0.27% utilization in USDT Comet, below demand threshold. Capping at 0 reduces unnecessary exposure to LST-specific risks like depegs amid increased attack frequency.
risk managerGauntletcomp.xyz
↓Recommendations for Low Utilization Assets on Mainnet
The mETH market has shown low user demand with average supply cap utilization of 0.06% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
risk managerGauntletcomp.xyz
↓Recommendations for Low Utilization Assets in Compound Mainnet
mETH in the USDT Comet has averaged 5% supply cap utilization over the last 30 days, reflecting minimal demand. The cap reduction aims to limit unnecessary risk to the protocol.
contributor@dmitriywoofsoftwarecomp.xyz
→Chainlink SVR and CAPO oracle upgrades for USDT Mainnet
mETH price feed is upgraded to Chainlink SVR for better oracle integrity and CAPO to track its direct relation to ETH with yield accumulation, reducing risks from price deviations.
risk managerGauntletforum.euler.finance
↓Delist ETHx and mETH from Euler Prime
Demand for the mETH vault has been extremely weak, contributing just $0.36 in TVL while disproportionately exposing Euler to market risks as Prime has matured.
risk managerLlama Riskllamarisk.com
↓LlamaRisk April 2025 Monthly Community Update
Onboarding of mETH as collateral advised against on Aave v3 Mantle due to low liquidity, heightening risks of insufficient depth for liquidations.
risk managerLlama Riskllamarisk.com
↓Onboard MNT, mETH, cmETH as collateral on Aave v3 Mantle
mETH liquidity is extremely shallow, with a 200 mETH swap causing over 5% price impact and most depth in a single Merchant Moe pool; governance via the opaque COOK token lacks clear processes, and the 6-of-13 multisig has no timelock on critical functions like upgrades and pauses.
contributor@ACIgovernance.aave.com
↑Onboard MNT, mETH, cmETH as collateral on Aave v3 Mantle
mETH, Mantle Staked ETH, is a key liquid staking token in the Mantle ecosystem and is proposed as collateral to allow users to borrow familiar assets, supporting DeFi flows and tapping into APAC user growth from Mantle and Bybit.
Markets
Token Usage
An is required to view token usage.
Yields
Tracking 6 pools, average APY 2.46%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabMETH | $359.94m | 2.22% | 2.22% | 2.08% | |||||
| open in new tabMETH | $2.38m | 0% | 0% | 0% | |||||
| open in new tabWETH-METH0.05% | $1.06m | 1.81% | 1.81% | 0.31% | |||||
| open in new tabWETH-METH | $99,760 | 3.59% | 3.59% | 3.95% | |||||
| open in new tabMETHSuperchargerV2 | $39,861 | 0% | 0% | 0% | |||||
| open in new tabMETHLendle | 🪂 | $38,076 | 2.24% | 2.38% |
Borrow
Tracking 7 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabMETH ➞ USD1 | $91.08m | -3.44% | 0% | -4.13% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ USDC | $24.9m | -4.49% | 0% | -5.39% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ WETH | $19.51m | -0.87% | 0% | -1.05% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ WBTC | $664,948 | -0.22% | 0% | -0.26% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ CBBTC | $18,167 | -0.73% | 0% | -0.87% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ CRV | $17,923 | -0.05% | 0% | -0.06% | 83.33% | $2.38m | $0 | ||
| open in new tabMETH ➞ USDT | $5,104 | -17.25% | 0% | -20.70% | 83.33% | $2.38m | $0 |