TechFlow reports that Bybit, the world's second-largest cryptocurrency exchange by trading volume, has officially launched cmETH, offering a new option for Ethereum stakers.
To celebrate the launch, Bybit is running a limited-time promotion: users who mint and hold cmETH via Bybit On-Chain Earn will receive an additional 6% APR on their ETH holdings.
cmETH is a Liquid Restaking Token (LRT) launched by Mantle Network based on the mETH Protocol. It aims to enhance returns and capital efficiency by leveraging restaking mechanisms to compound native Ethereum Proof-of-Stake (PoS) rewards.
Key highlights of Bybit’s cmETH offering: Extra 6% APR bonus—during the promotional period, users minting and holding cmETH through Bybit On-Chain Earn can earn an additional 6% APR, delivering one of the most competitive staking yields in the market.
cmETH as collateral: cmETH has a collateral value ratio (CVR) of up to 80%, allowing users to maintain yield generation while flexibly unlocking liquidity from their staked assets.
Seamless asset conversion: Through Bybit Convert, users can instantly and freely swap between ETH, stETH, mETH, and cmETH, enabling easy portfolio management and flexible trading operations.
