mETH Protocol
Best for independently tracked protocol
How it rates
- TVL of $457m recorded independently
- No audit report linked in the public dataset at this check
- No accounting methodology published at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metIndependent audit report linked publicly
No audit report linked in the public dataset at this check.
defillama.com/protocol/meth-protocol - Not met
- MetTracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/meth-protocol - Not metAccounting methodology published in the dataset
No methodology published at this check.
defillama.com/protocol/meth-protocol - MetApplication reachable at a public address
Reachable without an account at this check.
www.methprotocol.xyz/
- MetApplication reachable without an account
Reachable without an account at this check.
www.methprotocol.xyz/ - MetProtocol economics published independently
TVL and change history published.
defillama.com/protocol/meth-protocol - Not met
- PartialFee or reward model documented publicly
Application reachable for review; specific rates not captured at this check.
www.methprotocol.xyz/ - MetNo account required to reach the application
Reachable without an account at this check.
www.methprotocol.xyz/
- MetTotal value locked published independently
TVL $457m at this check.
defillama.com/protocol/meth-protocol - Met
- Not met
- Not met
- MetListed on the dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/meth-protocol
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/meth-protocol - Not met
- MetChains and category disclosed
Category Liquid Staking, 1 chain(s).
defillama.com/protocol/meth-protocol - Met
- Not met
- Met
- Met
- Not met
- Not met
- Met
A liquid staking protocol holding $457m within the Mantle ecosystem, with no audit report retrievable at a public address at this check.
Our assessment
mETH Protocol holds $457m as the staking layer of the Mantle ecosystem, which is backed by one of the larger treasuries in crypto. No audit report was retrievable at a public address at this check, which is what holds the score at 5.5.
Treasury backing is a real but partial comfort
A well-capitalised ecosystem behind a protocol means resources for development, potential recourse after a loss, and an incentive to avoid reputational damage. It is not a guarantee: a treasury can decline to cover a shortfall, and there is no contractual claim on it. Treat it as context, not as insurance.
Ecosystem staking derivatives are inward-facing
A derivative issued by and for one ecosystem gets deep integration inside it and limited acceptance outside. That is fine while you remain in the ecosystem and becomes a liquidity problem the moment you want to exit into something else — which is exactly when you are likely to want to.
The missing evidence
No audit report at a public address, with thin results on several transparency indicators. Counterparty and contract risk carries 35% of the score in this category, so this single gap accounts for most of the distance between mETH and the leaders.
Who it suits
mETH fits users committed to the Mantle ecosystem who want staking yield within it. Users wanting audited liquid staking with broad acceptance should use Lido, Rocket Pool or StakeWise.
How rivals compare
Frequently asked
Does this score mean mETH Protocol is safe?
No. It measures what an outsider can verify: linked audits, published methodology and independently recorded market data. Contract risk is not tested by us.
Where do the TVL and audit figures come from?
A public analytics dataset queried at the verification date, plus the audit reports it links. Both are re-runnable by anyone.
Why do some protocols score zero on audits?
Because no audit report is linked in the public record. The indicator records what a user can reach, not a claim that no audit exists.