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Liquid StakingUpdated Feb 13, 2026

mETH vs stETH

Compare Mantle mETH vs Lido stETH liquid staking tokens. Analyze L2 integration, yields, and whether Mantle's LST competes with the market leader.

Feature Comparison

FeaturemETHstETH
Total TVL
$1B+
$15B+Winner
Base APY
3.5-4.5%
3.5-4.2%Tie
Mantle Integration
NativeWinner
Via bridge
Multi-Chain Presence
Growing
DominantWinner
Ecosystem Incentives
Strong on MantleWinner
None
Mainnet Liquidity
Moderate
DeepestWinner
DeFi Integration
Mantle focused
UniversalWinner
Token Model
Value-accruing
RebasingTie
Track Record
Since 2023
Since 2020Winner
L2 Optimization
NativeWinner
General

mETH vs stETH: Mantle vs Lido Liquid Staking 2026

Mantle's mETH represents a unique approach to liquid staking. An L2 network creating its own LST. This comparison examines how mETH stacks up against Lido's dominant stETH.

Protocol Context

stETH is the market-leading liquid staking token with universal acceptance and deep liquidity across all of DeFi. mETH is Mantle Network's native liquid staking token, designed to integrate deeply with the Mantle L2 ecosystem. Holding mETH on Mantle provides additional yield opportunities and ecosystem benefits.

Strategic Positioning

stETH Position

  • Market leader across all chains
  • Deep integration everywhere
  • Chain-agnostic utility
  • Universal standard

mETH Position

  • Native to Mantle ecosystem
  • L2-specific optimizations
  • Ecosystem incentives on Mantle
  • Growing cross-chain presence

Yield Comparison

stETH Yields

  • Base APY: 3.5-4.2%
  • Fee: 10%
  • Model: Rebasing
  • Bonus: None

mETH Yields

  • Base APY: 3.5-4.5%
  • Fee: 10%
  • Model: Value-accruing
  • Bonus: Enhanced yields on Mantle, ecosystem incentives

mETH can offer higher total yields when used within the Mantle ecosystem.

Ecosystem Integration

stETH on Mantle

  • Available via bridging
  • Standard integration
  • Liquidity may be thinner than mainnet

mETH on Mantle

  • Native integration
  • Deeper liquidity
  • Ecosystem incentives
  • Preferred collateral in Mantle DeFi

Use Cases

Choose stETH When:

  • You need maximum liquidity
  • You operate across multiple chains
  • Track record and stability matter
  • You're not focused on Mantle

Choose mETH When:

  • You're active on Mantle Network
  • Ecosystem incentives are valuable
  • You want L2-optimized staking
  • You believe in Mantle's growth

Conclusion

stETH remains the universal choice for liquid staking across DeFi. mETH makes sense specifically for Mantle ecosystem participants who can leverage its native integration and incentives.

For general use, stETH. For Mantle-focused strategies, mETH provides unique advantages.

Monitor yields across LSTs with Fensory.

Risk Analysis

**Ecosystem Risk**: mETH's value proposition is tied to Mantle's success. StETH is chain-agnostic. **Liquidity Risk**: mETH has thinner liquidity outside Mantle. StETH is liquid everywhere. **Bridge Risk**: Using mETH cross-chain introduces bridge risks. **Protocol Risk**: Smaller TVL means less proven resilience. **Opportunity Risk**: Not using mETH on Mantle means missing ecosystem incentives.

Verdict

Winner: stETH for general liquid staking with universal acceptance. mETH wins specifically for Mantle ecosystem participants who can capture additional yields and incentives. Use stETH as default, mETH for Mantle-specific strategies.

Track yields on mETH and stETH in real-time.

Track live yields, compare protocols, and build your DeFi portfolio with Fensory.

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