cmETH is a token pegged 1:1 to mETH, earned by repeatedly swapping mETH for a diversified portfolio of staked positions across platforms like EigenLayer, Symbiotic, and Karak, all involving active validation. This earns rewards in various third-party tokens, which users can claim periodically. Both mETH and cmETH can be utilized in DeFi and CeFi for use-cases like collateral in lending or perpetual trading platforms. Utilizing the LayerZero OFT standard, cmETH allows for quick and seamless cross-chain transfers within minutes and without slippage.
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