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Futureguy
@futureguy
With Blackrock applying to stake its $ETH, i went back to a token i had on my radar for a long time. (slide 1) the token is $COOK, the governance token for mETH Protocol (built by Mantle). mETH Protocol is a permissionless protocol for ETH liquid staking and liquid restaking with over $1.3B (372.32k $ETH) in TVL. The token is 85% from the top, a result of poor $ETH performance in the past couple of months and lack of narrative, and is now sitting at $0.0081 with $7.8m market cap and $40.4m FDV. (slide 2) With institutions showing interest of $ETH staking, Mantle being a very institution aligned DAO, (WLFI holds ~$4.6m worth of $MNT {slide 3}), and the price of $COOK being -85%, i think it a good buy at theses prices. **(This is not a financial advice, please do your own research)**
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