Season 1: Methamorphosis Spotlight #2 — Merchant Moe & Stargate
08/12/243 min read
by Mantle
COOK
DeFi
mETH Protocol
Put your liquidity to work within Mantle Ecosystem and start accumulating Powder today!
Season 1: Methamorphosis features a wide selection of incentivized liquidity pools offering Powder rewards. To kick-start your journey in building your Powder stack and help users navigate these pools, we've created a guide spotlighting Merchant Moe and Stargate.
(1) Provide Liquidity on Merchant Moe and Earn Powder
Merchant Moe is one of the most prominent DEXs within Mantle Ecosystem, thanks to its innovative features that offer users enhanced yield farming opportunities.
One of its standout features, Moe's Dynamic Maker Awards (MDMA), addresses certain limitations of typical liquidity pools. MDMA offers targeted, real-time incentives to liquidity providers within defined price ranges around active market prices. This provides more efficient and flexible incentivization compared to traditional protocols.
Take advantage of the following Merchant Moe $mETH liquidity pools while earning Powder and EigenLayer Points:
- Provide liquidity for mETH/USDT in Merchant Moe - 40x Powder/Day.
- Provide liquidity for mETH/USDe in Merchant Moe - 40x Powder/Day (with bonus Sats!).
- Provide liquidity for mETH/WETH in Merchant Moe - 30x Powder/Day.
- Provide liquidity for mETH/FBTC in Merchant Moe - 30x Powder/Day.
Step-by-step guide
- Head over to Merchant Moe and connect your wallet.
- Click on the "Pool" tab at the top of the page.
- Select your desired $mETH pair.
- Enter the amount of liquidity you wish to provide.
- Choose your liquidity shape. For more information, please click "Learn more."
- Select the minimum and maximum prices for which you want to provide liquidity.
- Approve the relevant transactions.
- Select "Add Liquidity."
All done! Then all you have to do is sit back and accumulate rewards.
Users are free to remove liquidity at any time. Follow these steps to do so:
- Select the "Remove Liquidity" tab.
- Approve the amount you wish to remove.
- Finalize the transaction by clicking "Remove Liquidity."
(2) Deposit in Stargate’s $mETH Pool
The second protocol we are focusing on in this guide is Stargate Finance. With Stargate, users can transfer native assets cross-chain while accessing the protocol's unified liquidity pools. This approach allows Stargate to create deeper liquidity, reduce slippage, and provide more accurate transaction prices for users, all with instant guaranteed finality.
Stargate also allows users to add liquidity to its omnichain protocol through various pools and earn rewards on every Stargate transfer. One such pool is Stargate’s $mETH pool, which is part of Season 1: Methamorphosis and allows users to earn 20x Powder per day. Here’s how to get involved.
Step-by-step guide
- Connect your wallet.
- Select the "Pool" tab.
- Navigate to the V2 $mETH Pool.
- Enter the amount of liquidity you wish to provide.
- Select "Add Liquidity" and confirm the transaction.
Once you’ve confirmed the transaction, you’re all set! Remember, the longer you lock your liquidity up for, the more Powder you’ll earn.
To remove liquidity, it's simple.
- Select the "Remove" tab.
- Enter the amount you wish to withdraw.
- Select "Redeem Liquidity."
Remember, we are posting multiple Season 1: Methamorphosis Spotlight guides, so make sure you regularly check the Mantle blog and follow us on X/Twitter for the latest updates!