Svmuu reported that mETH Protocol has announced it will gradually wind down operations of its liquid restaking token (LRT), cmETH, in order to refocus on the long-term direction of the protocol. According to the official statement, aside from cmETH, all other mETH Protocol products will continue to operate normally. cmETH holders can still proceed with redemptions and cross-chain operations, while mETH stakers do not need to take any action.
Official disclosures reveal that since its launch, cmETH had grown to become one of the most integrated LRTs, with a peak TVL of $620 million. However, after reassessing the current development of the restaking sector, the team believes that shutting down cmETH is a more prudent choice. The timeline is as follows:
Starting May 7, 2026, the cmETH minting function has been disabled;
Around mid-June 2026, the final EigenLayer reward distribution will take place;
On November 7, 2026, the window for claiming historical cmETH activity rewards will officially close.