Maintain the Liquidity of your ETH
mevETH is the non-custodial liquid staking receipt that offers the highest potential rewards today.
Liquid Staking meets Lending
mevETH is designed to rebalance across staking and lending to maximize yield.
mevETH captures multiple winning block proposals, meaning validators always earn more than compared with mev-boost.
mevETH's non-rebasing design means your balance will never decrease, and allows friction-free use with your favorite DeFi protocols.
Join the mevETH revolution today
0+ ETH and counting
mevETH is an Ethereum Liquid Staking Token (LST) built on top of the ERC-4626 Vault Token standard. This means there is no rebasing involved, and no need for a wrapped version of the token to be used within DeFi protocols like Curve or Balancer. Simplified, mevETH provides you shares to the tokens vault, which essentially grows in ETH from rewards.
mevETH stakes the ETH in the protocol into ETH validators, and captures rewards from the validators. There is a 10% fee for staking with MEV Protocol, which goes to the protocol. Additionally, MEV Protocol will be capturing rewards through various avenues involving MEV, and drive that to mevETH. Over time, mevETH will grow proportionally with the ETH it has garnished from validator rewards, and the future planned mechanisms to capture MEV.
ERC-4626 is a standard to optimize and unify the technical parameters of yield-bearing vaults. It provides a standard API for tokenized yield-bearing vaults that represent shares of a single underlying ERC-20 token. ERC-4626 also outlines an optional extension for tokenized vaults utilizing ERC-20, offering basic functionality for depositing, withdrawing tokens and reading balances.
No. As mevETH is a non-rebasing token thanks to the ERC-4626 vault standard, which provides shares to the underlying in the vault, the amount of mevETH will not change unless you deposit or withdraw mevETH. As the vault grows, your shares proportional to the vault will grow in terms of ETH
MEV Protocol applies a 10% fee on staking rewards, which goes to the protocol.
mevETH can be used to LP with pools on Curve and Balancer. Those LPs can additionally be staked in Protocols like Convex, Yearn, and Aura.
All of this can be done on the Redemptions page.
Thanks to mevRouter, it is designed to consider minting price vs. swap price from available LP pools. If it’s more efficient to swap ETH to mevETH, it will utilize the LP pools. If not, it will directly mint mevETH. It may also fulfill orders through both swapping and minting combined. Additionally, mevRouter will also help prevent getting sandwiched to ensure you the best rate when swapping mevETH.