Algorithmic / under-collateralized stablecoin
mETH Protocol's assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
mETH is a staking receipt token (value-accruing LST backed by Ethereum validator rewards). It is not an algorithmic or under-collateralized stablecoin. The exchange rate is backed 1:1+ by staked ETH at all times. N/A per PD-024 taxonomy classification.
Sources #
- DocsmETH Protocol Overview — Mantle DocsmETH described as value-accumulating receipt token for ETH staking; fully backed by staked ETH via Beacon Chain validatorsretrieved 2026-05-16
Methodology #
Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol meth-protocol factor RD-F-069 score not_applicable collected_at 2026-05-16 02:17:50