Manta Network has launched Manta New Paradigm. This allows users to earn higher returns than Multisig. You will be granted the right to receive rewards along with a lucky box. Interestingly, Manta added a social element to this release. This includes inviting friends, forming teams with members, and participating in the ecosystem. All this in addition to seamlessly depositing stablecoins ETH and USDC.
At the time of initial announcement, Manta Network’s TVL was pegged at $30 million with over 100 projects deployed. With Manta New Paradigm, users will have enough liquidity to participate in any project on the network. Withdrawals are locked for 69 days following the initial Paradigm campaign. However, the utility of the token spans the entire underlying ecosystem.
There are two aspects in which Blast and Manta New Paradigm share mutual benefits: These are the basic rate of return and the double rate of return.
Manta New Paradigm offers a base yield of 4-5%, and so does Blast. Airdrop incentives under dual return are mainly in the Manta New Paradigm. 3% MANTA total supply base reward and 2% special reward are provided. Details about Blast are not available. 3x returns, 4x returns and 5x returns are where Manta New Paradigm dominates.
Additional profits are generated through DeFi configurability with projects in various fields such as GameFi, DeFi, and SocialFi. StakeStone and Mountain Protocol facilitate the incentive process. The former offers ETH incentives through staking, while the latter offers yields on stablecoins through US Treasury bills.
That said, we can see that ETH is trading at $2,277.45, up from $2,200 and down slightly by 0.08% over the last 24 hours. This value is relevant because it has increased by 14.67% in the last 30 days. Market capitalization and 24-hour trading volume decreased by 0.15% and increased by 8.26%, respectively.
Simply put, the development involves ETH and USDC, but so far it has not left a noticeable trace on Ether’s trading value.
Back in Manta New Paradigm, users can only obtain the Lucky Box after acquiring 25 box pieces. You can earn them through bridge tokens, inviting friends, and completing team goals. Lucky Box can be used for NFT creation, referral benefits, airdrop, NFT set completion, NFT marketplace trading, etc.
The release of Manta New Paradigm was divided into three phases. In the first phase, deposits can be made until early January 2024. Users only need to stake ETH or stablecoins to earn returns and box pieces. The second phase offers STONE and wUSDM. This can be accumulated within 24 hours and allowed to farm in native ecosystems. Finally, the third step is executed with the withdrawal of ETH and USDC. The period begins from the time the MANTA token rewards are distributed.