Manta Network Strengthens Ecosystem with $vMANTA Staking Token
According to a recent announcement from Manta Network, users can now leverage their $vMANTA staking tokens across the Manta Pacific ecosystem to explore new projects and maximize rewards. This introduction will bring many benefits and incentives across the ecosystem.
Benefits of using $vMANTA
The $vMANTA token offers several benefits to users. This includes approximately 30% Manta staking APY, commission-free trading on the Gull Network, transaction-yield incentives on the Gull Network for MANTA/vMANTA trading, enhanced yield farming incentives on the Gull Network for vMANTA pools, and earning Monroe Points. . By minting monUSD with $vMANTA.
Quick start guide to $vMANTA
Users can earn $vMANTA by staking $MANTA on omni.ls or by exchanging $MANTA on Manta Pacific’s Gull Network native Swap. Earning $vMANTA will allow users to explore various projects within the Manta Pacific ecosystem and maximize their rewards.
What is $vMANTA?
$vMANTA is a liquid staking token provided by Bifrost in return for staking $MANTA through Manta Pacific on the Omni app. $vMANTA allows users to continue earning APY from Manta staking while participating in other Manta ecosystem activities. For more information about $vMANTA and its operations, see Bifrost’s $vMANTA documentation page.
$vMANTA across the Manta Pacific ecosystem
The introduction of $vMANTA enables adoption across the entire Manta Pacific ecosystem. Although you earn a profit by default, the real benefit of $vMANTA lies in the variety of activities and projects that holders can participate in. The first emergence of $vMANTA adoption was observed through Manta Pacific’s emerging projects such as Gull Network and Monroe.
Future adoption of $vMANTA
Manta Network anticipates continued adoption of $vMANTA across DeFi, SocialFi, GameFi, RWA, and many other sectors. Users can stay updated on all new activities related to $vMANTA through announcements and newsletters from Manta Network.
Introduction to Manta Network
Manta Network is a modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is a modular L2 ecosystem for EVM-based ZK applications and dApps that aims to provide users with the lowest cost and optimal experience. Manta Network was founded by a team of experienced founders from renowned institutions such as Harvard, MIT, and Algorand. We have received investments from leading web3 investment funds, including Binance Labs and Polychain Capital, and have grown through participation in leading web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator.
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