Manta Network Enhances Ecosystem with $vMANTA Staking Token - Blockchain.News

Manta Network Enhances Ecosystem with $vMANTA Staking Token

Manta Network introduces $vMANTA staking token to explore projects and maximize rewards across the Manta Pacific Ecosystem.

  • May 21, 2024 13:58
Manta Network Enhances Ecosystem with $vMANTA Staking Token

Manta Network Bolsters Ecosystem with $vMANTA Staking Token

According to a recent announcement by Manta Network, users can now utilize the $vMANTA staking token across the Manta Pacific Ecosystem to explore new projects and maximize their rewards. This introduction is set to bring a wave of benefits and incentives across the ecosystem.

Benefits of Using $vMANTA

The $vMANTA token offers several advantages to users. These include a Manta staking APY of around 30%, fee-free trading on Gull Network, trade-to-earn incentives on Gull Network for trading MANTA/vMANTA, boosted yield-farming incentives on Gull Network for vMANTA pools, and earning Monroe points through minting monUSD with $vMANTA.

Quick Start Guide to $vMANTA

Users can obtain $vMANTA by staking $MANTA on or by swapping for $MANTA on Gull Network’s native Swap on Manta Pacific. Once $vMANTA is obtained, users can explore various projects and maximize their rewards within the Manta Pacific ecosystem.

What is $vMANTA?

$vMANTA is a liquid staking token offered by Bifrost in return for staking $MANTA via Manta Pacific on the Omni app. $vMANTA allows users to continue earning APY on Manta staking while engaging in other Manta ecosystem activities. For more information on $vMANTA and its operation, users can consult the $vMANTA docs page on Bifrost.

$vMANTA Across the Manta Pacific Ecosystem

The introduction of $vMANTA enables its adoption across the entire Manta Pacific Ecosystem. While it natively earns yield, the true benefit of $vMANTA is the multitude of activities and projects that holders can engage in. The first emergence of adoption of $vMANTA has been observed through emerging projects on Manta Pacific such as Gull Network and Monroe.

Future Adoption of $vMANTA

Manta Network anticipates the continued adoption of $vMANTA across DeFi, SocialFi, GameFi, RWAs, and many other sectors. Users are encouraged to stay updated on all new activities involving $vMANTA through Manta Network's announcements and newsletters.

About Manta Network

Manta Network is a modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is the modular L2 ecosystem for EVM-native ZK applications and dApps that aim to deliver the lowest cost and optimal experience for users. Manta Network was established by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. It has received investments from top web3 investment funds, including Binance Labs and Polychain Capital, and has grown through participation in top web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator.

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