Manta Network trusted setup done: Plonkup, MantaPay and the roadmap
Quote400 words
Commentary on Manta concluding its universal trusted setup for a Plonkup SNARK system, then outlines the product roadmap: MantaPay on Calamari, MantaSwap for private AMM trading, and private smart contracts, with BYOT asset support.
Key claims
Setup per quoted post: 28 days, 4,300+ contributors, 117 countries
MantaPay launches first on Calamari
MantaPay supports all DOT and KSM fungible assets
today @MantaNetwork successfully concluded the trusted set up of its universal zero knowledge #SNARK proof system 🔒🥷
more specifically, $MANTA relies on a PLONK-based proof system called Plonkup ✨
next up is #MantaPay 👀
quick 🧵 on what's going on at @MantaNetwork 👇
if you need a refresher on what SNARK proofs are, check the thread below 👇
x.com/expctchaos/status/1611398681890283521
for more info on PLONK, have a look here 👇
x.com/expctchaos/status/1611718204480712706
so @MantaNetwork does some fancy zk stuff
but what does it actually do?
@MantaNetwork is building a privacy-preserving #DeFi stack for @Polkadot. As mentioned above, @MantaNetwork does so by leveraging zkSNARKs to shield user privacy when transacting and exchanging digital assets
more specifically, @MantaNetwork currently has three core products in the pipeline
🔥 #MantaPay
🔥🔥 #MantaSwap
🔥🔥🔥 privacy-preserving smart contracts
#MantaPay is the first product to be launched. It's a UTXO-based (Unspent Transaction Output model) payment protocol that uses #zkSNARK to shield the linkage between coin transfers and preserve user #privacy
the trusted set up is a core step in launching #MantaPay. Now, with the testnet underway (see below) and the trusted set up complete, the next milestone will be launching #MantaPay on @CalamariNetwork
after that comes #MantaSwap, which provides anonymity for both traders and liquidity providers, while using the already well-established #AMM design. By using a relatively simple exchange algorithm, the #zk proof circuit size, as well as the prover efficiency, can be guaranteed
finally, @MantaNetwork will introduce privacy-preserving smart contracts, based on the #MantaPay & #MantaSwap zk circuits. These private smart contracts will enable devs to build & deploy their own privacy-preserving protocols and use @MantaNetwork's natively private assets
a lot of exciting stuff coming up with $MANTA
but for now, stay tuned for MantaPay testnet v3
it's the last testnet before the launch on
@CalamariNetwork, where it'll become the first private payment system ever in the $KSM ecosystem, supporting various parachain assets
this interoperability is what makes $MANTA so powerful, supporting a BYOT (Bring Your Own Token) model. To start with, MantaPay supports all $DOT / $KSM fungible assets. However, with the introduction of cross-chain bridges, $MANTA will support even more assets
for more info on the record-breaking $MANTA Plonkup set up ceremony, have a look here 👇
mantanetwork.medium.com/the-record-breaking-conclusion-of-the-trusted-setup-441382e675d3
& follow me for more on privacy-preserving technologies that will shape the future of crypto! 🥷✨
& check out my a bit older thread on $MANTA too👇
x.com/expctchaos/status/1486383616447889409
QUOTING @MantaNetwork
Today, @MantaNetwork officially concludes the largest trusted setup in #zkp history with the support of an amazing @Polkadot community and leaders like @gavofyork from @paritytech. 🗓 Duration: 28 days 🚀 Contributors: 4,300+ 🌎 Geographies: 117 countries 👇 What's next?
Today, @MantaNetwork officially concludes the largest trusted setup in #zkp history with the support of an amazing @Polkadot community and leaders like @gavofyork from @paritytech. 🗓 Duration: 28 days 🚀 Contributors: 4,300+ 🌎 Geographies: 117 countries 👇 What's next?
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How the covered assets moved · since 10 Jan 2023
Prices as of 23 Oct 2026This breakdown analyzes the project without making a call on the token, so price moves since publication are shown as market context.
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Zero has written 24 more pieces on Manta Network and $MANTA since this one.
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Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.