Manta New Paradigm: native yield L2 campaign with STONE and wUSDM
Thread500 words
Describes Manta's New Paradigm campaign for yield-bearing ETH and stablecoins composable on Manta Pacific via StakeStone and Mountain USDM, with phases, a 69-day withdrawal lock and the Blast comparison.
Key claims
Manta Pacific had over USD 30m TVL and 100+ projects
Withdrawals are locked for 69 days after the campaign
New Paradigm offers 4 to 5% fixed yield plus DeFi composability and restaking yield
Are you ready for the first L2 with native yield, anon? 👀
No, it's not Blast. It's better.
This time it's not a just a multisig. It's a modular zk-enabled EVM rollup with Celestia underneath 🧱✨
And yes there is an airdrop! 🪂
100% Alpha 🧵
1/ This is the first L2 to introduce composability for yield-bearing tokens.
This maximizes capital efficiency & rewards for users depositing ETH & stablecoins.
This could be a game-changer for L2s! 🤯
Will post Invite Codes later today, so get ready! 🪂 💸
2/ With over $30m in TVL already locked on its live network & over 100+ projects deployed, this L2 is ranked among the leading rollups on the market.
It's backed by @BinanceLabs and @polychaincap and currently built on a modified OP Stack with plans to move to @0xPolygon CDK.
3/ Have you guessed it anon?
Exactly. It's @MantaNetwork.
Enter a New Paradigm. ✨
4/ New Paradigm is Blast if someone strapped rockets to Blast. 🚀
@MantaNetwork is getting you there faster and with way more opportunities.
5/ Native yield-bearing ETH and stablecoins are no longer locked behind a multisig.
Start using them across 150+ projects already deployed on Manta Pacific.
6/ 💸 Five Sources of Earning & Yield
💰 What Blast and New Paradigm offer:
4–5% fixed yield on ETH and stablecoins
💰 What Blast and New Paradigm offer
NFTs incentives, redeemable for the final token airdrop.
7/ 💰 What ONLY New Paradigm offers:
Yield through DeFi composability on Manta Pacific
Incentives from Manta ecosystem projects for liquidity from New Paradigm participants.
Yield through restaking stETH (depends on @eigencloud Restaking Cap)
8/ New Paradigm gives you immediate access to liquidity on Manta Pacific.
While withdrawals are not enabled for 69 days after the initial New Paradigm campaign, you are able to immediately start using those tokens on Manta Pacific.
9/ Strong partners to facilitate all of this.
👉 @Stake_Stone, which leverages @LayerZero_Labs for token bridging, provides ETH incentives through staking.
👉 @MountainUSDM Protocol, a fully regulated RWA protocol, offers yield to stablecoins through US Treasury Bills.
10/ 🚀 Roadmap
1️⃣ Phase: Users deposit ETH or USDC to earn yield & Manta Box Pieces. Deposit until Jan 2024.
2️⃣ Phase: Farm STONE & wUSDM on Manta Pacific. Claim MANTA rewards until Jan 2024.
3️⃣ Phase: Withdraw ETH & USDC from STONE & wUSDM after 69 days of MANTA rewards.
11/ Through New Paradigm, you can also earn MANTA Rewards through Lucky Box NFTs! 🎁
Don't miss out & join now to maximize your rewards! 🪂
x.com/MantaNetwork/status/1735268753984864349
12/ Are you ready for the New Paradigm anon? 👀
Will post Invite Codes later today, so turn on your notifications! 🔔
Follow me @zerokn0wledge_ and @MantaNetwork to stay up to date! 🫡
Like/Repost of the below post is also highly appreciated! 🙏👇
Tagging some chads you should definitely follow! 🫡👇
@Louround_
@0xSalazar
@andyyy
@0xDinoEggs
@maestro
@poopmandefi
@hmalviya9
@DOLAK1NG
@WinterSoldierxz
@CryptoShiro_
@Cryptotrissy
@thesaint_
And some more! 🫡👇
@CJCJCJCJ_
@francescoweb3
@Hercules_Defi
@tomwanhh
@0xJermo
@andrewmoh
@splinter0n
@wacy_time1
@DefiIgnas
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What came next · since 15 Dec 2023
Show how the covered asset moved
This breakdown analyzes the project without making a call on the token, so price moves since publication are shown as market context.
Covered, no call
Since then
Zero has written 5 more pieces on Manta Network and $MANTA since this one.
- Liquid staking MANTA via Bifrost to farm ecosystem airdropsBullish call on $MANTA
- Manta Pacific launch guide: architecture, metrics, ecosystem and tokenomicsBullish call on $MANTA
- Manta Pacific as a bull-run epicentre and the launch of Manta ModularistOn Manta Network
- Manta Pacific metrics: $560M bridged, 4th largest rollup by TVLOn Manta Network
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.