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Cryptocurrency News Articles

Manta Network Accelerates Global Adoption through CeDeFi Expansion and Fast Finality Adoption

Jan 02, 2025 at 10:43 pm

Manta Network, a zero-knowledge (ZK) multi-module ecosystem that gained significant attention in the global cryptocurrency market through Binance Launchpool

Manta Network Accelerates Global Adoption through CeDeFi Expansion and Fast Finality Adoption

Manta Network, a multi-module zero-knowledge (ZK) ecosystem that garnered significant attention in the global cryptocurrency market through Binance Launchpool, announced on the 2nd (local time) that it will bolster global adoption by expanding CeDeFi and introducing Fast Finality.

Manta Network has constructed the 'Manta CeDeFi' program by integrating the regulatory custody infrastructure of Sepu (formerly Binance Custody) and MirrorX to ensure secure traceability. This program maximizes investor returns by offering original CeFi yields, DeFi yields from the Manta Pacific ecosystem, and point rewards (Manta token rewards) to investors.

Those holding tokens like Tether (USDT), USD Coin (USDC), Wrapped Bitcoin (WBTC), and Ethereum (ETH) in Manta Network can accrue strategic arbitrage profits based on CeFi, DeFi yields from Manta Pacific, and airdrop points that can be used for Fuel and Cytonic token generation events (TGE) through Manta wrapped token deposits. A total of 2.2 million MANTA tokens were distributed over six months until December last year, and the USDT staking rate reached up to 10%.

Manta Pacific is enhancing user experience and security by integrating Celestia's modular DA technology to ensure architectural flexibility. When users withdraw assets, the network enhances security by implementing a challenge period through an optimistic rollup structure.

The challenge period involves pausing asset withdrawals for a set duration for validity verification, and Manta Pacific has drastically reduced the existing time limit by introducing Fast Finality.

Usually, optimistic rollups take up to a week, but Manta Pacific users could withdraw within an average of three days. However, with the introduction of Fast Finality, Manta Pacific users can now withdraw immediately, offering a smoother and more efficient trading experience.

"We will flexibly adopt and deploy new technologies through a modular approach," said Kenny Li, co-founder of Manta Network, adding, "We aim to accelerate the popularization of decentralized technology by building a blockchain ecosystem with network security, resilience, and processing speed based on Fast Finality."

Hankyung.com Newsroom open@hankyung.com

Original source:bloomingbit

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