Jump DeFi Announces Expansion to Mantle Network
Jump DeFi is excited to announce its expansion to Mantle Network, a high-performance modular Ethereum Layer-2 network. Jump DeFi and Mantle are joining forces in a partnership that aims to create robust DeFi and NFT ecosystems on Mantle Network.
To help grow the Mantle DeFi and NFT ecosystems, Jump DeFi has been awarded a grant from the Mantle Foundation. This grant will be used to fund the development of new DeFi apps and services on Mantle, as well as to promote adoption of the network.
Want to get involved and earn JUMP tokens for helping to test and improve our cutting-edge DeFi solutions on Mantle? Join the Jump DeFi Incentivized Testnet Campaign. Read the rest of this article to learn how to get started!
What is Jump DeFi?
Jump DeFi is a one-stop platform that provides a range of decentralized finance apps, services and NFT infrastructure. With its user-friendly interface, Jump DeFi offers a seamless and efficient experience for users who want to access key DeFi protocols via a single platform. Jump DeFi also supports builders with no-code applications that open up Web3 development to a wider audience, reduce costs and promote innovation within the space.
Jump DeFi first launched on NEAR Protocol in 2022 and quickly became a standout leader within the NEAR DeFi and NFT ecosystems. The goal for Jump DeFi has always been to maximize value for users and developers by expanding to nascent blockchain ecosystems with strong capabilities. In close partnership with Proximity and Mantle, Jump DeFi will establish multi-chain composability via the NEAR bOS (Blockchain Operating System).
Among the many apps currently offered by Jump DeFi are the Jump DEX Automated Market Maker, Jump Pad Token IDO Launchpad, Jump NFT Staking-as-a-Service Platform, and Jump Token Laboratory (no-code smart contract deployer).
As 2023 progresses, you can expect to see further expansion of development by Jump DeFi including:
- Leveraged yield farming with innovative lending solutions
- Custom-weighted and multi-token liquidity pools
- First-of-its-kind gamified trading platform
- Professional central limit order book trading interface
- Robust liquidity aggregation
- Multi-chain composability
However, the Jump DeFi “Jumper” community is the real gem, surpassing even the exciting upcoming developments and wide range of applications. The Jumpers have grown to 25,000+ members and proved their resilience in the face of the craziest market conditions ever seen in crypto. In 2022, Jump DeFi onboarded more than 15,000 new users onto NEAR Protocol, and now, with the latest expansion, an even greater number of active users will join the Mantle ecosystem.
What is Mantle Network and How is it Different from other L2 Solutions?
Mantle is an EVM compatible technology stack for scaling Ethereum. At its core, Mantle is built with a modular architecture that uses an optimistic rollup with an innovative data availability solution. This allows Mantle to inherit security from Ethereum and offer cheaper and more accessible data availability. Mantle is designed to provide fast transaction processing, high scalability, and seamless interoperability with other blockchain networks. With its innovative technology, Mantle aims to revolutionize the blockchain ecosystem and unlock its full potential.
Mantle is owned and accelerated by BitDAO, one of the most prominent DAOs in existence with over $2.5 Billion in treasury holdings. Backing of the entire BitDAO ecosystem behind Mantle is extremely powerful; both in resource availability and active community stakeholders. BitDAO’s BIT token is used as the native gas token and governance mechanism for Mantle Network.
Learn more about Mantle via their documentation linked here.
One of the main differences between Mantle and other L2 solutions is its modular data availability approach. Mantle uses EigenLayer to increase transaction throughput beyond traditional L2s. This accessible data availability means that Mantle can increase throughput without compromising on security and reducing the overhead of node operations. This decreases the processing requirement for validators and promotes increased decentralization.
Mantle also utilizes Multi-Party Computation (MPC) to minimize the trust risk of L2 execution results. This means that specialized nodes contribute to multi-party signatures that improve the correctness of off-chain transaction execution results, using Threshold Signature Scheme (TSS) technology. This allows Mantle to shorten the challenge period for withdrawals.
In addition to these improvements, Mantle will decentralize its Sequencer over time to offer secure and trustless block production. By rotating through a permissionless sequencer set, Mantle will reduce the potential for a single point of failure or censorship on the network. This will further increase the security and decentralization of Mantle.
Overall, Mantle Network offers a more efficient and secure approach to scaling Ethereum than other Layer 2 solutions. By utilizing modular data availability, MPC, and a decentralized Sequencer, Mantle is able to increase transaction throughput while maintaining high levels of security and decentralization. As the world of blockchain continues to evolve, Mantle Network is well-positioned to lead the way in Ethereum scaling solutions.
How to Get Involved
To kick-off the Mantle expansion, Jump DeFi is launching an incentivized testnet campaign. During this campaign, users who participate in testing the platform on the Mantle testnet will be eligible to earn a JUMP token airdrop. This campaign aims to encourage users to test the platform and provide feedback on its functionality and user experience.
You can check out the Jump DeFi Platform live on NEAR mainnet and learn more via the Whitepaper. Follow us on Twitter and join the Jumper community in Discord to be a part of the Jump DeFi growth journey!
Written By dleer_defi — Trove Labs Co-Founder & Jump DeFi Core Contributor
