The Manta Network has recently unleashed its latest innovation, the New Paradigm, marking a revolutionary leap in the realm of Layer 2 solutions. While the echoes of previous impactful Manta programs still resonate, the arrival of New Paradigm is setting new benchmarks in yield generation and composability for users depositing ETH and stablecoins.
Diving into New Paradigm: A Unique L2 Experience
The New Paradigm initiative introduces a fresh perspective on earning yields. Unlike traditional approaches, it amalgamates yield-bearing tokens with composability, opening doors to maximum efficiency and rewards for users. With over $30 million in Total Value Locked (TVL) and a rich ecosystem boasting 100+ projects, Manta Pacific pioneers a new era in native yield for ETH and stablecoins.
Beyond Blast: Exploring New Paradigm Features
New Paradigm surpasses its predecessor, Blast, by offering an array of unparalleled features:
· Liquid Tokens on Day 1: Immediate access to liquid tokens within the Manta Ecosystem, providing interaction with over 150+ deployed projects on the network.
· Diverse Ecosystem: Manta Pacific boasts a vibrant ecosystem with over 200 projects and partners, continuously expanding on a weekly basis.
· Five Sources of Earning: In addition to the 4–5% fixed yield, New Paradigm introduces Box Pieces/NFT incentives, DeFi composability, and additional incentives from Manta Pacific ecosystem projects.
· Restaking stETH (Optional): Participants have the option to restake stETH, enhancing yield opportunities.
Understanding the Yield Mechanism
New Paradigm redefines the concept of yield on Layer 2 by collaborating with partners StakeStone and Mountain Protocol:
· STONE by StakeStone: A liquid staking token protocol providing optimized staking yields on Ethereum and L2s, powered by LayerZero.
· wUSDM by Mountain Protocol: An institutional-grade yield-stablecoin, ensuring safety and compliance, with rebasing features linked to US Treasury Bills.
Unlocking Manta Rewards with NFTs
Engaging with New Paradigm presents the opportunity to earn Manta Rewards through Lucky Boxes. Users can accumulate Box Pieces through various methods, including bridging tokens, inviting friends, and achieving team goals. These Lucky Boxes, in turn, offer NFTs, presenting participants with exclusive privileges and trading opportunities on NFT marketplaces.
The Road Ahead: New Paradigm Phases
The New Paradigm unfolds in three phases:
· Deposit Period: Users bridge and deposit ETH or USDC until January 2024.
· Farming Period: Participants receive STONE and wUSDM within 24 hours to farm within Manta Pacific L2.
· Withdrawal Period: After 69 days of MANTA token rewards distribution, users can withdraw ETH and USDC.
Stay Tuned for More Innovations
As Manta Network continues to unfold its New Paradigm, the promise of even greater utility looms on the horizon. The journey with Manta Paradigm delves into the groundbreaking world of Layer 2, marking a significant milestone in web3 evolution.
Conclusion: Charting a New Course with Manta’s New Paradigm
Manta Network’s New Paradigm marks a transformative leap in Layer 2 solutions, redefining native yield for ETH and stablecoins. With $30 million TVL and an expanding ecosystem, Manta Pacific introduces unprecedented features, immediate token access, and strategic partnerships with StakeStone and Mountain Protocol.
This phased approach, coupled with Lucky Box rewards and NFT incentives, solidifies Manta’s commitment to innovation. As users navigate New Paradigm, they embark on a journey that not only reshapes the web3 narrative but also propels Manta Network as a trailblazer in the decentralized evolution, promising a privacy-focused and user-centric future.
Posted by: olga73035
