Rivera Launches on Mantle Network: A New Dawn in the Era of Concentrated Liquidity
Today marks a pivotal moment in the Rivera Money journey. We are thrilled to announce the official launch of Rivera v1 on the Mantle Network, a partnership that promises to revolutionize the world of concentrated liquidity and DeFi.
Rivera’s journey to its v1 launch is a testament to rigorous testing and community-driven development. Over 8,000 early users participated in the testnet phase, offering invaluable feedback, ideas, and even delightful memes & sarcasm, keeping us on our toes, crucial in crafting a robust, secure, and user-friendly platform.
The users facilitated 25,000+ deposit/withdrawal transactions and 65,000+ transfers, allowing us to meticulously test and confirm everything is working as expected while optimizing more on capital and gas efficiency. The optimized performance, coupled with user-end excellence, illustrated the platform’s robustness and readiness for the mainnet. See the full testnet report here.
We also completed a rigorous security audit by the industry-renowned team of DeFi Moon. Check out the comprehensive audit report here.
Unveiling Rivera v1: A Quantum Leap in DeFi
Rivera Money introduces a permissionless liquidity management protocol that redefines concentrated positions into DeFi-composable yield tokens. By wrapping concentrated positions in ERC-20-based yield tokens through our proprietary ALM Vaults, we’re enabling users to harness optimal yield while maintaining capital concentration around the active trading zone.
The Mantle Advantage: Fast, Modular & Secure
Our choice to build on the Mantle Network was strategic and deliberate. Mantle’s modular architecture and optimistic roll-up technology provide higher transaction throughput, lower fees, and unparalleled security. This synergy aligns seamlessly with our vision to offer a seamless and secure experience for our users.
Recognition of our Innovation
We are humbled and grateful for the support and recognition bestowed upon us by Mantle Network and Uniswap Labs among many other industry pioneers and leaders. These acknowledgments validate the potential of our platform and embolden us to push the boundaries of permissionless finance further.
Acknowledging the Testnet Community: A Commitment Fulfilled
With the mainnet launch, we’re excited to confirm that Rivera will have its governance tokens — RIV in the future. As a testament to our commitment to community-driven innovation, we’re allocating 0.3% of the total RIV token supply (300,000 RIV) to our testnet users. We will be using pre-mined xRIV tokens which will be 1:1 redeemable into RIV tokens at TGE + 7 days for the testnet users.
Check out our announcement on Discord to know more about the testnet airdrop eligibility criteria and detailed calculation of xRIV allocation.
Security Reminder
Please exercise caution and remain vigilant. RIV and xRIV tokens are not on any blockchain yet. Avoid interacting with any fake tokens. Official announcements regarding Rivera tokens will be made through our authorized channels on Discord and Twitter. Be SAFU!
A Promising Future: Charting the Course Ahead
As we celebrate this momentous launch, the team is already hard at work, cooking up exciting partnerships and crafting innovative campaigns. Our mission is to not only boost the growth of the platform but also to drive widespread adoption of concentrated liquidity.
This is just the beginning, and the path ahead promises greater heights. Together, with your continued support and the dedication of our team, we’re poised to redefine the landscape of decentralized finance. Let’s rise together, onward and upward! 🚀
Website: https://rivera.money/
Launch App: https://app.rivera.money
Docs: https://rivera.gitbook.io/docs/
Twitter: https://twitter.com/Rivera_Money_
