Manta Network Enhances Ecosystem with $vMANTA Staking Token

Manta
Network
Bolsters
Ecosystem
with
$vMANTA
Staking
Token

According
to
a

recent
announcement
by
Manta
Network,
users
can
now
utilize
the
$vMANTA
staking
token
across
the
Manta
Pacific
Ecosystem
to
explore
new
projects
and
maximize
their
rewards.
This
introduction
is
set
to
bring
a
wave
of
benefits
and
incentives
across
the
ecosystem.

Benefits
of
Using
$vMANTA

The
$vMANTA
token
offers
several
advantages
to
users.
These
include
a
Manta
staking
APY
of
around
30%,
fee-free
trading
on
Gull
Network,
trade-to-earn
incentives
on
Gull
Network
for
trading
MANTA/vMANTA,
boosted
yield-farming
incentives
on
Gull
Network
for
vMANTA
pools,
and
earning
Monroe
points
through
minting
monUSD
with
$vMANTA.

Quick
Start
Guide
to
$vMANTA

Users
can
obtain
$vMANTA
by
staking
$MANTA
on
omni.ls
or
by
swapping
for
$MANTA
on
Gull
Network’s
native
Swap
on
Manta
Pacific.
Once
$vMANTA
is
obtained,
users
can
explore
various
projects
and
maximize
their
rewards
within
the
Manta
Pacific
ecosystem.

What
is
$vMANTA?

$vMANTA
is
a
liquid
staking
token
offered
by
Bifrost
in
return
for
staking
$MANTA
via
Manta
Pacific
on
the
Omni
app.
$vMANTA
allows
users
to
continue
earning
APY
on
Manta
staking
while
engaging
in
other
Manta
ecosystem
activities.
For
more
information
on
$vMANTA
and
its
operation,
users
can
consult
the
$vMANTA
docs
page
on
Bifrost.

$vMANTA
Across
the
Manta
Pacific
Ecosystem

The
introduction
of
$vMANTA
enables
its
adoption
across
the
entire
Manta
Pacific
Ecosystem.
While
it
natively
earns
yield,
the
true
benefit
of
$vMANTA
is
the
multitude
of
activities
and
projects
that
holders
can
engage
in.
The
first
emergence
of
adoption
of
$vMANTA
has
been
observed
through
emerging
projects
on
Manta
Pacific
such
as
Gull
Network
and
Monroe.

Future
Adoption
of
$vMANTA

Manta
Network
anticipates
the
continued
adoption
of
$vMANTA
across
DeFi,
SocialFi,
GameFi,
RWAs,
and
many
other
sectors.
Users
are
encouraged
to
stay
updated
on
all
new
activities
involving
$vMANTA
through
Manta
Network’s
announcements
and
newsletters.

About
Manta
Network

Manta
Network
is
a
modular
blockchain
for
zero-knowledge
(ZK)
applications.
Manta
Pacific
is
the
modular
L2
ecosystem
for
EVM-native
ZK
applications
and
dApps
that
aim
to
deliver
the
lowest
cost
and
optimal
experience
for
users.
Manta
Network
was
established
by
a
team
of
experienced
founders
from
prestigious
institutions,
including
Harvard,
MIT,
and
Algorand.
It
has
received
investments
from
top
web3
investment
funds,
including
Binance
Labs
and
Polychain
Capital,
and
has
grown
through
participation
in
top
web3
accelerators,
including
Alliance
DAO
and
Berkeley
Blockchain
Xcelerator.

Image
source:
Shutterstock

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