Exploring Opportunities with Mantle
Good Morning Saints,
I hope you’re having a wonderful weekend.
If you’re reading this, you’re always one of the chosen Saints and special.
Shout-out to all of us who bridged to a one-way chain, thinking we would become millionaires as well because of $BALD
But truth be told, you're late whenever you see it on CT.
Abort mission.
Leave Base yet; let's explore this opportunity with Mantle.
Mantle is currently ranked 12th according to L2BEATS with a TVL of $44.71M.
I expect to see more liquidity inflow into the Mantle Ecosystem with time, $2.56B in treasury ain’t a joke.
Mantle is live on Mainnet and Mantle will become the first Modular Rollups to leverage EigenLayer DA.
The future is already moving towards Vitalik's triangle.
To onboard the next billion users to DeFI, we have to move towards L2 scaling. Mantle is already building this future, and its approach aims to achieve hyper-scalability while offering low fees.
Being a modular L2 blockchain, it handles the execution layer while leaving the settlement and consensus layer for Ethereum. The Data Availability Layer is then left for EigenLayer.
But in Mantle’s present state, its DA layer is currently handled by the Mantle DA module, which is powered by EigenDA and licensed by EigenLabs. This is a simplified solution until the EigenLayer canonical solution is ready for Mainnet launch.
This is also considered 30-70% cost savings compared to on-chain L1.
I previously covered how Mantle will drive the growth of the BitDAO Ecosystem, this will give you a heads-up on Mantle’s Initiative from onset.
Mantle's testnet was a stepping stone for its Mainnet launch. A review of the testnet stats was impressive, which was only a glimpse towards its vision of onboarding the next wave of DeFI users.
Mantle saw a total txn count of 12.5M, a unique smart contract of 103.9k, and 36.5k unique addresses. During its testnet phase, up to 80 projects were already built on Mantle.
Since its Mainnet launch, the count has been increasing. Looking to explore projects which are already live on Mantle; my friend here @2lambro already covered it
Also, to access the full projects building on Mantle Ecosystem, you can find it here.
Looking to build on Mantle, that's not an issue as its treasury already supercharges this initiative. $2.5B in treasury? Yeah, and this makes it the largest across the whole of DeFI.
Mantle is already giving grants to builders who are willing to contribute to the growth of its ecosystem.
As a builder, why should you build on Mantle?
Building on Mantle gives you benefits to its hyper-scale performance, which offers low fees and faster finality with a decentralized DA.
Robust security as it inherits its security from Ethereum
EVM compatibility, giving builders a seamless experience as building on Ethereum.
And behold, the citizens of Mantle by @Chenmaner have arrived. This is Mantle’s first-ever native NFT collection which serves as a gateway to the Mantle Ecosystem.
Early users of the Mantle Ecosystem can mint this when live and also, if not eligible, you can join the waitlist.
What's the utility?
This NFT stands as the user’s record of activities and accomplishments on Mantle. There are also future benefits that can be unlocked while holding these NFTs.
Now, let's look at the $MNT token. The $MNT token is the native token of Mantle’s Ecosystem.
Its utility includes:
Native gas token (pay fees with $MNT)
Governance
Staking for Node participation
Not just these, the $MNT token is the heart of the Mantle Ecosystem, which will supercharge all future Mantle products.
As Mantle is already live on Mainnet, where do you think the future is heading?
It doesn't just end there, as Mantle has already rolled out its vision for the future. I'm keen to see decentralized sequencers explored as an option, as stated in the roadmap.
This will minimize trust assumptions on relying on centralized sequencers in case of failure. EIP 4844 is also coming to Ethereum and Rollups, which will change them forever. Mantle will benefit equally from this, as it'll further reduce the costs of moving Data to L1.
Cheaper fees and higher throughout, as txn on Mantle will cost less < $0.01. Also coming soon is Mantle LSD, which is currently being explored and discussed in the forum.
This is a liquid staking protocol which Mantle will govern. Like how stakers stake $ETH with LIDo and receive the receipt token stETH, so do stakers stake $ETH with Mantle and receive the receipt token mntETH.
This feature isn’t live yet, but will be coming soon.
As the L2 race keeps heating, we're yet to witness Mantle rise as one of the leading scaling solutions.
Its Mainnet launch is only a starting point to its vision of scaling Ethereum; Mantle LSD will also be the next big thing, making it exceptional compared to other Rollups.
Airdrop Alpha Strategy
A chance for 6 fig+
$1k has always been recommended for airdrops, but it seems too little now. The more money, the more volume, the more Airdrops 1 $ETH+ highly recommended.
Bridge $ETH to Starknet using http://starkgate.starknet.io/
Make Swaps using https://myswap.xyz/ and https://10kswap.com/
Swap back to $ETH and withdraw to Mainnet using https://Orbiter.finance/
Bridge the $ETH again to Polygon zkEVM using https://wallet.polygon.technology/zkEVM-Bridge/bridge/
Now you're on polygon zkEVM, Swap using https://quickswap.exchange/
Don't swap to $DAI or make huge swaps, low liquidity.
Withdraw the $ETH to Mainnet using https://Bungee.exchange/ or https://Orbiter.finance/
Bridge the $ETH to Linea using https://bridge.linea.build/
Now on Linea, make swaps with https://Syncswap.xyz/ and https://echodex.io/
Withdraw the $ETH using https://rhino.fi/ or https://Orbiter.finance/
Bridge the $ETH to Mantle at https://bridge.mantle.xyz/ and Make swaps using https://fusionx.finance/, https://app.reax.one and https://Izumi.finance.
Withdraw using Bybit Exchange by swapping our $ETH to $MNT. No other Bridge yet is live on Mantle; using Native Bridge withdrawal takes a week. Also, apply this strategy when Base, Scroll and Taiko are live on Mainnet.
You can also still hop on Arkham, as only the first Airdrop was distributed.
Sign up using my referral link below as a form of appreciation.
Thanks for reading, and if you like it, do leave feedback and forward it to your Friends. There is love in Sharing, and see you next time.
DeFI Saint
Founder, The Saints Creed.