According to Odaily, blockchain data reveals that two whale addresses, ending in 937Be1 and e088c9, have successively transferred nearly $100 million worth of Ethereum (ETH) and Bitcoin (BTC) to the Manta Pacific Network. These funds are reportedly being used to participate in Manta CeDeFi products.
Manta CeDeFi products are real coin-based yield products launched by the Manta Network. Through the use of Ceffu MirrorX technology, they can generate institutional CeFi returns and capital rate arbitrage returns. Manta CeDeFi has unlocked CeFi solutions that are typically only available to exchange VIPs.
At present, the APY for BTC and ETH coin-based is 5.6%, while for USDT and USDC coin-based, it is 17.5%.
