Manta announced the launch of CeDeFi on May 19, describing the product as generating both CeFi and DeFi yields in parallel. Yields are earned through a combination of DeFi yields on the Manta Pacific chain alongside stablecoin funding rate arbitrage on centralized exchanges.
Custody services are provided by Ceffu, formerly Binance Custody. Binance Custody launched in December 2021 and rebranded to Ceffu in February 2023. Assets deposited to Manta CeDeFi are held by Ceffu, with users receiving on-chain “liquid custody tokens” representing their holdings on Manta Pacific that can be used for on-chain DeFi.
Funds are also “mirrored” to represent assets on the Binance centralized exchange via Ceffu’s MirrorX service, facilitating the execution of CeFi strategies.
“Ceffu generates revenue through Delta-neutral, low-risk trading strategies enabled by MirrorX,”
1. Research the Project: Understand what $MANTA is, its purpose, technology, team, and roadmap. Look for reputable sources of information. Manta CeDeFi currently supports deposits in the form of ETH, StakeStone’s Ether liquid staking token, STONE, Bitcoin tokens wBTC and BTCB, and the stablecoins USDT, USDC, and wUSDM.
2. Evaluate the Team: Assess the team's experience, expertise, and track record in the industry.
3. Analyze the Market: Look at the market demand for the project's solution and the potential for growth.
4. Assess Risk: Consider the risks associated with investing in $MANTA, such as regulatory, technological, and market risks.
5. Diversify Your Portfolio: Don't put all your funds into a single asset. Diversify across different assets to spread risk.
6. Use Dollar-Cost Averaging: Instead of investing a lump sum, consider investing a fixed amount regularly over time to reduce the impact of market volatility.
7. Set Realistic Expectations: Understand that all investments carry some level of risk, and there are no guarantees of