LIVE$MANTA Network Focus on Sustainability and Ecosystem Growth
TVL Decline and New Strategy:
TVL dropped due to high yields offered by other L2 projects.
Users prioritized short-term gains over ecosystem development.
Manta is shifting focus from excessive token rewards to sustainable solutions.
Introducing CeDeFi:
Launched CeDeFi products offering high and stable returns on BTC, ETH, and stablecoins.
Provides a more durable alternative to token subsidies.
Building a Real-World Asset #MantaRWA Ecosystem:
Partnered with USDM, a compliant native yield stablecoin.
Joined Hong Kong Cyberport to attract financial institutions.
Ecosystem Development:
Over 200 ecological projects and 50+ DeFi projects on DefiLlama.
Focus on fostering collaboration and product iteration within the ecosystem.
Acknowledging past issues with project coordination and airdrops.
Infrastructure Development:
Integrating type-1 prover and aiming for multi-prover within OP Stack.
Promoting RWA integration at the zk application layer.
Exploring decentralized sequencers and other advancements.