Mantle Network, a leading Optimistic Rollup solution provider in the crypto world, has recently received a massive boost in funding and support from BitDAO, one of the most well-funded and respected DAOs in the space.

This news was announced via a tweet from Mantle Network, in which they outlined why they are bullish on the project and the exciting developments that are underway.

The crypto market is constantly evolving, and the rise of Optimistic Rollups has been one of the most significant developments in recent years. Optimistic Rollups are a layer 2 scaling solution that allows for faster and cheaper transactions on the Ethereum network, without sacrificing security or decentralization.

Mantle Network is one of the most promising Optimistic Rollups out there, and has been attracting a lot of attention in the crypto world due to its innovative approach and strong development team.

The recent tweet from Mantle Network outlined the reasons why they are bullish on the project, and why they believe it has the potential to revolutionize the world of crypto. According to the tweet, BitDAO has one of the largest treasuries in the crypto world, and has backed Mantle Network with a strong commitment to the project. This commitment was recently demonstrated through the passing of the BIP-19 proposal, which allocated significant funds for Mantle Network for the next year.

BIP-19 includes $10M in $BIT and $14M in $USDC for Testnet Opex, $145M in $BIT and $34M in $USDC for Mainnet Opex, and 15,000 ETH for gas fees. This injection of funds is a clear sign of BitDAO’s confidence in the project, and will undoubtedly help to accelerate the development of Mantle Network. With this kind of financial backing, Mantle Network is well positioned to take on the big players in the space and establish itself as a leader in the world of Optimistic Rollups.

In addition to the significant funding from BIP-19, the BitDAO forum is currently discussing two exciting proposals that could have a huge impact on the future of Mantle Network.

The first proposal involves partnering with core zkEVM Infrastructure to develop its own zkEVM, which would work alongside Mantle Network. This would be a significant step forward for the project, as it would enable it to offer even faster and more secure transactions.

The second proposal is about Mantle EcoFund, which would invest in development projects on the Mantle Network and develop the ecosystem. The fund would be worth $200M in total, and has reportedly attracted interest from prominent VCs like Dragonfly Capital, Pantera, and Folius Ventures.

These developments are a huge vote of confidence in the Mantle Network project, and are sure to generate a lot of excitement and attention in the crypto world. As the market becomes increasingly aware of the potential of Optimistic Rollups, Mantle Network is well positioned to become a leading player in this space. The team behind the project is highly skilled and experienced, and is constantly pushing the boundaries of what is possible in the world of Optimistic Rollups.

Overall, the future looks bright for Mantle Network and BitDAO in general. With a strong commitment to the project and significant funding and support, there is no doubt that this project has the potential to revolutionize the world of crypto. As the crypto world continues to evolve, it will be exciting to see how Mantle Network and BitDAO continue to push the boundaries of what is possible in this space. With the support of BitDAO and the wider crypto community, there is no limit to what Mantle Network can achieve.

This article was republished from azcoinnews.com

#Bitdao #Mantlenetwork #mantle #BIT

I have been introducing the Mantle Methamorphosis airdrop event to everyone before, and today Binance WEB3 wallet is cooperating with them!

1. Activity period:
2024/8/8~2024/8/22

2.Multiple rewards
2.1 Exclusive cooperation prize pool-2.5 million COOK tokens
2.2 mETH’s pledge interest rate is currently about 3% APR
2.3 Methamorphosis airdrop points

3. Gameplay
Click "Participate Now" on the 活動頁面 → Transfer ETH to Binance WEB3 Wallet → Pledge at least 0.02ETH to Mantle Chain.
Binance WEB3 wallet provides a complete 教程, you can just follow it.
(Note! According to the rules of the event, for prize pool 1, ETH must be pledged across the chain from Ethreum to Mantle to be eligible. For prize pool 2, only 0.02 ETH is required.)

Key points of this article:
A prize pool of one million MNT is divided into a 400,000 lottery prize pool and a 600,000 L3 task prize pool.
The second phase of tasks starts on 11/26 and ends on 12/24.
L3 tasks are divided into welcome tasks and advanced tasks, mainly focusing on cmETH and FBTC.
Recently, Mantle has been actively promoting cmETH and FBTC to seize the LST and LRT tracks. It recently established the "Mantle Yield Lab" and launched a series of incentive Defi protocols' Defi Fest activities, with a total prize pool of up to 1M MNT tokens (current market value approximately 1.17M). Come and see how to participate!
Basic information on Mantle Defi Fest
Event time
First phase community voting: 11/12-11/18 2024 1PM UTC (ended).

1. The mETH protocol on Mantle: An emerging force in DeFi*
On the Mantle platform, the native staking token $mETH of mETHProtocol stands out with unique liquidity and a wide range of application scenarios. Since the Season 1 airdrop, the total value locked (TVL) on the platform has reached $127 million, currently ranking as the fourth largest liquid staking token (LST) on Mantle, demonstrating great appeal to the DeFi community.

2. Key metrics of the Mantle chain
As of now, the TVL of the Mantle chain is approximately $518 million, with cumulative trading volume exceeding $11.14 billion. Compared to other Ethereum Layer 2 solutions, Mantle ranks fifth in TVL, indicating its future potential. Following the success of Season 1, the usage of mETH and cross-chain demand continue to grow, laying a solid foundation for the launch of Season 2.

#worldocin (WLD)
Worldcoin leads the altcoins that cryptocurrency whales bought this week. According to IntoTheBlock, the Large Holders Netflow of WLD, which measures the difference between the number of tokens that whales bought and sold, was negative on December 4.
However, today, that figure has risen to 57.25 million, indicating that cryptocurrency whales accumulated Worldcoin in large volume.
At the current price, this accumulation is worth approximately $220 million. It seems that these notable purchases impacted the price of Worldcoin, which rose by 35% to $3.86.