⚡️ If you are interested in ZK Proof Technology , then #MANTA is for you, don't miss the BIG chance !!
🔸 Manta’s new CeDeFi product is off to a bullish start, with the project attracting more than $120 million in assets within its first week.
Data from DeFiLlama shows Manta CeDeFi boasting $121.5 million in total value locked (TVL) following its debut on May 19. The impressive growth is likely spurred by Manta offering a two-month points program qualifying early adopters who deposit assets before the product surpasses a $500 million TVL for monthly MANTA airdrops.
However, Manta CeDeFi’s user base appears heavily concentrated so far, with Colin Wu, a blockchain reporter, flagging that two whale wallets are responsible for nearly $100 million worth of CeDeFi's deposits.
🔸 Exploring Zero-Knowledge Proofs (ZK)
Zero Knowledge Proofs helps provide proof about the statement without revealing any information. Many blockchain networks are using ZK Proof because it can validate multiple transactions in a single proof without compromising privacy and security. Zero Knowledge Proofs are quite complex and require some cryptographic expertise to develop a ZK-based application. Manta Network also understands the massive potential of ZK proof, but in most cases, developing ZK-based applications is not user-friendly and has lots of complexity. Manta Network solves this problem by introducing Universal circuits, a ZK-based library through which users can easily develop ZK-based applications.
🔸 Understanding Manta Network
Manta Network is designed to address some of the most pressing challenges in the blockchain and DeFi space — privacy, security, and interoperability. Its purpose is to provide a robust infrastructure for zero-knowledge applications, enabling a new era of privacy-preserving yet transparent applications in the web3 ecosystem. Manta Network’s unique approach combines the speed and decentralization of Layer 1 solutions with the scalability and EVM compatibility of Layer 2 solutions.
