What is Manta Network? Things to know about MANTA token
Because there are two different parts, Manta Network operates through a two-pronged approach. Each direction is fine-tuned to suit evolving needs in the Web3 world. Specifically:
- Manta Pacific : This class was created for EVM's native ZK applications. Manta Pacific's standout features include Universal Circuits, which make it easy to develop ZK applications using Solidity. It also offers a modular structure that ensures scalability while keeping gas fees low. The network is developer-centric, providing SDKs and proof keys for easy integration of on-chain identities in Dapps .
- Manta Atlantic : This class focuses on ZK-compliant credentials. It introduces zkSBT (Zero-Knowledge Simple Barter Tokens) that enables a private, reusable and auditable address system, called zkAddresses. Manta Atlantic stands out for its interoperability, allowing seamless interaction with other projects without the need for complex coding processes. This layer supports a variety of applications, including zkNFT, staking, and various ecosystem projects.
Through these two layers, Manta Network integrates advanced encryption solutions with user-friendly developer tools, enhancing the security, scalability and accessibility of the technology blockchain for the growing Web3 sector.
What is Manta New Paradigm?
Manta New Paradigm brings a groundbreaking approach to the Ethereum layer 2 ecosystem, focused on improving productivity. In essence, Manta's New Paradigm offers a multi-faceted profit model, an effective liquidity strategy through partnerships, an attractive NFT framework, and an efficient system of composability, all aimed at intended to provide users with significant value and enhanced earning potential.
High yield generation : It provides native yield for ETH and stablecoins (similar to Blast ). However, it is considered to offer more profitable opportunities than Blast.
Diverse Profit Sources : Unlike Blast's limited income model, New Paradigm has a “Penta Yield” system, which includes five earning sources, helping to maximize users' income.
Strategic partnerships and liquidity : Through partnerships with StakeStone and Mountain Protocol, New Paradigm facilitates native yield on Manta Pacific.
Token rewards and NFT incentives : Through the New Paradigm event, users can receive NFTs through lucky boxes. Incorporating these NFTs into the first modular L2 NFT will unlock special rewards, adding an interactive aspect to monetization.
Efficient ecosystem and composability : As the first L2 to enable composability of yield-generating tokens, Manta Pacific ensures optimal efficiency for users depositing ETH and stablecoins. Currently with over 900 million USD in TVL value and over 100 projects, it allows users to earn interest simply by holding assets on the network without staking or contract interaction.
image
Overview of MANTA cryptocurrency