π§ The gigabrains at @MantisSwap finally released their tokenomics, so it's time to reveal how Piston Finance will optimize & magnify your stablecoin yields on Mantis! π₯π₯
π§΅
https://t.co/EnRaQUsAul
Introducing the MantisSwap LP Rewards mechanism π
With this, we aim to bootstrap liquidity for our next-generation AMM on @0xPolygon in a way that makes incentivizing liquidity more efficient by aligning the interests of all the stakeholders π€
https://t.co/3R3B8M76MY
ππ @MantisSwap Public Beta is now live on @0xPolygon Mainnet! ππ
π https://t.co/Ee3lk95U6a
π² Users can now deposit their USDC, USDT or DAI
πͺ Get ready to experience single-sided LPing with maximum capital efficiency & protection against principal losses all in oneplace
With the MantisSwap Public Beta launch about to go live on @0xPolygon mainnet soon, it becomes important to understand what benefits Mantis provides to LPs and why would they use it in the first place
The collapse of UST, panic and depeg of MIM & USDT every few months and now USDC depeg have made it clear that pegged assets aren't always pegged.
There is a need for proper risk management in #DeFi so as to minimise the losses for the people that are most affected: LPs
A π§΅..
The official MantisSwap docs are live now !!! β¨
Your guide to understanding all about MantisSwap: the design, core concepts, functionality etc.. π
Read it here π
https://t.co/itKkLjwvPd
Hey Mantises,
As we get closer to our Public Beta launch on @0xPolygon, get ready for some new information in the coming week π
π Official Docs
ποΈ Public Beta Launch date and details
So stay tuned and make sure to join our discord!
https://t.co/m9dttpNaPm
- @0xPiston will be set up on testnet in 2/3 weeks
- wen docs & testnet phase 2, @MantisSwap ? π
- @30xFi is about 1/2 months away
- @0xUSDfi design going through peer-review
- then, whitepaper will be written
Our goal at Piston Finance is to highlight the benefits of DeFi & unlock the full potential of Mantis Swap for the masses.
We will play our part in delivering #DeFiforAll on @0xPolygon ππ
π§ The gigabrains at @MantisSwap finally released their tokenomics, so it's time to reveal how Piston Finance will optimize & magnify your stablecoin yields on Mantis! π₯π₯
π§΅
https://t.co/EnRaQUsAul
Introducing the MantisSwap LP Rewards mechanism π
With this, we aim to bootstrap liquidity for our next-generation AMM on @0xPolygon in a way that makes incentivizing liquidity more efficient by aligning the interests of all the stakeholders π€
https://t.co/3R3B8M76MY
2οΈβ£ No Barrier To Boosted Yields
More veMNT = More yield
But, accumulation of veMNT requires capital upfront & time, which may not be available to every user.
Piston will accumulate the veMNT & pass on the boosted yield to users.
How to incentivize liquidity and disincentivize mercenary farming in a sustainable way while aligning the interests of the stakeholders?
π MantisSwap LP Rewards Mechanism will do just that!
Details on Mantis native token, a new take on the veToken model π
#AMM#DEX
π’ Join us for our very first AMA where we will be discussing on:
- Vision of MantisSwap
- Single-sided LPing and design of Mantis
- Testnet Response (14K+ accounts and 300K transactions) and path to Mainnet
Looking forward to seeing you all!! π