๐ฅ Unleash the Power of Magma Finance on the Mantle Network! ๐
Discover the perfect fusion of DeFi and blockchain technology with Magma Finance, soaring high on the majestic Mantle Network.
๐งตHere's why Magma Finance chose @0xMantle as our preferred blockchain:
#Mantle $MNT
๐๏ธ New @Edge_Pod!
๐ What makes @0xMantle different as an L2
๐ Their focus on the end user and products they want
๐ Top Mantle dApps going live soon
๐ธ mUSD backed by @OndoFinance
๐ฝ mETH and how it earns 7.2% APY staking yield
๐ช Real alpha on staking $MNT to earn airdrops
$MAGMA fam we are still building.
We have come across some hurdles that the team is trying to figure out
The team is still committed to making this work. Bare with us as the holiday season is coming and everyone prepares for the Christmas.
We appreciate you all.
๐จ Introducing a Mantle core product: Mantle LSP, a permissionless, non-custodial ETH liquid staking protocol!
Get your hands on $mETH, the value-accumulating receipt token that opens the gateway to expanded yield opportunities.
๐ข Check out the APY at: https://t.co/5uJADLgHiF
Pretty excited for @0xMantle Governance Proposal MIP-28:
https://t.co/MsZXxHWa7j
TLDR
- Increase liquidity support of @0xMantle Protocols
- Increase liquidity support towards yield bearing assets
- Kickstart Asset Rebalancing within the Mantle Treasury
- Allow subscriptions to Market Neutral Liquid Funds
Personal thoughts:
- The proposal simply allows for more active deployment of funds to generate yield
- With the upcoming flagship apps deployment on @0xMantle in Dec, liquidity support will be key to bootstrapping growth for protocols
- The upcoming deployment of RWA and LSD yield products on @0xMantle will benefit greatly from the liquidity support towards yield bearing assets.
- Some key yield products that will be integrated heavily in Mantle - $mUSD + $USDY , $mETH & $USDe.
- With close to $800m in liquid funds in the treasury, a simple 5% yield on the treasury would add $40m in revenue to @0xMantle
- Outside of the treasury yield, internal products like $mETH and Ecofund seed investments will add additional long term revenue sources.
- A growing treasury allows for flexibility in developing the @0xMantle ecosystem
- A key point of discussion would be the utility of $MNT. Asset rebalancing of the treasury potentially allows for $MNT buyback from the treasury.
- As network usage for @0xMantle increases, $MNT supply will become more scarce as the token will be used as gas cost
- With the development of $mETH, @0xMantle also kickstarts its efforts to incubate revenue generating products that can be integrated within its ecosystem.
- Got a nifty idea for the next internal @0xMantle project but thats something for the future ๐.
- To summarize, MIP-28 is a step in the right direction for the use of the Mantle Treasury.
- Increased Flexibility , long term growth of its network dapps and treasury will be key factors that ensure @0xMantle 's longevity
- Excited about the coming months. Onwards and upwards. LFG @0xMantle
Pretty excited for @0xMantle Governance Proposal MIP-28:
https://t.co/MsZXxHWa7j
TLDR
- Increase liquidity support of @0xMantle Protocols
- Increase liquidity support towards yield bearing assets
- Kickstart Asset Rebalancing within the Mantle Treasury
- Allow subscriptions to Market Neutral Liquid Funds
Personal thoughts:
- The proposal simply allows for more active deployment of funds to generate yield
- With the upcoming flagship apps deployment on @0xMantle in Dec, liquidity support will be key to bootstrapping growth for protocols
- The upcoming deployment of RWA and LSD yield products on @0xMantle will benefit greatly from the liquidity support towards yield bearing assets.
- Some key yield products that will be integrated heavily in Mantle - $mUSD + $USDY , $mETH & $USDe.
- With close to $800m in liquid funds in the treasury, a simple 5% yield on the treasury would add $40m in revenue to @0xMantle
- Outside of the treasury yield, internal products like $mETH and Ecofund seed investments will add additional long term revenue sources.
- A growing treasury allows for flexibility in developing the @0xMantle ecosystem
- A key point of discussion would be the utility of $MNT. Asset rebalancing of the treasury potentially allows for $MNT buyback from the treasury.
- As network usage for @0xMantle increases, $MNT supply will become more scarce as the token will be used as gas cost
- With the development of $mETH, @0xMantle also kickstarts its efforts to incubate revenue generating products that can be integrated within its ecosystem.
- Got a nifty idea for the next internal @0xMantle project but thats something for the future ๐.
- To summarize, MIP-28 is a step in the right direction for the use of the Mantle Treasury.
- Increased Flexibility , long term growth of its network dapps and treasury will be key factors that ensure @0xMantle 's longevity
- Excited about the coming months. Onwards and upwards. LFG @0xMantle
๐ @TrustWallet is now live on Mantle Mainnet!
This integration is a big step in enriching our ecosystem, offering a smooth & secure gateway to dApps.
Dive into all the exciting details of this integration and what it means for our community: https://t.co/8lTdDtpnyA
Bull or Bear the team of Magma Finance is still building.
We appreciate your patience while we make sure everything is good and secured. Without our community we are nothing.
Shout out to Vivek, Daniel, R Soul, and AM Ventures for always holding down the chat. โค๏ธ
๐จ Less than 36 hours left to mint Citizens of Mantle NFT!
For whitelistees, don't miss out on the chance to own your unique Citizen ๐ช https://t.co/nhQXFnedLe
โ How can you use your NFT?
We'll be providing details NEXT WEEK, so make sure you're holding onto your NFT then!
โ Anons, did you spend the weekend minting or trading your Citizen of Mantle NFTs?
โฐ We sure did, with only 5๏ธโฃ days left on the clock for whitelistees to get their complimentary mint: https://t.co/nhQXFndFVG
If you haven't, time to trade your NFT: https://t.co/NdOw3bJQPG
๐ฎ It's time for Monthly Mantle Moments: October 2023 edition!
Here's your chance to catch up on whatโs been cooking at Mantle in less than 5 mins.
โ On-chain & ecosystem updates
โ Mantle Journey, Citizens of Mantle NFT
+ more: https://t.co/YdvvbEnrVz
How to mint your Citizens of Mantle NFT ๐ฉโ๐๐ฎ
Only 9 days left for whitelistees to mint your complimentary Citizens of NFT, so be sure to follow along โจ
https://t.co/pVy2OFRZNp
TL;DR? ๐ค
Letโs dive straight into it ๐๐งต
Happy Monday Magma Fam!
๐ To celebrate the end of a great month we are offering for a limited time, a quest that is giving 1000 XP. ๐
To participate click the link below ๐๐
https://t.co/kTumU6zct7
gm fam, start the week with our Citizens of Mantle NFTs!
1๏ธโฃ1๏ธโฃ days left for whitelistees to mint their basic character.
โจ Every character is unique!
โจ Your NFT will evolve with add-on traits such as body accessories, headgear & facial accessories
โฆ https://t.co/GiZE2TGjQa
In preparation for our DEX and token launch. We are in the progress of setting up our @CoinMarketCap community.
Limited @zealy_io claims will be coming soon for 1000 xp.
So stay tuned for more news.
Collaboration Announcement ๐๐
We are excited to bring our Legion of Magma champions over to @QuestNEvents.
This partnership will allow us to expand our marketing capabilities and take advantage of QuestN superior marketing, analytical, and analysis tools in Web 3.
๐ More than 34,000 users now own their very own Citizen. This weekend, make sure you dash through the maze and collect all the basic characters you have an eye on via @mintleapp
Mint. Share. Explore. #OnMantle