We are extremely excited to announce that Omega is officially live exclusively on @0xMantle
Omega’s mission is to foster a healthier liquidity environment across Mantle via our custom leverage infrastructure.
Make sure to read the entire thread towards 🧵
I think there is a fundamental negative depiction of ADL across CT that needs to be reformed.
In DeFi perps trading, there is an ever-present risk of Basis, which is the difference between the current spot price in the market and the future price that a liquidation engine will be able to sell at. There is an inherent necessity to utilize ADL because of the lack of recourse in DeFi markets, as we do not know our counterparties, which is a circumstance that is not present in TradFi.
For instance, if you are levered long on stocks and get liquidated, your margin call will come in to settle the delta of your balance, even post-liquidation - ensuring that traders on the other side of the book are able to be made whole in the event that your collateral is not sufficient. If you do not fulfill that obligation, you will get sued.
ADL comes in to minimize basis risk, and without it, the likelihood that an exchange, either centralized or decentralized, becomes insolvent increases exponentially. What are the other options besides ADL: insurance funds and socialized losses; however, insurance funds are limited in size, and socialized losses are not meritocratic and often employed as a last line of defense.
Lastly, for everyone saying that it's unfair that @ethena was able to negotiate a 1:1 oracle price or bypass standard ADL policies, you're lacking market intelligence. They have been and remain fully overcollateralized, and thus, thin orderbook price differentials should not be relevant to maintaining the efficacy of true price, given that the basis can be removed via instant redemption.
Thank you for coming to my TED talk, I will not resume sh*t posting via quoting.
We are excited to announce that we have released two unique new vaults across @Mantle_Official focusing on cmETH adoption utilizing @pendle_fi and their unique mechanisms!
Users can now leverage into Pendle PT and LP for the upcoming June 25th expiry.
Farm Now!
Omega presents the most capital efficient Powder farm across the @Mantle_Official ecosystem 👨🌾
Utilize over 8 different assets as collateral to access up to 6x leverage on cmETH or fBTC looping earning 120x powder or 6x sparks 👩🎤
PS: we’re giving away over 150,000$ in $USDT
Introducing our mETH MasterChef course: 30,000 $COOK are up for grabs!
Jan. 23, 2025, 10AM UTC — Jan. 30, 2025, 10AM UTC
With the new look now in place, take this chance to showcase what you know about mETH Protocol, and earn extra rewards for doing so.
Learn more below.
Welcome @Omega_Infra to the API3 Ecosystem ⟁
Omega is powering their permissionless lending protocol with the API3 Oracle Stack, giving users access to composable leverage and enabling them to maximize their yield within the @0xMantle ecosystem.
We are excited to announce that our @IgnitionFBTC and @0xMantle cmETH 6x leveraged looping vaults are both live.
Deposit any supported asset as collateral, and then deploy it into either vault to begin earning up to 120x powder or 6x leveraged sparks!
All users will be eligible to earn future $OMGA rewards and a slice of the $100,000 USDT incentive pool 🌊
Get started by:
💧 Providing Liquidity
👨🌾 Engaging as an Active DeFi Farmer
Start exploring 🚀 https://t.co/lsKxh8Pjvk
More details 👉 https://t.co/ISQlHwKs5v
We are extremely excited to support the further growth of the Mantle network and existing + upcoming protocols and assets 💜 thank you for your support so far we just crossed 5 million in TVL
🚨 @Omega_Infra is now live on Mantle Network 🚨
Whether you want to earn passive yields or leverage your assets to maximize rewards, Omega's integration with Mantle unlocks new possibilities across the ecosystem 🌐
🚨 @Omega_Infra is now live on Mantle Network 🚨
Whether you want to earn passive yields or leverage your assets to maximize rewards, Omega's integration with Mantle unlocks new possibilities across the ecosystem 🌐
Weekly Update from Mantle ⚙️
1. $UXLINK is available on Rewards Station 🔒
2. @Omega_Infra has launched their first set of 6x leveraged vaults on Mantle.
3. New year, new heights with $MNT as we hit a fresh market cap ATH at $4.62B.
4. Who let the boys out? @petravoice bringing us the iconic Boys collection launching on Mantle Network on Jan. 9.
5. @mETHProtocol kicks off the year with $1.53B TVL in $mETH and $623M TVL in $cmETH.
6. Compound III is live on Mantle Network — $USDe and $mETH have been integrated.
7. Mantle Network implements P256 to bridge the gap between blockchain tech and mainstream hardware ecosystem.
Now tracking @Omega_Infra on @0xMantle
Lending protocol that allows for a variety of assets to be used as collateral to access 6x leverage through various yield farming strategies across the Mantle Ecosystem
We are excited to announce the launch of our first set of 6x leveraged vaults on @0xMantle with partners @MerchantMoe_xyz & @Agnidex ; enabling @ethena assets and cmETH
Begin farming up to 192x Ethena shards & up to 120x Mantle powder by depositing and borrowing today 🧑🌾
If you are currently idly holding wETH, cmETH, mETH, USDe, sUSDe, wMNT, USDT, AUSD, or fBTC on @0xMantle
Now is your chance to put it to work.
Deposit into Omega and earn up to 20x Powder, Ethena Shards, Omega Points, Eigen, Karak, and your share of $100,000 in USDT