Permanent invitation code: Q7IU1
1. Introduction to Manta network
Manta Pacific is an Ethereum Layer2 designed for ZK applications, fully compatible with EVM and Solidity, based on Polygon CDK and Celestia, with built-in universal ZK circuits. Manta network's investors include @Polychain @BinanceLabs @coinfund_io and other institutions, with a total fundraising of over $60 million. (ps: the last round of valuation was $500 million)
2. New Paradigm event introduction and token airdrop time
New Paradigm is a fully upgraded version of the ecological liquidity incentive activity launched by Manta network based on Blast's design. Before the deposit is closed in January 2024, users can obtain corresponding points incentives (blind box fragments & blind boxes) by cross-chain to the Manta network main network through the newparadigm activity and lock ETH and USDC. After the blind box is opened, the NFT obtained can be exchanged for the Manta airdrop token incentive when the Manta token is launched. It is worth noting that according to the official website information, when the deposit stage stops in January, the NFT exchanged by the blind box can be used to receive the Manta token airdrop, which means that Manta Network will carry out a token airdrop activity in January 2024. This is also another large-scale airdrop activity that will be carried out by the highly valued infra ecosystem after Celestia.
3. Project security
The deposited ETH is used for collateralization, and USDC is used to buy government bonds, giving a principal-protected return of about 5%, and then the total 3%+2% airdrop is shared together.
4. Project revenue expectations
Principal guaranteed return: 5% After staking ETH and USDC for another 24 hours, users will receive $STONE (ETH LSD) and wUSDM generated by Manta's official cooperation projects StakeStone and Mountain protocol. Both are interest-bearing assets that can provide a 4-5% guaranteed return on the underlying currency, which is consistent with Blast.
DeFi Ecosystem Benefits: After obtaining StakeStone and wUSDM, users can participate in DeFi projects within the Manta ecosystem to obtain corresponding benefits. For example, becoming a DEX LP or participating in lending projects. Known DeFi projects that have and will support STONE and wUSDM include but are not limited to Quickswap, LayerBank, KEOM, Goku.Money, KiloEx, Oceanos, Lendlord, Aperture, Pacificswap, Izumi Finance, Dappos, Dodo. There are many mature blue-chip DeFi projects, so the risk is low, and the corresponding benefits are conservatively estimated to be 3-20% APR.
Manta token airdrop reward: This is also the most important layer of the three layers of expected returns. According to the official announcement, at least 3% of Manta tokens will be distributed as airdrop token rewards (with an additional 2% reward and 1.5% ecological project incentives) to all New Paradigm participants, and all unlocked at TGE. So what is the value of 3% of Manta tokens? Calculated based on the last round of valuation of 500 million US dollars, it is about $15M. If other L2 FDVs are used as references: Mantle ($125M TVL) FDV 3.3 billion US dollars, the corresponding airdrop value is $99M. At present, Manta's total TVL is $150M, and it is expected that the TVL will be about $200M at the end of the New paradigm event. After aligning with the ratio of FDV/TVL of other head L2, the valuation is about 2 billion US dollars, and the corresponding airdrop value is $60M. Assuming that the total amount of funds participating in New paradigm is $150M, the airdrop value is $60M, and the lock-up period takes the median value of 95 days, the corresponding APR is about 153% (non-compound interest).
5. How to expand profits
Depositing coins will give you Box fragments. Each E can get 25 fragments a week. 25 pieces can be exchanged for a Box. Only when you open the Box and get the NFT will you be eligible to share 3%
Collect all 6 NFTs to synthesize gold cards. Only with gold cards can you be eligible to receive the remaining 2% of airdrops. You can go to @PixelRealmlabs @Element_Market to replenish your draws in order to synthesize gold cards to expand your income.
6. How to reduce risk
It is expected that the TGE will be held in January 24. The staked ETH and USDC can be withdrawn 69 days after the TGE, which means that it will be withdrawn in about 100 days.
If you are worried that the TGE will take too long, or if you are worried about the opportunity cost and want to reduce the risk, you can sell Stone for ETH through https://quickswap.exchange and then bridge it out. There is currently a 10% discount, which is also a big price; wUSDM has poor liquidity and cannot be sold
Here is my New paradigm link. Welcome to team up with me and you will get extra points:
https://newparadigm.manta.network?inviteCode=Q7IU1 (copy the link and open it in your browser)
Permanent invitation code: Q7IU1
