KTX.Finance Partners With Mantle
KTX.Finance is thrilled to announce its upcoming launch on Mantle Network, aiming to bolster the expansion of Mantle’s DeFi ecosystem and contribute to the decentralization of the Mantle Network.
This is a vibrant ecosystem set to take the blockchain world by storm with its optimistic Layer 2 roll-up solution, supported by a treasury of over $2.5 billion, a catalyzed capital pool of $200M in the Mantle Ecofund and a buzzing community.
Mantle Network has gone live and demonstrated why a multitude of builders and investors are excited to dive into their ecosystem. At KTX.Finance, we’re thrilled to support this mission of ushering in a new era of low trading fees, zero price impact and high capital efficiency!
Mantle As A Strong Partner
To enable mass adoption to DeFi, we have to move towards L2 scaling. For too long, users have had to deal with high fees, unscalable products, and lack of utility of yield assets, due to limited or costly infrastructure and a lack of composability of quality yield assets.
Mantle Network is already building this future, and its approach aims to achieve hyper-scalability while offering low fees by becoming the first Modular Rollups to leverage a separate data availability layer, Mantle DA, that is powered by EigenLayer’s data availability solution EigenDA. Being EVM-compatible means that all contracts and tools that work on Ethereum also function on the Mantle Network with minimal modifications.
Building on Mantle Network provides the benefits to its hyper-scale performance, which offers low fees and faster finality with a decentralized DA. With DeFi growing and accessible, developers can introduce their DeFi ecosystems on-chain at a significantly larger scale without being heavily impacted by major gas fees, all while maintaining robust security (for example, through the use of sidechains).
KTX.Finance Paving The Way for Mantle DeFi Ecosystem
We’ve witnessed the catastrophes caused by centralized players; lately, a movement towards DEXs has accelerated as individuals understand the importance of protecting their privacy and assets. Decentralized trading is on the brink of expansion, and innovative and diverse perpetual decentralized exchanges are required to strengthen core DeFi backbone on the Mantle ecosystem. Due to KTX.Finance’s interoperability nature, we can serve as the DeFi core to integrate the various DeFi products in the Mantle ecosystem, bootstrap liquidity and to provide a more holistic DeFi experience for Mantle’s users.
On Mantle Network, KTX.Finance will host an incentivized campaign to reward our early users. Participants can anticipate receiving $MNT token distributions and engaging in thrilling trading competitions for a chance to win attractive prizes.
The reward structure on Mantle will also slightly differ from that of BNB Chain.
- Gas Fees would be paid using the $MNT token.
- Rewards will be distributed with $WETH tokens.
- KLP Pool will consist of 50% $BTC & $ETH and 50% ($USDT). Gradually $MNT will be added to the mix, subject to community votes.
$WETH tokens are Real Yield from the protocol’s fees and will be rewarded to KTX.Finance’s Liquidity Providers and $KTC stakers.
We believe that Mantle is a perfect fit for KTX.Finance’s first cross-chain expansion given their outstanding Testnet statistics that can help onboard the next wave of DeFi users and traders:
- 14 million+ transactions
- 140k smart contracts deployed
- 48k developers
- 690k unique wallet addresses
- 157k monthly active wallet addresses
KTX.Finance eagerly joins the ecosystem, anticipating the development of a strong DeFi ecosystem in collaboration with the Mantle Foundation and other projects within it.
About Mantle
Mantle is a fast-growing, DAO-led web3 ecosystem whose goal is the mass adoption of decentralized and token-governed technologies. Mantle Ecosystem comprises Mantle products such as Mantle Network, Mantle Governance (DAO), and Mantle Treasury. Mantle token ($MNT) is the unified product and governance token of the ecosystem.
Become a follower of our mission to decentralize perpetuals trading!
You are still early! Trade more, socialize more, refer more and participate more and you will stand to benefit in our ecosystem as KTX.Finance grows to be one of the best DEX in DeFi.
