As blockchain technology continues to advance, the Manta ecosystem continues to evolve. Today, we’ll dive into Manta’s latest innovation – the Manta Re-Staking Paradigm, a new concept of Liquid Restaking Tokens (LRTs) designed to optimize capital efficiency and revenue generation.
Overview of the Manta re-staking paradigm
The Manta re-staking paradigm is a new plan based on the previous new paradigm and continuous update paradigm. At the heart of this paradigm are Liquid Heavily Collateralized Tokens (LRTs), which will provide users with greater earning opportunities. Through Manta Pacific, users can bridge their weETH (wrapped Ethereum) into the Manta ecosystem and participate in the heavy-staking paradigm to earn additional rewards.
Penta Reward Plan: In the Manta re-staking paradigm, the reward structure is quite rich, mainly including existing rewards from the updated paradigm, rewards covering 11 different ecosystem projects, and a 3 million Manta reward pool. These rewards include:
ETH staking income: native income from staking ETH.
LRT project point bonus: LRT projects participating in the heavy-staking paradigm will provide points or reward bonuses. For example, by staking ETH on Ether.fi and bridging weETH to Manta Pacific, users can earn 2x Ether.fi loyalty points.
Eigenlayer points: All LRT projects will be heavily pledged through Eigenlayer, and users can obtain Eigenlayer points.
Manta Token Rewards: In order to support the updated paradigm and future LRT activities, a total of 3 million MANTA tokens have been reserved. Users who pass the heavy-collateralization paradigm can use LRT assets to participate in the update paradigm, thereby qualifying for Manta token rewards.
Manta Ecosystem Project Token Incentives: Users can use supported LRT tokens in the Manta Update Paradigm project to receive additional rewards from the Manta Ecosystem Project.
Ether.fi: The first project in the heavy-collateral paradigm
We are very excited to announce that Ether.fi becomes the first project in the Manta re-staking paradigm. Ether.fi is a non-custodial staking protocol that gives users key management autonomy and provides the best ETH staking and re-staking opportunities. As the liquid pledge derivative token of Ether.fi, weETH will automatically be heavily pledged to maximize DeFi returns.
Ether.fi’s reward mechanism
In the Manta re-staking paradigm, users who stake ETH through the Ether.fi platform will receive 2x Ether.fi points from now until the end of May. In addition, ETH staked through Manta's re-staking paradigm will also receive EigenLayer points. This reward mechanism is designed to encourage more users to participate and improve overall capital efficiency and revenue potential.
It should be noted that weETH will be locked until April 2024. Ether.fi loyalty points are accumulated in real time after the re-staking is completed, which usually takes 24 hours to complete.
Other LRT services to be launched soon: In addition to Ether.fi, the Manta ecosystem also plans to launch more LRT services to further expand user choices and revenue opportunities. The addition of these new projects will diversify Manta's re-staking paradigm and improve the overall user experience.
in conclusion
The launch of the Manta re-staking paradigm marks an important upgrade for the Manta ecosystem. Through Liquid Restaking Tokens (LRTs), users can not only obtain generous rewards, but also achieve significant improvements in capital usage efficiency. With the addition of Ether.fi, we look forward to more innovative projects entering the Manta ecosystem, providing users with richer choices and higher earning potential.
All this shows Manta's foresight in the field of blockchain technology and DeFi, providing users with a more flexible and efficient financial ecosystem. With the launch of more projects and services in the future, Manta will continue to lead the development direction of the industry and become a shining pearl in the blockchain world.