Mantle's weekly wrap-up at your fingertips 🌯👇

🗞️ Mantle's monthly virtual hangout at Townhall

🗳️ Vote for MIP-30 🙋🏻‍♀️

👚 Design Mantle's next event swag for 1K USDC in prizes

⚗️ Cast Your Vote: What's Cooking With MIP-30

Delegates, you know what to do! Voting ends May 28, 2024.

 now facilitates gasless swaps for tokens on Mantle Network

 cross-chain messaging for Mantle Network avail

Design the Mantle team's next event swag so we can walk down the runway like this 💁🏻‍♀

🐱ྀི Up on the Charts: Mantle-Supported 

One of Mantle's biggest eco allies, Catizen, has been all the rage in the community in recent weeks with more than 316K users and 2.1M transactions recorded on the game launched on Mantle Network 🔥

 is making it easy for you to explore the world of everyone's favorite felines in Catizens 👇

 will be distributed in a user reward pool with Mantle Ecosystem Initiative Game7's newest event — Dungeons & Degens!

👉 Check out new Mantle and Mantle Ecosystem quests for easy rewards on Mantle Missions

👉 mETH holders on Mantle L2 can view your Phase 1 

👉 Put your mETH to use in Mantle Ecosystem:

🌿 That's it for this week! We've got plenty of exciting news coming your way in a few days, including a peek into what's cooking with cMETH.

Mantle's weekly wrap-up at your fingertips 🌯👇

🗞️ Mantle's monthly virtual hangout at Townhall
🤺 Launch of the Mantle x @G7_DAO Dungeons & Degens event
🗳️ Vote for MIP-30 🙋🏻‍♀️
👚 Design Mantle's next event swag for 1K USDC in prizes

And more! 
⚗️ Cast Your Vote: What's Cooking With MIP-30

Delegates, you know what to do! Voting ends May 28, 2024.

https://x.com/0xMantle/status/1793665234395447677
🪐 Buzzing in the Ecosystem

@FBTC_official celebrates Bitcoin Pizza Day 🍕
@LootexIO's Smart Frens song was launched
@MysoFinance's IOO went live 🔥
@smolrefuel now facilitates gasless swaps for tokens on Mantle Network
@MapProtocol cross-chain messaging for Mantle Network avail
👕 Nuff said.

Design the Mantle team's next event swag so we can walk down the runway like this 💁🏻‍♀

https://x.com/0xMantle/status/1793265896774869326 
🐱ྀི Up on the Charts: Mantle-Supported @CatizenAI

One of Mantle's biggest eco allies, Catizen, has been all the rage in the community in recent weeks with more than 316K users and 2.1M transactions recorded on the game launched on Mantle Network 🔥

https://query.nansen.ai/public/dashboards/pVgymyeSblvserA7W3wgMkhPHH449th4BiRe5NG1?org_slug=default 
Core partner @Bybit_Official @Bybit_Web3 is making it easy for you to explore the world of everyone's favorite felines in Catizens 👇

https://x.com/Bybit_Official/status/1788809690014515632
🏰 Step into the Dungeons with @G7_DAO

Up to 2M $MNT will be distributed in a user reward pool with Mantle Ecosystem Initiative Game7's newest event — Dungeons & Degens!

May the best players win the prize 🗃

https://x.com/G7_DAO/status/1793289394406719551
💡 New to Mantle?

👉 Check out new Mantle and Mantle Ecosystem quests for easy rewards on Mantle Missions

https://x.com/0xMantle/status/1792993804426813557
👩🏻‍💻 Just for mETH Holders

👉 mETH holders on Mantle L2 can view your Phase 1 $EIGEN tokens allocated
👉 Put your mETH to use in Mantle Ecosystem:

https://www.mantle.xyz/blog/ecosystem/unlock-the-potential-of-meth-in-mantle-ecosystem 
🌿 That's it for this week! We've got plenty of exciting news coming your way in a few days, including a peek into what's cooking with cMETH.

Make sure you...

☑️ Vote
☑️ Pick a fight in the dungeons
☑️ Pick up a cat
☑️ Hold mETH on Mantle L2

Until the next roundup! 🍵

As we wrap up another week, catch up with Mantle's latest highlights! 🎬✨

🗣️ The next Mantle Townhall is incoming

🤝 Smart Frens x Citizens of Mantle collaboration

🏆 Mantle v2 Public Contest winners revealed

📈 Maximize rewards with Mantle Missions  strategic guide 

Join us for an exciting celebration as Smart Frens unite with Citizens of Mantle! 🎉

, 20 Smart Frens and a 10,500 MNT reward pool are up for grabs! Don't miss out — get involved now! ⤵️ 

The next Mantle Community Townhall is right around the corner 😮

⏰ Happening May 30 at 2PM UTC, don't miss out.

Explore everything related to MNT; your perfect starting point awaits! ✨

Easily view phase 1 EIGEN earned from EigenLayer points on Mantle Network 👀

EIGEN tokens from the Mantle Treasury, reflecting the EigenLayer Points accumulated, are now accessible on the mETH dashboard! 💪

The deadline to claim mShards from the Mantle Sharding With ETH ena event has been extended to May 25 at 9:59 AM UTC.

🎶 And for your weekend listening pleasure 🎶

And that's a wrap! Let us know your plans in the comments, and with the weather warming, be sure to touch grass 😉 

As we wrap up another week, catch up with Mantle's latest highlights! 🎬✨

🗣️ The next Mantle Townhall is incoming
🤝 Smart Frens x Citizens of Mantle collaboration
⚡ Check out Mantle's new one-stop $MNT shop
🚀 Phase 1 of EIGEN launches

➕ Much more! 
🐝 What's Buzzing in the Ecosystem:

🏊 @symbiosis_fi 95,000 MNT #MantleMissions prize pool
😱 3000 @LightCycle_City OG NFTs minted in 40 minutes
🏆 Mantle v2 Public Contest winners revealed
🤝 @0xNovaSeeds joins Mantle
📈 Maximize rewards with Mantle Missions  strategic guide 
Join us for an exciting celebration as Smart Frens unite with Citizens of Mantle! 🎉

In collaboration with @LootexIO, 20 Smart Frens and a 10,500 MNT reward pool are up for grabs! Don't miss out — get involved now! ⤵️ 
The next Mantle Community Townhall is right around the corner 😮

💰 700 $MNT prize pool
🔮 Find out what's next for Mantle
🚀 Ecosystem updates
➕ Much more...

⏰ Happening May 30 at 2PM UTC, don't miss out.

Register now: https://lu.ma/7xoydm57 
🟡 New With $MNT & $mETH:

Have you checked out Mantle's one-stop $MNT shop? 🫢

Explore everything related to MNT; your perfect starting point awaits! ✨

👉 https://www.mantle.xyz/mnt 
Easily view phase 1 EIGEN earned from EigenLayer points on Mantle Network 👀

EIGEN tokens from the Mantle Treasury, reflecting the EigenLayer Points accumulated, are now accessible on the mETH dashboard! 💪

🎯: https://meth.mantle.xyz/dashboard 
🚨 REMINDER:

The deadline to claim mShards from the Mantle Sharding With ETH ena event has been extended to May 25 at 9:59 AM UTC.

Remember to convert to $ENA by the same date! ⏰

👉 http://mantle.xyz/rewards-station https://www.mantle.xyz/rewards-station 
🎉 Exciting Upcoming Events:

🇻🇳 Mantle is heading to @gmvn_official! Meet the team and say hello IRL at #GMVN2024
💖 Join Mantle at @ethbelgrade 
🎶 And for your weekend listening pleasure 🎶

✅ Enjoy seamless NFT play with @FusionX_Finance and @LootexIO:
https://twitter.com/i/spaces/1RDGllNPwkMGL
✅ Check out @MetaCeneGame unveiled ⬇️
https://twitter.com/i/spaces/1eaJbgAvDMRxX
And that's a wrap! Let us know your plans in the comments, and with the weather warming, be sure to touch grass 😉 

Week in DeFi: Curve Founder OTC Deals, BOLD by Offchain Labs, BALD Rugs

Week in DeFi: UniswapX Unveiled, Chainlink CCIP and Mantle Mainnet

## What Is Mantle Network (MNT)?

Mantle Network is an L2 technology stack for scaling Ethereum, and is the first core product of Mantle Ecosystem. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and
transaction finality into modules — which can be individually upgraded and adopt the latest
innovations. 

As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies. 

MNT is the native token used for:

* Paying gas fees
* Growing the ecosystem
* Governance by the community

## Who Are the Founders of Mantle Network (MNT)?

There is no single founder. Mantle Network is a DAO-governed and accelerated network, where key decisions are made via governance by $MNT holders. jacobc.eth and Ben Zhou were early key contributors to the initial proposal that introduced Mantle Network.

## What Makes Mantle Network (MNT) Unique?

Mantle Network’s modular architecture hyperscales network performance at low fees and with faster finality. DApps can be built with exceptional UX, while relying on Ethereum’s unrivaled security.

Mantle Ecosystem also features a network of established partners and collaborators to support projects from conceptualization to infrastructure support and go-to-market strategies. Moreover, to support the next-generation of innovators, builders, and developers, Mantle is growing its
ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of
$200M.

## How Many Mantle Network (MNT) Coins Are There In Circulation?

Mantle token (MNT) powers Mantle Network as its native gas token and ecosystem growth
token, and serves as the governance token of Mantle Governance. All future Mantle
products will likewise be initiated by the Mantle token holder community through vote and
powered by Mantle token.

The total supply of MNT is 3,172,988,154 tokens and the current distribution of MNT is split with 51% in circulation and 49% allocated to Mantle Treasury.

## How Is Mantle Network (MNT) Secured?

Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. 

## Where Can You Buy Mantle (MNT)?

MNT is available on the following exchanges: Bybit, MEXC, BingX, Huobi, Gate, Coinone and Korbit.




## Modular Architecture: Mantle is built with a [modular] (https://coinmarketcap.com/alexandria/article/modular-vs-monolithic-blockchains-what-s-the-difference) design, meaning it can adapt to the changing needs and preferences of the users and developers, as well as to integrate with various blockchains and protocols.


## EigenLayer Element: Mantle uses a novel data availability layer called Mantle DA, which is powered by [EigenLayer’s] (https://coinmarketcap.com/alexandria/article/a-deep-dive-into-eigenlayer) EigenDA technology, a decentralized network of nodes that store and verify the data from the layer-two chains. EigenLayer Element ensures that the data is always available and consistent, even if the L2 chain goes offline or becomes corrupted.


## Mantle LSD: Mantle [liquid staking derivative] (https://coinmarketcap.com/alexandria/article/the-ultimate-guide-to-ethereum-liquid-staking) (LSD) aims to leverage product synergies with Mantle Network, including the adoption of mntETH on Mantle Network (an Ethereum L2) and partnerships with node operators and DeFi applications. It aims to be the preferred solution for the liquid staking of ETH from the Mantle Treasury and Mantle Ecosystem supporters, reducing deposit acquisition costs. Strategic synergies can be implemented through the Mantle Governance process.


Mantle

Wrapped Mantle

Cashtree Token

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023,  Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Arbitrum

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

Optimism

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.

On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

Aptos

Celestia

Pyth Network

Starknet

Manta Network

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.

Since 2017, the Telegram team had been developing the codebase for a blockchain network, then named Telegram Open Network (TON), with a native cryptocurrency named 'Gram.' In May 2020, Telegram founder and CEO Pavel Durov announced the end of Telegram's involvement with the TON Blockchain following a court order by the SEC. The Gram token was never issued.

Since 2020, the technology has been developed by an independent community of developers and blockchain enthusiasts. The non-profit TON Foundation is the most prominent of these supporters. The blockchain was renamed from "Telegram Open Network" to "The Open Network," with Toncoin now the native cryptocurrency of the TON network.
The whitepaper contains part of the original codebase written by Dr. Nikolai Durov, co-founder of Telegram and brother of Pavel Durov. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability.

TON Foundation's vision is to empower 500 million users to own their digital identity, data, and assets by 2028 by empowering developers to build a Web3 ecosystem in Telegram Messenger.

Toncoin

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

NEAR Protocol

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).

The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users.

Injective natively uses IBC and is highly-interoperable with multiple layer 1s, including, but not limited to, Polygon and Solana (through an upcoming Wormhole integration). It is also uniquely built to be interoperable with Ethereum, through its own decentralized ERC-20 token bridge, making Injective the first network within the Cosmos ecosystem to natively support Ethereum assets.

Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly. Injective, however, is the only blockchain that enables automatic smart contract execution. This capability serves as a powerful building block for developers to create novel use cases that would not be possible on any other chain.

The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Further details regarding each of these use cases can be found below:

Protocol Governance: The INJ token governs every single component of Injective, including chain upgrades. Since its mainnet launch, the Injective community has actively contributed to governance, with all proposals passing through a DAO governance vote. The comprehensive governance page is available here.

Protocol Fee Value Capture: 60% of all fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ. The burn auction page is available here.

Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure the Injective blockchain using a proof-of-stake mechanism. Validators and delegators can both participate in staking.

Developer Incentives: 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective which brings an ever growing funnel of builders to Injective.

Injective

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

Jupiter

Ondo

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.

All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Stacks

ORDI

Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.

Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.

Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.

The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.

Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana.

Lido DAO

In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.