The new Manta Pacific chain is ALL over Twitter. They currently have amassed more than $500,000,000 in TVL by hyping the entire crypto space. I bet you've seen the requirements:
- You can bridge and deposit ETH or USDC to earn yield and Box Pieces. The deposit period is open until January 2024 (the exact date is not known yet, but you don't have much time left)
- You will receive STONE and wUSDM within 24 hours on Manta Pacific L2. You can claim MANTA token rewards with NFTs until Jan 2024 before the deposit period ends.
- After 69 days of MANTA token rewards distributed, you can withdraw ETH and USDC back from STONE and wUSDM.
Aaaaanyway, if you've already done that ... what to do now? After receiving your STONE and wUSDM, you can use them in DeFi to acquire more rewards!
Here are some DeFi plays on Manta:
- DEX: (highest rewards and most attractive IMO)
- 405% APR on wETH/STONE with QuickSwap
- 110% APR on USDC/wUSDM with QuickSwap
- Lending:
- 5.1% APR on wUSDM with LayerBank
- 4.9% with Shoebill Finance
Participating in a campaign that's been funded by major players in the industry, while earning massive APRs is a win-win situation in my view. People's excitement all over Twitter confirms my POV.
I hope this post has been helpful! Thank you for reading.
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