What is MantisSwap? MantisSwap is an AMM for trading Stable assets developed by Mantissa Finance on the Polygon ecosystem. So what is MantisSwap? How does it work? Let’s find out in this article!
To understand more about the project, you can read the following articles:
- What is Curve Finance (CRV)? Curve Finance Overview of Cryptocurrencies
- What is Wombat Exchange (WOM)? Wombat Exchange Cryptocurrency Overview
- What is Platypus Finance (PTP)? Platypus cryptocurrency overview
What is MantisSwap?
MantisSwap is an AMM for trading Stable assets developed by Mantissa Finance on the Polygon ecosystem. With the AMM mechanism, traders can add liquidity to avoid risks related to Impermanent Loss and traders can enjoy good prices and cheap fees.
The protocol is supporting 3 main types of Stablecoin assets: USDT, USDC, DAI.
Mantis introduces the concept of Asset Liability Management (ALM), maintains the state of each token to record assets and liabilities, a concept inspired by traditional finance. This design is what allows for one-sided liquidity provision.
In addition to ALM, MantisSwap uses the concept of liquidity ratio and implements it to value an asset instead of the number of tokens like traditional AMM. Liquidity Ratio is defined as the ratio of assets in the pool to the liabilities that the protocol has to pay back to its LPs (Liquidity Ratio = Asset In Pools / Deposits Made by LPs In Pools).
The protocol uses a veToken model for the project’s governance tokens to incentivize users to hold tokens with the aim of increasing profits. Create a War the same way Curve Finance did and was successful.
Development Roadmap
Quarter 4 2022:
- Audit
- Launch testnet
- partnership
Quarter 1 2023:
- Launched Public Beta on Polygon Mainnet
- MNT-MATIC DEX Listing
Quarter 2 2023:
- Launch of secondary groups (LSD as stMATIC-MATIC)
- Launch of veMNT governance and voting review
- Launch on Polygon zkEVM
Core Team
Updating…
Investors
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Tokenomics
Overview information about MantisSwap Token
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Token Allocation
- Investors & Advisors-14%: Reserved for investors and advisors (6-month lock-in, distribution over the next 24 months)
- Dex Liquidity-5%: Initial liquidity for Dexes
- Reward Emissions-42%: Reward Emissions usually reserved for LPs
- Team-15%: Reserved for core group (6 month lock, distributed over the next 24 months)
- Treasury-24%: DFor treasury (5% unlocked at TGE, then distributed over 36 months)
Exchanges
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MantisSwap’s Information Channel
- Website: https://app.mantissa.finance/#/swap
- Twitter: https://twitter.com/MantisSwap
- Discord: https://discord.gg/EHBRWYEa
- Medium:
Summary
MantisSwap has made several improvements to its AMM model for stable products. But competing in the Stableswap segment is extremely difficult when Curve is taking over the entire market share.
So I have clarified what MantisSwap is? MantisSwap cryptocurrency overview. Hope this article brings you a lot of useful knowledge!