In Brief:
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LayerBank will distribute $Manta incentives to liquidity providers and active users.
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Manta Team has promised an airdrop to the ecosystem through the wUSDM/STONE/TIA onboarding event and MantaFest.
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After the event concludes, $Manta rewards will be distributed to users based on their points.
LayerBank Incentives program on Manta
MantaNewParadigm | Manta Grants
LayerBank is launching a multifaceted incentive program to commemorate the integration of $wUSDM,$STONE,$TIA, a significant milestone for the Manta Pacific network.
wUSDM, STONE Points
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Users receive 0.15 wUSDM and STONE Points every 6 hours for every $1 or more in wUSDM and STONE supplied to LayerBank.
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Users earn 0.6 wUSDM and STONE Points every 6 hours for every $1 or more in wUSDM and STONE borrowed from LayerBank.
TIA Points
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Users receive 0.15 TIA Points every 6 hours for every $1 or more in TIA supplied to LayerBank.
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Users earn 0.6 TIA Points every 6 hours for every $1 or more in TIA borrowed from LayerBank.
Common Points
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Users receive 0.15 ETH, USDC, wstETH Points every 6 hours for every $1 or more in assets supplied to LayerBank.
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Users earn 0.6 ETH, USDC, wstETH Points every 6 hours for every $1 or more in assets borrowed from LayerBank.
A Daily Bonus points system is also in place, granting users an extra point for each hour of interaction with LayerBank.
The highly awaited first modular blockchain, Celestia, has launched the $TIA token! As a steadfast supporter of Celestia, Manta Pacific is bringing the $TIA token access to the EVM world.
LayerBank is excited to announce the forthcoming listing of $TIA and is honored to be one of the few projects to receive a $Manta grant within the Manta ecosystem. The LayerBank team is committed to transparently sharing these benefits with our users.
Manta Pacific Network, a modular blockchain network designed for zk-applications, offers a cost-effective, scalable, and gas-efficient environment by supporting EVM-native dApps as layer 2 (L2) solutions. The integration of Celestia's modular Data Availability (DA) technology enhances security and user experience by reducing gas fees for all dApps and users interacting with the Manta Pacific network through data expansion.
What is Celestia?
Celestia is a blockchain network that streamlines consensus and data availability, originating from the concept of a "LazyLedger," focusing on minimal consensus and data availability roles. Through Data Availability Sampling, Celestia ensures that data is perpetually available in the Celestia blockchain, enabling even light nodes to partake in data verification through data availability sampling.
What Does This Mean for Manta Pacific?
This signifies the capacity to store significantly larger volumes of data, particularly for complex dApps with substantial data storage needs. This allows for more innovation in improving end-user usability and an enhanced development environment.
How to bridge TIA to Manta?
Please refer to this link for instructions on how to bridge TIA to the Manta chain. 👇
Currently, Keplr wallet is required, but soon a bridge to Manta will be supported on the Celestia Mainnet.
About LayerBank
LayerBank is a lending protocol designed to serve as the liquidity hub for all EVM rollups, offering a universal, permissionless banking solution across the OmniChain ecosystem.