Lawrence Jengar
Oct 23, 2024 18:06
Manta Network introduces the Manta Expedition, offering participants the opportunity to earn MANTA rewards by completing quests across various DeFi protocols.
In an exciting development for decentralized finance enthusiasts, Manta Network has announced the launch of the Manta Expedition, a new initiative designed to engage users with the potential to earn MANTA rewards. According to Manta Network, the expedition invites participants to complete a series of quests across more than ten DeFi protocols within its ecosystem.
Join the Expedition
The Manta Expedition officially commenced on October 23, 2024, and will run until January 23, 2025. Participants are encouraged to connect their wallets, track their points, and engage in various activities to increase their scores. Progress is indicated by a green tick for each completed quest, with points updated daily at 00:00 UTC.
Three-Tiered Reward System
The expedition is structured into three tiers: Departure, Settlement, and Building, each offering unique opportunities for earning points and rewards.
Tier 3: Departure
Participants begin with the Departure tier, where they must bridge at least $10 of ETH from Ethereum or other L2s to Manta Pacific. Holding these assets accrues daily points, with a base of 100 points per day for every $10 ETH bridged. Recommended bridges include Orbiter Finance and Owlto Finance.
Tier 2: Settlement
The Settlement tier requires depositing or swapping bridged assets. Completing quests in this tier provides a 2x Points Multiplier on the base points for every $10 of STONE, wUSDM, or mTokens held. Key activities include joining Manta CeDeFi and holding STONE or wUSDM. DEXes such as QuickSwap and Oku Trade are suggested for acquiring these tokens.
Tier 1: Building
In the Building tier, users can deepen their engagement by providing liquidity using STONE, wUSDM, or mTokens across various DeFi protocols on Manta Pacific. The duration of liquidity provision affects the Points Multiplier, with higher rewards for longer commitments.
Converting Points to MANTA Rewards
At the conclusion of the Manta Expedition, accumulated points will be converted into MANTA rewards, incentivizing participants to maximize their engagement throughout the expedition period.
About Manta Network
Manta Network is recognized as a leading modular L2 scaling solution on Ethereum, supporting over 200 applications. Founded by experts from institutions like Harvard and MIT, it has garnered investments from major web3 funds such as Binance Labs. Manta Network continues to focus on providing a robust environment for decentralized applications.
For more information, visit the Manta Network Medium page.
Image source: Shutterstock
