Lawrence Jengar
Oct 23, 2024 18:06
Manta Network has launched the Manta Expedition, allowing users to earn MANTA rewards through various quests in different DeFi platforms.
Summary of the Manta Expedition 🚀
For enthusiasts of decentralized finance, Manta Network has exciting news: the Manta Expedition has just been introduced. This new program encourages crypto users to engage actively in various decentralized finance (DeFi) protocols, with the unique chance to earn MANTA rewards for their participation. By tackling a range of tasks across more than ten DeFi frameworks, participants can accumulate points and convert them into valuable rewards.
Embark on the Journey
The Manta Expedition kicked off on October 23, 2024, with plans to continue until January 23, 2025. Anyone interested can start by connecting their wallets and keeping track of their earned points. Progress is easily monitored—each completed quest is marked with a green tick, and participants’ points are refreshed daily at 00:00 UTC.
Structured Reward System 📈
This expedition boasts a three-tier reward framework: Departure, Settlement, and Building. Each tier presents distinct avenues for accumulating points and unlocking rewards.
Starting Point: Departure 🛫
Participants will first enter the Departure tier, where they need to transfer at least $10 in Ethereum or other Layer 2 assets to Manta Pacific. Each $10 ETH that is bridged allows users to earn a base of 100 points per day. It’s suggested to use bridges like Orbiter Finance and Owlto Finance for this purpose.
Next Level: Settlement 🚧
Advancing to the Settlement tier involves depositing or swapping bridged assets. Participants can complete quests here to enjoy a 2x Points Multiplier on their base points for every $10 of STONE, wUSDM, or mTokens held. Join Manta CeDeFi and hold STONE or wUSDM for additional rewards. Platforms such as QuickSwap and Oku Trade are recommended for acquiring these tokens.
Final Level: Building 🏗️
Within the Building tier, users can increase their participation by providing liquidity with STONE, wUSDM, or mTokens across various DeFi platforms on Manta Pacific. The duration of your liquidity investment determines the Points Multiplier, rewarding longer commitments with greater benefits.
Transforming Points into MANTA Rewards 🔄
At the end of the Manta Expedition, the points earned will be converted into MANTA rewards. This system encourages participants to maintain high engagement throughout the expedition duration, maximizing their chances for rewards.
Learn More About Manta Network 🌐
Manta Network stands out as a prominent modular Layer 2 scaling solution on Ethereum, currently supporting an impressive array of over 200 applications. Founded by accomplished professionals from top institutions like Harvard and MIT, the network has attracted investments from key players in the web3 sector, including Binance Labs. Manta Network remains dedicated to fostering a strong ecosystem for decentralized applications.
Hot Take 🔥
The Manta Expedition reflects a bold move in the decentralized finance space, combining fun quests with tangible rewards. As the ecosystem expands, your involvement could lead to not just enhanced understanding but also enjoyable financial incentives. This year presents a significant opportunity for you to interact with various DeFi protocols while potentially reaping the benefits of MANTA rewards.
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