Exciting Partnership Between Mantle Network and IntentX
Are you ready for big news in the crypto world? Mantle Network, a web3 ecosystem centered around Ethereum layer 2 and the Ether liquid staking protocol, Mantle LSP, has recently formed a strategic alliance with IntentX. This new partnership with IntentX, a cutting-edge OTC derivatives decentralized exchange (DEX), is set to bring about significant improvements to liquidity and trading experiences within the Mantle ecosystem.
Summary of the Partnership
- Mantle Network has teamed up with IntentX, a next-gen OTC derivatives DEX.
- IntentX will operate as the flagship perpetual futures exchange for Mantle Network, providing over 261 trading pairs with 85% of platform revenue going back to $INTX stakers.
- Mantle EcoFund has invested in IntentX and granted 250,000 $MNT to incentivize traders and users.
- $INTX will be integrated into Mantle to improve liquidity and enhance the overall ecosystem.
- IntentX is developing an account abstraction solution for convenient one-click trading using traditional web2 login methods.
If youโre a trader looking for a seamless experience in the crypto market, IntentX is here to serve as Mantle Networkโs primary perpetual futures exchange. Offering a wide range of trading pairs on a non-KYC, permissionless platform, IntentX is set to revolutionize the industry by giving back 85% of its revenue to $INTX stakers. This DEX boasts intent-based perpetual products and one-click trading through familiar web2 login methods.
To support the growth of IntentX and facilitate its integration into the ecosystem, Mantle EcoFund has made strategic investments and provided a generous grant of 250,000 $MNT. This grant, the largest from the Mantle Foundation to date, will incentivize traders and users through various programs and initiatives.
With $INTX being deployed on Mantle, users can expect improved liquidity, community building, and better integration within the Mantle Ecosystem. Traders will have access to a multitude of $USDe perpetual pairs and the opportunity to earn Sats per $USDe deposited, up to a cap of $10 million.
The staked form of $INTX, $xINTX, plays a crucial role in the projectโs utility and value capture mechanism. By distributing 85% of its revenue to $INTX stakers, IntentX is committed to providing value and sustainability for its community. An exclusive airdrop event will also be launched alongside the $INTX token release to reward early supporters and users.
IntentX is also working on a custom account abstraction solution with gas management to enable one-click trading for Mantle users using traditional web2 log-in methods. The platformโs intent-based structure ensures competitive quotes and minimal slippage, bridging the gap between decentralized trading and centralized exchange liquidity.
In an effort to incentivize on-chain liquidity, IntentX traders can participate in the Trade to Earn program to receive daily $xINTX rewards. Keep an eye out for the special token generation event (TGE) that will take place after IntentX is fully deployed on the Mantle Network.
Hot Take: Unlocking Opportunities with Mantle Network and IntentX
Are you excited about the potential of this strategic alliance between Mantle Network and IntentX? With a focus on enhancing liquidity, improving trading experiences, and fostering community integration, this partnership is set to bring significant benefits to crypto traders and users. Stay tuned for more updates and opportunities as IntentX continues to develop innovative solutions for the crypto market!
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