Mantle Network’s Latest Updates: Liquid Staking, USDY Yield Token, and IntentX Partnership

The Mantle Network has been gaining traction with a series of exciting updates aimed at expanding its influence within the Ethereum layer-2 space. With a focus on decentralized finance (DeFi), Mantle is taking major steps toward offering more decentralized, yield-bearing, and liquidity-rich opportunities for users and investors.

From the launch of its non-custodial liquid staking protocol (Mantle LSP) to the introduction of the USDY yield token in collaboration with Ondo Finance, Mantle is building a more decentralized and yield-generating ecosystem. On top of that, its recent partnership with IntentX, a decentralized exchange (DEX) for perpetual futures trading, highlights Mantle’s push for greater liquidity and trading options.

Let’s dive into these key developments and what they mean for the future of Mantle’s ecosystem.

1. Mantle’s Non-Custodial Liquid Staking Protocol (Mantle LSP)

One of the most significant recent updates is the launch of Mantle LSP, a non-custodial liquid staking protocol. This new offering allows users to stake Ethereum (ETH) and receive Mantle-staked ether (mETH) in return.

1.1 Decentralizing Ethereum Staking

Currently, a large portion of ETH staking is concentrated on platforms like Lido and Coinbase, raising concerns about centralization in the Ethereum staking ecosystem. Mantle LSP aims to address this issue by offering a more decentralized staking solution, allowing users to stake ETH in a non-custodial manner while still retaining liquidity through mETH.

By offering Mantle-staked ether (mETH) in return, users can remain flexible with their assets while contributing to the security and decentralization of the Ethereum network. This approach enhances the overall decentralization of ETH staking and provides an alternative to the dominant staking platforms.

1.2 The Benefits of Mantle LSP

• Non-custodial staking: Users maintain control over their assets, reducing the risks associated with custodial services.
• Liquidity through mETH: By receiving mETH in return for staking ETH, users can continue to interact with other DeFi protocols and opportunities without locking up their assets.
• Decentralization: Mantle LSP helps distribute Ethereum staking more widely, reducing the risk of centralization.

2. Introducing the USDY Yield Token in Collaboration with Ondo Finance

In another major development, Mantle has partnered with Ondo Finance to launch the USDY yield token, which is backed by U.S. Treasury securities. This new yield-bearing token provides an alternative to traditional stablecoins like USDT and USDC, offering a more secure and transparent yield option for DeFi users.

2.1 USDY: A Yield-Bearing Alternative to Stablecoins

The USDY token is backed by U.S. Treasury securities, providing a safer way for users to earn yield compared to the risks associated with traditional stablecoins. With the volatility of the crypto market, USDY offers a stable yield backed by real-world assets, giving users more confidence in their investment.

• Backed by U.S. Treasury securities: USDY’s backing offers a lower-risk option for yield generation in the DeFi space.
• Alternative to USDT and USDC: While stablecoins like USDT and USDC are widely used, they can come with regulatory and transparency concerns. USDY provides an alternative with more backing transparency.
• Yield-bearing opportunities: Users can earn passive income through USDY, enhancing the overall yield-generating options in the Mantle ecosystem.

3. Mantle Partners with IntentX for Perpetual Futures Trading

Mantle’s ecosystem is further expanding with its partnership with IntentX, a next-gen decentralized exchange (DEX) focused on over-the-counter (OTC) derivatives and perpetual futures trading. IntentX adds a powerful tool to Mantle’s DeFi capabilities by offering more liquidity and a broader range of trading pairs.

3.1 Over 261 Trading Pairs and Revenue Distribution

IntentX offers more than 261 trading pairs, giving users a wide variety of options for trading on Mantle’s network. What makes IntentX particularly attractive is its revenue distribution model—85% of its revenue is distributed back to stakers, creating an incentive structure that rewards active participants.

• Perpetual futures trading: With a focus on perpetual futures, IntentX enables users to speculate on asset prices with leverage, bringing more liquidity and trading options to the Mantle ecosystem.
• Revenue-sharing model: By distributing 85% of its revenue to stakers, IntentX incentivizes users to participate in staking and liquidity provision.

3.2 Boosting Liquidity in the Mantle Ecosystem

The collaboration with IntentX brings much-needed liquidity to the Mantle ecosystem, making it more attractive for traders and liquidity providers. As Mantle continues to expand its DeFi offerings, partnerships like this will play a crucial role in creating a thriving trading environment for users.

4. What Do These Updates Mean for Mantle’s Future?

The combination of Mantle LSP, USDY yield token, and the IntentX partnership marks a major leap forward for Mantle’s ecosystem. These updates position Mantle as a strong contender in the Ethereum layer-2 space, offering more decentralized, liquid, and yield-generating opportunities for users.

4.1 Expanding DeFi Capabilities

Mantle’s focus on expanding its DeFi capabilities is evident in these updates. The introduction of liquid staking and the USDY token gives users more flexibility and safer yield options, while partnerships like IntentX improve liquidity and trading diversity.

4.2 Decentralization and Yield Opportunities

With Mantle LSP, the platform is addressing the centralization concerns of Ethereum staking, offering a non-custodial solution that encourages more decentralized participation. Meanwhile, the USDY token offers a yield-bearing alternative to traditional stablecoins, and IntentX’s revenue-sharing model incentivizes staking, helping to increase both liquidity and participation in the ecosystem.

Conclusion: Mantle Network is Expanding Its DeFi Horizons

Mantle Network is making significant strides with the launch of its non-custodial liquid staking protocol, the introduction of the USDY yield token in partnership with Ondo Finance, and its collaboration with IntentX to bring perpetual futures trading and enhanced liquidity to its ecosystem. These developments highlight Mantle’s commitment to decentralization, yield generation, and liquidity in the Ethereum layer-2 space.

As Mantle continues to grow, it is positioning itself as a leading DeFi platform, offering users more diverse opportunities to participate, stake, and trade in a decentralized environment.