Omega Launches on Mantle Network, Offering Cross-Margin Lending and Leveraged Farming

Omega, a cross-margin lending and leveraged farming protocol, has officially launched on the Mantle Network. This integration aims to provide users with new opportunities for earning passive yields and leveraging assets to maximize rewards. The announcement was made here.

Omega’s integration with Mantle Network introduces exclusive perks for early supporters. Users participating in the protocol, whether as passive liquidity providers or active DeFi farmers, will be eligible for future $OMGA token rewards and a share of a $100,000 USDT incentive pool.

Opportunities for Passive Liquidity Providers and Active DeFi Farmers

Passive liquidity providers can deposit supported assets into Omega’s liquidity pools, including $wETH, $cmETH, $mETH, $USDe, $sUSDe, $wMNT, $USDT, $AUSD, and $FBTC. These deposits will earn Omega points, qualifying users for future airdrops and additional rewards.

Active DeFi farmers have the option to deposit assets into Omega’s collateral vaults, borrow up to six times leverage from available liquidity pools, and deploy the borrowed funds into Omega’s customized strategy vaults. This setup allows users to farm various points incentives across the Mantle Ecosystem.

Omega has formed strategic alliances with Merchant Moe and AGNI Finance, enabling users to farm V3 liquidity pool pairs for maximized yields and points farming. Current vaults offer opportunities to earn Powder, Ethena Shards, and Omega points.

Strategic Vision and Industry Impact

Eric Ryklin, Co-Founder of Omega, expressed enthusiasm for the collaboration, stating that the core mission is to create capital-efficient yield opportunities while fostering a stable liquid ecosystem. Gabriel Foo, DeFi Growth Lead at Mantle, highlighted that Omega’s deployment on Mantle Network enhances DeFi composability, offering unique yield opportunities through innovative cross-margin lending and farming designs.

For more information on Omega’s offerings and to participate in the new opportunities, users can visit Omega’s official website. The collaboration between Omega and Mantle Network is set to strengthen the ecosystem, promoting capital efficiency and empowering users to explore advanced DeFi strategies.

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