KEY TAKEAWAYS
- Manta Network launches a new ETH pool on Stargate, enhancing Ethereum bridging between Manta Pacific and Ethereum.
- The integration with Stargate’s liquidity network simplifies asset transfers across over 40 blockchain networks.
- Stargate supports bridging Liquid Staking Tokens (mTokens) from Manta Pacific to Ethereum, expanding DeFi opportunities.
- Manta Network’s modular blockchain supports EVM-native ZK applications, offering a seamless DeFi user experience.
Manta Network has announced the launch of its new ETH pool on Stargate, enabling users to bridge Ethereum (ETH) seamlessly between Manta Pacific and Ethereum. This integration connects with Stargate’s unified liquidity network, which spans over 40 blockchain networks, enhancing interoperability and simplifying asset transfers.
In addition to the ETH pool, Stargate supports the bridging of other Liquid Staking Tokens (LSTs), also known as mTokens, from Manta Pacific to Ethereum. This development unlocks more decentralized finance (DeFi) opportunities for users. By staking USDT or USDC on Manta’s CeDeFi platform, users can start earning mTokens today.
Enhancing Cross-Chain Flexibility
The launch represents a significant technical update, providing a straightforward solution for managing digital assets across different blockchain ecosystems. These new pathways are designed to enhance liquidity flow and offer greater flexibility for users, whether they are moving ETH or other mTokens. The process is crafted for ease of use and efficiency, aligning with Manta Network’s commitment to delivering a practical and smooth DeFi user experience.
Manta Network is recognized for its modular blockchain designed for zero-knowledge (ZK) applications. Manta Pacific, its modular Layer 2 ecosystem, supports EVM-native ZK applications and decentralized applications (dApps) aiming to deliver low-cost and high-quality user experiences. By leveraging Manta’s Universal Circuits for ZK-as-a-Service and Celestia’s data availability for modularity, Manta Pacific offers an optimal environment for ZK-enabled applications.
For more details, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The launch of Manta Network’s ETH pool on Stargate facilitates seamless cross-chain transfers, enhancing interoperability between blockchain ecosystems.
A recent industry report highlights the trend of liquidity pool-based bridging. This approach is gaining traction for its ability to enable fast, low-cost transfers without the need for wrapped tokens or complex setups. This aligns with Manta Network’s integration with Stargate, which leverages unified liquidity pools to enhance cross-chain asset movement.
Recent industry research suggests that the integration of Stargate with Manta Network combines cross-chain liquidity and privacy-preserving technology, enhancing user privacy while maintaining interoperability. This supports the significance of Manta Network’s latest development in expanding secure and efficient DeFi solutions.
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