Mantle (MNT), the DAO-led web3 ecosystem centred round Ethereum layer 2 (L2) Mantle Community and Ether liquid staking protocol Mantle LSP, has introduced a strategic partnership with IntentX, a next-generation OTC derivatives decentralized change (DEX).
The collaboration goals to revolutionize decentralized finance (DeFi) liquidity and buying and selling choices.
Mantle EcoFund invests in IntentX
As a part of the partnership, IntentX secured seed funding from Mantle EcoFund, enabling liquidity assist and ecosystem integration.
As well as, IntentX additionally acquired a grant of 250,000 $MNT from the Mantle Basis, the biggest grant awarded up to now. The grant can be used to incentivize merchants and customers by means of numerous avenues, together with a singular minigame and payment rebates.
Moreover, the collaboration between Mantle and IntentX goals to foster neighborhood constructing and advance the broader DeFi ecosystem.
Enhancing liquidity for IntentX Perpetual Futures Buying and selling
IntentX introduces a paradigm shift in perpetual futures buying and selling with its intent-based structure and deep liquidity on a non-KYC, permissionless platform.
Merchants can specific their intentions, that are executed by exterior solvers and plugged into centralized exchanges (CEX) liquidity, making certain aggressive quotes and minimal slippage.
With over 261 buying and selling pairs and 85% of platform income distributed to $INTX stakers, IntentX is dedicated to creating sustainable income era for its neighborhood of long-term holders.
The platform’s integration with Mantle facilitates deeper liquidity, neighborhood constructing, and a seamless buying and selling expertise for customers.
As a part of the partnership, $INTX can be deployed on Mantle to boost liquidity and construct neighborhood inside the broader Mantle Ecosystem.
Mantle customers to entry a variety of buying and selling pairs and accrue further advantages, resembling incomes 20x Sats per $USDe deposit.
Moreover, $xINTX staking presents customers the chance to spice up their income over time, with 85% of IntentX’s income distributed to $INTX stakers.
IntentX’s modern method to buying and selling incentives, coupled with Mantle’s strong ecosystem, creates a compelling proposition for merchants and liquidity suppliers.
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