Mantle 2.0, aimed at becoming an institutional “liquidity chain” for tokenized real-world assets, has won a new business model that can accelerate mutually beneficial convergence between centralized and decentralized industry participants.
The Mantle Network was first launched as an Ethereum Layer-2 (L2) scaling Solution to 2021 under Bitdao, as the first L2 network launched by a decentralized autonomous organization (DAO).
In July 2023, the Bitdao and Mantle Network were combined with the Mantle brand and the mantle (Mnt) token.
The project is now entering a “new phase in its lifecycle,” called Mantle 2.0. It was marked by the Bybit executives who were installed as major advisers and the revelation of a new roadmap that targets the scene of centralized financial (CEFI) and decentralized finances (DEFI), according to the Crypto Research company Delphi Digital’s Wednesday Report.
Mantle 2.0 may champion a new business model for the cryptocurrency industry, encouraging more DAO -managed projects to combine with major centralized exchanges, combining the benefits of decentralized management with deep liquidity and primary base of user of centralized trading areas.
Related: Whales lost millions to 40% linked to Trump’s WLFI, despite the 47m burn
On August 18, bybit Exchange launched Multiple exclusive campaigns and earn products for MNT token.
On August 29th, the exchange of bybit and mantle revealed A joint roadmap, which awarded MNT holders with less slippage purchase, more payment options within the Bybit ecosystem and other staking savings and products.
“The mantle is no longer just an L2 but the foundation of the Bybit ecosystem. This is not a simple partnership but a play for RWA’s dominance,” Delphi Digital wrote in a Wednesday X PostAdding:
“This update changes the mantle token to a bybit utility asset.”
“The value of these MNT anchors in the massive daily volume of BYBIT ($ 3-5B area, $ 25B+ derivatives) in simple management,” written by the research firm, adding that we see the emergence of a “new competitive scene that includes Trade infrastructure with defi metals.”
Related: Crypto in US 401 (K) Retirement Plans can drive Bitcoin to $ 200k in 2025
Mantle can see increasing access to capital by backing back, ecofund
Bybit support can provide mantle more access to capital opportunities through investments in Bybit, Award, or the mantle ecofund, a $ 200 million capital Pool investment in native ecosystem applications.
Some of the strategic funding partners include Dragonfly, Pantera, Spartan, Figment Capital, Folius Capital, Hashkey Capital and more.
Mantle’s growing part of the Bybit ecosystem blur the lines between the two creatures, bringing potential concerns to the investor in the decentralized nature of its management structure.
“While Mantle is formally governed by tokenholders through the original DAO model, the Bybit’s influence is now deep,” the Delphi Digital research research report added.
https://www.youtube.com/watch?v=jzNCalgknio
Magazine: How Ethereum Treasury Companies can spark ‘Defi Summer 2.0’
