Mantle (MNT), the DAO-led web3 ecosystem constructed round Ethereum layer 2 (L2) Mantle Community and Ether liquid staking protocol Mantle LSP, has introduced a strategic partnership with IntentX, a next-generation decentralized OTC derivatives change (DEX). .
The partnership goals to revolutionize liquidity and buying and selling choices within the decentralized finance (DeFi) area.
Mantle EcoFund invests in IntentX
As a part of the partnership, IntentX has secured seed investments from Mantle EcoFund, enabling liquidity assist and ecosystem integration.
As well as, IntentX additionally acquired a $250,000 MNT grant from the Mantle Basis, the biggest grant awarded thus far. The subsidy might be used to incentivize retailers and customers by numerous avenues, together with a singular mini-game and costs.
Moreover, the partnership between Mantle and IntentX goals to advertise 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 declare their intentions, that are executed by third-party resolvers and linked to the liquidity of centralized exchanges (CEX), 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 earnings technology 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 might be deployed on Mantle to extend liquidity and construct neighborhood throughout the broader Mantle ecosystem.
Give customers entry to a variety of buying and selling pairs and accumulate extra advantages equivalent to incomes 20x Sats per $USDe deposit.
Moreover, $xINTX staking gives customers the chance to extend their earnings over time, with 85% of IntentX’s earnings distributed to $INTX stakers.
IntentX’s progressive strategy to buying and selling incentives, mixed with Mantle’s sturdy ecosystem, creates a compelling proposition for merchants and liquidity suppliers.
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