Curious About $MNT? Mantle’s Public Liaison Igneus Terrenus Talks About Its Ecosystem

Amidst the complexities of the blockchain house, understanding the intricacies of decentralized governance and navigating the challenges of modern applied sciences turns into paramount. On this interview, we unravel the layers of Mantle, a DAO-governed ecosystem, exploring the way it addresses inherent issues within the blockchain panorama.

From the nuanced design of the $MNT token to methods for scalable and safe blockchain networks, this dialog offers useful insights, shedding mild on potential options and providing a considerate perspective on the continuing evolution of decentralized applied sciences.

1. Please briefly clarify your challenge to our viewers.

Mantle is a DAO-governed ecosystem of decentralized and token-governed applied sciences powered by Mantle’s native token, $MNT. Mantle Ecosystem includes Mantle merchandise such because the Ethereum L2, Mantle Community, Mantle Governance (DAO),  Mantle Treasury, one of many largest on-chain treasuries in web3, and Mantle LSP, an upcoming ETH liquid staking protocol. Mantle token ($MNT) is the unified product and governance token of the ecosystem. We’re pioneering a imaginative and prescient for a extra collaborative decentralized economic system to showcase the potential of tokenized governance.

2. What units Mantle Community other than its opponents?

Our flagship product, Mantle Community, is a high-performance EVM layer-2 blockchain constructed with modular structure — separating transaction execution, information availability, and transaction finality into modules, which might be individually upgraded for constructing effectivity. Optimistic roll-up know-how coupled with modularity permits us to create a specialised, decentralized information availability layer, MantleDA, permitting Mantle Community to inherit safety from Ethereum and supply a lot decrease charges in comparison with the L2 trade customary. Mantle Community can be the world’s first DAO-spawned L2 and the primary L2 to accomplice with ETH restaking protocol EigenLayer for its information availability module.

As with every blockchain ecosystem, we’re centered on constructing worth seize for our neighborhood whereas upgrading the underlying infrastructure to create the very best of each person expertise and utility. This contains growth via top-tier DeFi protocols, numerous dApps, and modern merchandise within the RWA and LSD realm. This underscores our priorities in constructing ecosystem composability and a powerful software layer to place the customers first. We tie this along with Mantle Journey, our ecosystem engine the place all customers’ and protocols’ on-chain actions are listed for future rewards. This not solely builds engagement between ecosystems, initiatives, and customers however acts as a bridge between these three stakeholders that essentially make up any on-chain ecosystem.

3. What are the advantages that Mantle token holders get?

The Mantle token ($MNT) is the unified token for merchandise, governance, and treasury throughout the Mantle Ecosystem. Mantle token holders are supplied each voting rights and sensible performance to navigate the huge Mantle Ecosystem.

By way of governance, every $MNT token carries an equal vote weight, enabling token holders to actively take part in DAO voting and affect the decision-making course of. This ensures a decentralized and community-driven method to shaping the way forward for the Mantle Ecosystem.

This additional extends to the governance of product selections. Neighborhood members are inspired to submit and contribute to comfortable proposals on the Mantle Discussion board, which serves as an avenue for dialogue and suggestions on the proposal previous to a snapshot vote. Submitted proposals decide the strategic route of the Mantle Ecosystem — whether or not it’s the following Mantle product, governance parameters, treasury administration, tokenomics, or new initiatives.

By way of utility, $MNT is utilized for fuel charges on Mantle Community. $MNT tokens can moreover function collateral property for Mantle Community nodes, which additional incentivizes participation and contributions to the safety and stability of the community.

4. Are you able to share your imaginative and prescient for the way forward for Mantle?

We’re pioneering a imaginative and prescient for the mass adoption of token-governed applied sciences. As we glance to onboard extra decentralized purposes (dApps) and protocols sooner or later, we’re additionally making a strategic push towards constructing LSDFi on Mantle with two key focus areas: sustainability and composability. We need to make Mantle the hotbed of innovation, and through the use of LSDs, we intention to supercharge yields and develop a extremely composable ecosystem. To that finish, we’ve most not too long ago introduced our entry into real-world property (RWAs) with Ondo Finance’s USD Yield ($USDY) token, a tokenized word secured by short-term U.S. Treasuries and financial institution demand deposits. $USDY can be the primary challenge of Mantle Showcase, which highlights initiatives’ product-market match and Mantle neighborhood advantages.

Finally, all of it comes all the way down to person expertise. By permitting individuals to have the ability to shield their funds and have methods to acquire a sustainable yield, all underpinned by nice UI, these cumulative components will come collectively to create a utility flywheel on Mantle.

On a macro degree, as networks and programs turn out to be more and more interconnected, the event of dApps inside the ecosystem will contribute to a strong infrastructure for blockchain applied sciences to outlive and thrive in right this moment’s economic system.

5. How has the latest partnership with Okapi performed out? Will there be new partnerships sooner or later?

Our latest partnership with Okapi is targeted on redefining the dApp discovery course of, codified by real person contributions. We’re excited to see how verified attestations and genuine person opinions will drive development for dApps on Mantle Community whereas giving new builders a novel solution to construct popularity and belief of their dApps. As Okapi remains to be in its non-public Alpha part, it’s going to first be deployed on Mantle Community in late November. Mantle neighborhood members will obtain a myriad of advantages, together with tailor-made authentication and verification processes, in addition to the flexibility to share their insights and discoveries for rewards.

There will certainly be new partnerships sooner or later. We’re recognized for supporting next-generation innovators and builders by way of the Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M invested in native purposes and know-how companions of Mantle Ecosystem. Mantle’s Showcase Apps program additional denotes our security-first method to bolster the tech and audit capabilities of choose dApps, in addition to to lend further help and publicity. This not solely grows the would possibly of the Mantle Ecosystem but additionally spawns lively reinvigoration of assorted blockchain communities that want to bootstrap their subsequent huge innovation.

6. How does Mantle handle the blockchain trilemma?

Mantle Community actively addresses the blockchain trilemma by using modular blockchain structure for safety, optimistic roll-up know-how for scalability, and DAO governance for decentralization.

So as to keep Ethereum-level safety, conventional optimistic rollups should use Ethereum for information availability and as an execution layer for fraud proofs. This exposes L2 customers to costly charges and constrained throughput as topic to Ethereum’s restricted information availability.

To fight this, Mantle makes use of modular blockchain structure, whereby all core features of blockchain operation — execution, consensus, settlement, and information availability — are carried out on specialised layers. Modularity and the adoption of a separation precept lead to a sequence of efficiency advantages at present troublesome to attain in different programs. Permitting every layer to specialise in its process allows many levels of freedom in constructing (versus onerous forks) and system optimization for latency and throughput (in comparison with coping with different issues like ordering the ledger).

As talked about beforehand, central to blockchain scalability is the info availability drawback. As EigenLayer’s first L2 community accomplice, we’re leveraging a decentralized information availability layer via MantleDA whereas utilizing optimistic rollup know-how to hyperscale efficiency. Each mechanisms derive safety from the Ethereum mainnet. This ensures all customers function on the identical degree of improved safety, versus solely validators or full nodes on L1.

Moreover, because the world’s first DAO-led L2, we’re dedicated to pioneering the way forward for a decentralized economic system. Token holders decide the strategic route of Mantle by way of the Mantle Governance course of — whether or not it’s launching new product traces and initiatives, tokenomics modifications, funds allocations, course-corrective actions, organizational structuring, deciding on technical structure selections, or modifications to Governance parameters. Mantle Governance holds authority over all Mantle merchandise and the Treasury, enabling token holders to actively take part in shaping the way forward for the ecosystem.