Mantle Network partners with IntentX to enhance DeFi liquidity

by Aric Feil

Mantle (MNT), the DAO-led web3 ecosystem centred around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol Mantle LSP, has announced a strategic partnership with IntentX, a next-know-how OTC derivatives decentralized alternate (DEX).

The collaboration objectives to revolutionize decentralized finance (DeFi) liquidity and trading offerings.

Mantle EcoFund invests in IntentX

As fragment of the partnership, IntentX secured seed investment from Mantle EcoFund, enabling liquidity inspire and ecosystem integration.

To boot, IntentX also obtained a grant of 250,000 $MNT from the Mantle Foundation, the greatest grant awarded to this level. The grant will be ancient to incentivize merchants and customers by a amount of avenues, including a completely different minigame and price rebates.

Furthermore, the collaboration between Mantle and IntentX objectives to foster community constructing and will be found the broader DeFi ecosystem.

Bettering liquidity for IntentX Perpetual Futures Trading

IntentX introduces a paradigm shift in perpetual futures trading with its intent-basically based entirely structure and deep liquidity on a non-KYC, permissionless platform.

Traders can explain their intentions, that are carried out by exterior solvers and plugged into centralized exchanges (CEX) liquidity, making certain competitive quotes and minimal slippage.

With over 261 trading pairs and 85% of platform earnings distributed to $INTX stakers, IntentX is dedicated to developing sustainable earnings know-how for its community of prolonged-term holders.

The platform’s integration with Mantle facilitates deeper liquidity, community constructing, and a seamless trading abilities for customers.

As fragment of the partnership, $INTX will be deployed on Mantle to toughen liquidity and invent community within the broader Mantle Ecosystem.

Mantle customers to salvage admission to a wide amount of trading pairs and accrue additional advantages, a lot like incomes 20x Sats per $USDe deposit.

Furthermore, $xINTX staking provides customers the replacement to blueprint finish their earnings over time, with 85% of IntentX’s earnings distributed to $INTX stakers.

IntentX’s innovative formula to trading incentives, coupled with Mantle’s sturdy ecosystem, creates a compelling proposition for merchants and liquidity services.

The post Mantle Network partners with IntentX to toughen DeFi liquidity appeared first on Invezz

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