Mantle 2.0, which aims to become the institutional ‘liquidity chain’ for Tokenized Real-World Assets, defends a new business model that can accelerate the mutual affordable convergence between the centralized and decentralized participants of the industry.
Mantle Network was initially launched as an Ethereum Layer-2 (L2) scale solution in 2021 under Bitdao, because the first L2 network was launched by a decentralized autonomous organization (DAO).
In July 2023 Bitdao and Mantle Network in the Mantle and Het Mantel (MNT) token consolidated.
The project is now in a “new phase in his life cycle”, called Mantle 2.0. It is characterized by Bybit managers who are installed as important advisers and the revelation of a new roadmap aimed at the convergence of centralized finances (CEFI) and Decentralized Finance (Defi), according to the Wednesday report of Crypto Delphi Digital.
Mantle 2.0 can defend a new operating model for the cryptocurrency industry, which encourages more Dao-Gouverni projects to merge with important centralized exchanges, combining the benefits of decentralized administration with the deep liquidity and regular user basis.
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On August 18, the Bybit Exchange launched several exclusive campaigns and earned products for the MNT -Token.
On August 29, Bybit Exchange and Mantle unveiled a combined route map, which mtt holders purchase lower slippage, more payment options within the Bybit exhibition system and other savings and stake products.
Source: Delphi Digital
“Mantle is no longer just an L2, but the basis of the bybit ecosystem. This is not a simple partnership, but a play for RWA -Dooddance,” Delphi Digital wrote in a Wednesday X message, adding:
“This update shifts the manteltoking to a Bybite utility.”
“This anchores the value of MNT to Bybit’s enormous daily volume ($ 3-5 billion place, $ 25b+ derivatives) about simple governance,” wrote the research agency, adding that we see the rise of a “new competitive landscape that merges tradfi infrastructure with Defi Rails.”
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Mantel can see an elevated capital access via Bybit Backing, Ecofund
The support of Bybit can offer Mantel more access to capital chances through Bybit, Investments, Subsidies or the Mantle Ecofund, a capital pool of $ 200 million investing in the native applications of the ecosystem.
Some strategic partners of the fund are Dragonfly, Pantera, Spartan, Figment Capital, Folius Capital, Hashkey Capital and more.
Source: Delphi Digital
The growing part of Mantle in the Bybit ecosystem fades between the two entities, causing potential investors concerning concerning the decentralized nature of the administrative structure.
“Although Mantle is still formally governed by token holders via the original DAO model, the influence of Bybit is now deeply rooted,” added Delphi Digital’s research report.
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