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The interoperable, privacy-preserving DeFi stack powered by Polkadot

The Manta Network team has been busy this past month, and we got a lot of great updates for the community! We’re on track for launching our testnet, and the progress has really ramped up thanks to our amazing technical team.

Product Updates

On March 29, we announced our completion of our first Web3 Foundation Open Grants milestone. Our team worked very hard to get the prototype of MantaPay up and running for this milestone. The feedback from the Web3 reviewers was very positive:

“[The Manta Network] team put a ton of effort in response to initial feedback. Clean code, well documented…


About one month ago, we launched the Manta Network Meme Contest as one of our first fun, community events that also involved some great prizes:

  1. First place wins 500 USDT
  2. Second place wins 250 USDT
  3. Third place wins 100 USDT

With this fun activity, we received lots of great entries. One of our investors, CMS, even had fun with this one. One of its Twitter accounts, CMS Intern, provided a high-quality GIF, starring Dave Franco and his crew of magicians:

Overall, we received hundreds of entries to our event. You can view them all by searching #MantaMemes on Twitter…


#PlanetsWantPrivacyToo

Codenamed “WenMoon”, Manta Network today publicly announces its first space expedition project to build a privacy-preserving photon shield surrounding all eight planets (and Pluto) in the solar system.

“We’re a plug-and-play privacy protocol,” stated Kenny Li, cofounder of Manta Network. “So it’s was a straightforward and natural transition for us as we looked for our next use case: building intergalactic privacy structures around planets.”

“For centuries, astronomers have been surveilling planetary activity,” said Billy McDoge, Director of Extraplanetary Privacy at Manta Network. “But we’ve never stopped to ask the planets if they want to be monitored in the first place…


Manta Network is pleased to announce its partnership with Dora Factory, a DAO-as-a-Service infrastructure for on-chain governance and open-source ventures.

Dora Factory and Manta Network will co-fund research and development in privacy-preserving, on-chain governance schemes. The goal of this research is to build a privacy layer that can be deployed on Dora Factory’s products. Both teams intend to achieve privacy, stability, and robustness of on-chain governance modules like quadratic voting, futarchy and DAOs.

Dora Factory as a DAO-as-a-Service infrastructure for on-chain governance and open-source ventures. It offers key pallets such as quadratic funding, curve auction, on-chain voting and incentive mechanisms…


A tremendous step towards the first product in our DeFi privacy suite, MantaPay

On Wednesday, March 24, 2021, Manta Network officially completed its first milestone as a Web3 Foundation Open Grants recipient. As part of this delivery, we built the foundation of MantaPay, the first product in our suite of products and services that deliver plug-and-play privacy to the entire DeFi stack. Within the delivery, we published several deliverables including:

  1. The MantaPay backend pallet, which enables the decentralized anonymous payment
  2. The Manta Substrate node, which runs everything behind-the-scenes and enables us to connect with the rest of the Polkadot ecosystem
  3. A basic MantaPay frontend, which we will work to improve before the release…

We’re pleased to announce that Manta Network has partnered with Polkaswitch, a decentralized cross-chain liquidity protocol powering the future of global finance and crypto asset exchange. Using algorithms, smart contracts, and bridges, Polkaswitch executes trades across top decentralized exchanges on Polkadot, Ethereum and other Layer 1 protocols. It currently enables MetaMask users to swap a variety of Polkadot and Ethereum assets from one place at the best prices globally.

Together, we will work on addressing defi’s shortcomings, increasing liquidity, and realizing the dream of privacy-centric, permissionless cross-chain trading.

“Manta Network’s approach to on-chain privacy preservation is refreshing and deliverable at…


Manta Network is excited to announce its partnership with Clover Finance. Clover is bringing the Ethereum Virtual Machine framework to Substrate-based applications. This capability enables projects to deploy Ethereum dApps on Polkadot, and create trustless two-way pegs between ERC20 and DOT-based assets.

Through this partnership, Clover and Manta shall cooperate in researching DEXs with cross-chain technology, privacy protection, and price stability; bringing DeFi products with complete end-to-end anonymity, high throughput, and efficient cross-chain interoperability. Manta Network and Clover will also work together to support Clover’s Ethereum crypto assets in Manta Network, which enables private transactions and swapping.

“Working with Clover…


A Fun Community Engagement Contest While We Wait for Test Net

As we excitedly wait for the Manta Network test net launch in later Q1, we wanted to launch a fun community activity to help spread the word about Manta Network: the Manta Network Community Meme Contest.

Contest Prizes

The top three memes created by the community will receive USDT prizes. The winners will ultimately be determined by the Manta Network team, but we will lean heavily on the community to help us with deciding. We will choose the final winner in order to reduce any unfair advantage for content creators that have large communities, which may bias the results. …


October 2020 to February 2021

Since the start of the project, the Manta Network team has been working hard on both the strategic and product sides. We have been fortunate to bring tremendous strides in a short amount of time with an agile and talented team. Our progress updates are bucketed into the following categories: product/engineering, fundraising, marketing/community, and team/advisory/partnerships.

We also look forward to the product and strategy milestones that we intend to complete before the end of this quarter. …


Manta Network, the privacy-preserving DeFi stack built on Polkadot, today announced its closing of $1.1M funding. The round was led by Polychain Capital. Additional investors include Hypersphere Ventures, Three Arrows Capital, Defiance Capital, Multicoin Capital, Alameda Research, BTC12 Capital, Genblock Capital, Rarestone Capital, AU21 Capital and others.

Manta Network leverages zkSNARKs to offer privacy for transacting and exchanging as a layer-1 blockchain solution. The project intends to launch as a Polkadot parachain, which allows Manta Network to eliminate gas fees, and offer scalable privacy with faster transactions. …

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