Manta CeDeFi 1.5x Points Boost Program
Between May 31 and June 30, earn 1.5x points for Eligible Participants in Manta CeDeFi. Snapshot for eligibility will be taken on May 31 at 10AM SGT.
In appreciation of the unwavering support for the New Paradigm series events and Manta stakers in Manta community, as well as your valuable contributions to the ecosystem and trust in the Manta team, we are excited to announce a 30-day event where loyal Manta users from three categories of loyalty can earn 1.5x points boost in the CeDeFi event.
Join Manta CeDeFi now to earn CeFi, DeFi, and Manta Points rewards right now!
Timeline
The Boost Program will start at 12:00 PM SGT on May 31, and will end on June 30, 10 AM SGT, lasting 30 days. Eligible participants who deposit or have already deposited will earn a 1.5x boost in Manta points during this period. For example, if an eligible participant deposits on June 15, then they will receive the boost of 1.5x from June 15 to June 30. After the Boost Program ends on June 30, the points accumulation will return to the normal 1x.
1.5x Boost on Manta’s basic points
The 1.5x boost during the Boost Program to eligible participants only applies to the points accumulated through depositing assets into the CeDeFi product. Additional points accumulated such as through daily check-ins will not receive a 1.5x boost.
Please note that Eligible Participants are eligible to receive the 1.5x boost during the boost period even if you have deposited prior to the start of the campaign. This means that if you have already deposited and are an Eligible Participant, you don’t have to do anything additional and will still accumulate points!
Eligible Participants
A snapshot will be taken at the start of the event on May 31 at 10 AM SGT to determine eligible wallet addresses. To qualify, a user must meet at least one of the following criteria:
- You participated in Renew Paradigm
- You hold a Golden Shovel Holders
- You have staked at least 500 $MANTA on Manta Atlantic or Manta Pacific (e.g., through LSTs like Bifrost or Accumulated Finance). For Manta Atlantic stakers, please make sure that you bind your EVM address prior to the snapshot to qualify.
You can check your eligibility at Manta CeDeFi.
Attention
Points are accrued every 24 hours at 00:00 UTC for all users. To collect your points, you must open the Points Box once they refresh after the 24-hour period. Access your Points Box through the Points section of the CeDeFi dashboard.
CeFi APY is estimated and does not guarantee any future yield. The estimates are based on historical data. From May 18, 2024, to May 25, 2024, the estimated APY is based on asset management partners’ previous 30-day yield data. From May 26th onward, estimated yield data is updated based on historical performance of the past 7 days.
About the CeDeFi points:
These points will provide additional rewards at the end of the campaign (July 27, 2024) in the form of Manta tokens. The total amount of rewards will be disclosed once the campaign is concluded.
About Manta CeDeFi
Manta CeDeFi is a brand-new event on Manta Pacific that integrates elements of CeFi and DeFi to enhance yield and security for users. Users benefit from traditional CeFi platforms’ returns, the high-yield potential of DeFi products and services, and additional rewards in the form of Manta tokens and points. This combination allows users to maximize their earnings while maintaining a balance between security and profitability providing a diversified method for yield generation.
About Manta Network
Manta Network is the modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is the modular L2 ecosystem for EVM-native ZK applications and dApps that want to deliver the lowest cost and best experience for users. Leveraging Manta’s Universal Circuits to enable ZK-as-a-Service and Celestia’s data availability for modularity to deliver low gas fees, Manta Pacific offers the perfect environment for ZK-enabled applications. Learn more about Manta Pacific here.
Manta Network was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator.
