Manta Pacific: Leading the Charge in Real-World Asset Integration in Web3
Step by step, Manta Network recognizes the early transformation of asset ownership in Web3, and we are excited to lead the charge in democratizing access and ownership of Real-World Assets (RWAs). Already, RWAs are enhancing the Manta Pacific ecosystem, with assets like Mountain Protocol’s wUSDM offering a stablecoin yielding 5%, backed by US Treasury bills and recently BlackRock’s BUIDL Fund.
Our forthcoming RWA initiatives aim to bridge the traditional financial world with the decentralized future, tokenizing tangible assets to make them accessible to all. Greater liquidity and transparency in asset management are two additional positive aspects of that approach that promote the democratization of access.
Why Real-World Asset Management?
In the Web3 sphere, RWAs have the potential to revolutionize asset management and ownership, and Manta Network recognizes the importance of this. So, in this pursuit, we provide the means for people and organizations to efficiently oversee these tangible assets via a decentralized framework.
Hence, Manta Pacific offers, and will continue to develop, a comprehensive suite of tools designed to unlock the full potential of RWAs, featuring:
- Modular Architecture for High-Throughput and Scalability: Leveraging Celestia’s Data Availability layer, Manta Pacific’s modular architecture ensures high performance and scalability. The design allows parallel transaction processing and efficient resource allocation, making it capable of handling substantial transaction volumes with low latency and high throughput. The decoupled nature of the architecture facilitates seamless upgrades and integrations, maintaining operational continuity and flexibility.
- Direct Native Integration for Yield and Benefits Derived from RWAs: Manta Pacific integrates directly with native protocols, offering users direct access to yields and real-world assets (RWAs) within the network. Via protocol-native assets like wUSDM from Mountain Protocol, the platform enables diverse DeFi opportunities, optimizing asset utilization across lending, borrowing, and staking protocols. This integration maximizes yield generation while ensuring robust security and compliance standards.
- Collaborations with Regions and Enterprises to Enhance RWA Tools: Manta Network has partnered with Cyberport, Hong Kong’s leading digital technology incubator, to expand the Web3 ecosystem. As a domino effect, the tight-knit collaboration intends to be the conduit for driving innovation in sectors such as finance and education as it explores real-world applications of Web3 technologies. Working closely with regional enterprises, Manta Network leverages local expertise and market insights to develop advanced tools for RWA management, positioning itself as a leader in applying Web3 solutions to tangible, real-world challenges.
RWA-Based Applications on Manta Network
Case Study: Mountain Protocol
Mountain Protocol’s USDM stablecoin, built on Manta Pacific, has quickly become the largest Treasury-backed stablecoin, reaching a market capitalization of $153 million and ranking as the third-largest RWA protocol by total value locked.
Manta Network leverages wUSDM, Mountain Protocol’s Liquid Staking Token (LST) on Manta Pacific, which is backed by U.S. Treasury bills and, more recently, BlackRock’s BUIDL Fund. Holders of wUSDM benefit from the stability and yields of traditional financial instruments, which effectively merge traditional finance with DeFi.
Initiatives like New Paradigm and Renew Paradigm further leveraged wUSDM, offering additional yield opportunities through staking and interaction with various DeFi protocols across the Manta ecosystem. Users could enhance their earning potential while benefiting from the structured custodianship of traditional institutions.
During the New Paradigm campaign, wUSDM was introduced on Manta Pacific, allowing users to stake USDC and receive wUSDM. Over $132 million worth of wUSDM was minted, providing substantial yield opportunities for participants. Users gained exposure to yields generated from Mountain Protocol’s RWA design, primarily through U.S. Treasuries and BlackRock’s BUIDL Fund.
Still, the backing of U.S. Treasuries and BlackRock’s BUIDL Fund exemplifies how real-world assets can bridge the gap between traditional finance and decentralized finance. Manta’s users receive on-chain treasury yields, solidifying the role of RWAs in modern financial ecosystems.
Manta Network: The Home of RWA-based Applications
Projects that intend to develop RWA-based applications ought to consider Manta Network as their prime destination. Along with its exceptional efficiency and scalability, Manta Pacific is the most extensive modular Layer 2. Users have already saved $2.5 million in gas fees in 2024, and the platform guarantees high performance while simultaneously maintaining low operational costs.
Expanding Our RWA Portfolio
From now on, the Manta community can anticipate an exciting array of new RWAs and the development of more RWA-based applications on Manta Pacific. Our upcoming cohort in the zk Accelerator Program will specifically focus on supporting RWA-related projects. This initiative aligns with our commitment to evolve and lead in the Web3 landscape continuously.
https://x.com/ZK_Accelerator/status/1794003738073387041
The inaugural zk Accelerator Program, held with Celestia and Polygon, was a great success and demonstrated our dedication to scalable Web3 solutions. Building on this great foundation, the upcoming cohort will further strengthen our capabilities and expand our offerings in the RWA sector.
Join Us in Shaping the Future
As Manta Network takes this significant step forward, we invite our community and potential developers to join us on this exciting journey. We are dedicated to empowering our members to actively participate in the future of RWA ownership.
Stay tuned for more updates!
About Manta Network
Manta Network is the go-to modular blockchain for zero-knowledge (ZK) applications. Our Manta Pacific ecosystem is designed for EVM-native ZK applications and dApps, offering users the lowest costs and best experiences. By leveraging Manta’s Universal Circuits for ZK-as-a-Service and Celestia’s data availability for modularity, we deliver low gas fees and create the perfect environment for ZK-enabled applications. Learn more about Manta Pacific here.
Founded by a team from prestigious institutions like Harvard, MIT, and Algorand, Manta Network has attracted investments from top Web3 funds, including Binance Labs and Polychain Capital. So far, we have grown through top Web3 accelerators such as Alliance DAO and the Berkeley Blockchain Xcelerator. Manta Network is ready to bring the next generation of Web3 users into a new era of ZK-focused applications.
Join us on our different channels to stay connected and be part of our journey.
