Official press releases from Manta Network

Manta Network's CeDeFi Reaches $120M TVL in First Week, $22M in 30 Minutes

May 27, 2024, 09:43 AM

Manta Network's new CeDeFi product has seen significant growth, reaching a total value locked (TVL) of $120 million within its first week. This surge includes a remarkable increase of $22 million in just 30 minutes, starting from $60 million. The CeDeFi platform combines yield from DeFi and CeFi trading strategies, traditionally reserved for institutions, and integrates them into the MantaPacific ecosystem. Users are incentivized to stake and earn Manta Points, with a two-month points program in place and a $500 million TVL eligibility cut-off.