Manta Network Unveils ETH Pool on Stargate for Seamless Cross-Chain Transactions

Manta Network has officially launched its Ethereum (ETH) pool on the Stargate platform, a move set to enhance cross-chain interoperability and expand decentralized finance (DeFi) opportunities. This integration allows users to seamlessly bridge ETH between Manta Pacific and Ethereum, according to Manta Network.

Enhancing Cross-Chain Interoperability

The strategic collaboration with Stargate, a unified liquidity network spanning over 40 chains, aims to simplify asset transfers and enhance liquidity flow between ecosystems. This development is pivotal for users managing digital assets across multiple blockchain platforms, providing them with greater flexibility and ease of use.

Expanding DeFi Opportunities

Beyond the ETH pool, Stargate supports the bridging of other Liquid Staking Tokens (LSTs), known as mTokens, from Manta Pacific to Ethereum. This feature unlocks further DeFi opportunities, allowing users to stake their USDT or USDC on Manta’s CeDeFi platform and earn mTokens. This initiative aligns with Manta Network’s commitment to delivering a smooth and practical DeFi user experience.

Technical Advancements and User Experience

The launch of the ETH pool signifies a significant technical update for Manta Network, offering a straightforward solution for digital asset management across chains. By providing additional pathways for asset transfers, the initiative aims to enhance liquidity flow and offer users a more efficient and user-friendly process.

About Manta Network

Manta Network is recognized for its modular blockchain designed for zero-knowledge (ZK) applications. Manta Pacific serves as the modular Layer 2 ecosystem for EVM-native ZK applications and dApps, focusing on providing low-cost and high-quality user experiences. Utilizing Manta’s Universal Circuits for ZK-as-a-Service and Celestia’s data availability, Manta Pacific is positioned as an ideal environment for ZK-enabled applications.

Founded by a team of experts from institutions such as Harvard, MIT, and Algorand, Manta Network has secured investments from leading web3 funds, including Binance Labs and Polychain Capital. The network continues to grow through participation in prominent web3 accelerators like Alliance DAO and the Berkeley Blockchain Xcelerator, aiming to introduce the next generation of web3 users and enhance the scope of ZK-focused applications.

Image source: Shutterstock