My secret strategy on Mantle ecosystem goes beyond just trading.
There are several opportunities to maximize yields and benefit from upcoming projects.
And the best part is that we're still EARLY.
Here are key profitable actions on @0xMantle in 3 phases for everyone.
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In this thread, I'll cover:
ā¢ Mantle's Unique Positioning Apart from Other L2s
ā¢ Phase 1: Gaining Momentum (Now)
ā¢ Phase 2: Protocol Synergy
ā¢ Phase 3: Snowball Effect
In each phase, I've inserted key actions you can monitor and follow easily.
Mantle's Unique Positioning Apart from Other L2s
Firstly, it has the largest DAO treasury with over $4 Billion funds.
Within their treasury, they have a large amount of $MNT, the native token of Mantle, to bootstrap liquidity and on-chain activities.
As a result, the path they are taking differs from other chains such as zkSync, Arbitrum, and Base, as they used an airdrop farming strategy.
Moreover, Mantle already has $MNT to entice new users with additional incentives.
The important part is how they build ecosystem.
The success of building an ecosystem heavily relies on Mantle team.
This team is comprised of crypto natives and smart degens.
For instance, in the DeFi core team, they have @Defi_Maestro, who is renowned for his ability to spot trendy narratives.
See his example post:
twitter.com/Defi_Maestro/status/1690964626761248768
Phase 1: Gaining Momentum (Now)
To understand the momentum behind what they're cooking, we have to connect all the moving pieces ourselves.
Here's what I've found:
ā¢ Mantle to become LSD chain
ā¢ Partnership with innovative protocols
ā¢ Shitcoin for traders + DEXs
1.1 Mantle to Become the LSD Chain
The proposal to stake 200k ETH (~$360M USD) on LSD protocols has just passed. This means that they will use ETH from the Mantle treasury to partner with Lido and others in order to create native staked ETH on Mantle.
1.2 Partnership with innovative protocols:
They're providing grants to invite top-tier protocols to the Mantle Ecosystem.
For example, Pendle will be joining the tribe. And I believe you can expect the incentivized PT-stETH pool that provides a relatively higher yield. š„
twitter.com/pendle_fi/status/1683824208126832640
To see all the protocols in Mantle's ecosystem, you can visit their page.
There are several potential ones that catch my attention, such as Timeswap, Symbiosis, and Stella.
1.3 Shitcoin for traders + DEXs
Mantle team needs a go-to DEXs for degens to trade. Now there are potential ones: @Agnidex @FusionX_Finance @izumi_Finance.
While some of these DEXs may not have their native tokens yet, it is anticipated that they'll be launching soon.
Shitcoins also play an important role in attracting degens to Mantle.
$MINU has been a prime example, skyrocketing 30x and allowing many people to profit.
I anticipate more opportunities like this in the future. However, it's crucial to be mindful of the risks
Key Actions in Phase 1:
ā Monitor new token launches to assess risks. I recommend following @Defi_Maestro, as he suggested resuming trading posts.
ā Consider using existing DEXs to participate in current incentive programs and evaluate the upside of joining their IDO.
Phase 2: Protocol Synergy and Innovations
During this phase, we'll have the opportunity to utilize innovative protocols that yield higher returns.
For instance, the leveraged strategy for earning multiplied yield on Pendle's PT-stETH pool, which is boosted by $MNTš„.
In this phase, you'll have the opportunity to explore various combinations using protocols.
Furthermore, as time goes on, the true winner will eventually emerge and shine through the competition.
Participating in the IDO of these winners is definitely worth it.
Key Actions in Phase 2:
ā Find the boosted yield on trustworthy protocols. I believe the rate will be massive.
ā Monitor the TVL growth of the Mantle ecosystem and identify potential winners. Then, consider joining an IDO if you think it's worth a try.
Phase 3: Snowball Effect
This phase will happen if they achieve the two previous phases.
The ecosystem will eventually become the narrative rotator. You can apply what happened on Arbitrum during Q4 2022 to Q2 2023.
Narratives will come and go. Just ride the trends.
Key Actions in Phase 3
ā Follow the group of CT chads. Basically, do what you are doing right now: spot the new trends, get in early, and take profit.
These are my unfiltered thoughts on how I'd play on Mantle. NFA.
If you've been following me, you must know that I've been closely monitoring Mantle.
I've previously created threads on Mantle voluntarily. And this time, the team asked and supported me to write on them.