LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
Ethereum News August 29, 2023

Mantle Network plans to allocate US$238 million to provide liquidity support for ecological applications, RWA stablecoins and cross-chain bridges

The Ethereum Layer 2 network Mantle Network community recently released a proposal on using Mantle Treasury to promote the development of the ecosystem. The specific terms include providing liquidity support for applications up to 160 million US dollars.

Provide up to $60 million in seed liquidity for RWA-backed stablecoins, and up to $18 million in liquidity support for third-party cross-chain bridges.

The proposal also empowers the Mantle Economic Committee to hold discussions with service providers and top on-chain system trading firms, and to negotiate partnership agreements or other commercial agreements for liquidity deployment if necessary.

Additionally, the proposal details service provider selection criteria, including risk management and enforcement systems, reporting requirements, key protections and guarantees, deployment strategies, risk controls, fees, and incentives.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMcHenry mentioned the issue of payment stablecoins: the regulatory framework proposed by Congress will better protect consumers
Next Article Data: Implied volatility in bitcoin options market reached all-time low last week, 50% below long-term baseline for 2021-22

Related News

September 27, 2023

Binance Liquidity Staking Ethereum TVL Hits $1.2 Billion

September 26, 2023

Ethereum generates over $10 billion in revenue in 7 years

September 25, 2023

Ethereum is the most popular cryptocurrency

September 25, 2023

The current market value of interest-bearing stablecoins on the Ethereum chain accounts for 1.5% of the total market value of stablecoins.

September 23, 2023

Ethereum network fees drop to lowest level in 9 months

September 17, 2023

Data: Over US$1 billion worth of ETH has flowed into liquid pledged derivatives platforms in the past 20 days

September 17, 2023

Data: On the first anniversary of the merger of Ethereum, the supply of ETH has decreased by nearly 300,000 pieces, and the amount of ETH destroyed has exceeded 980,000 pieces.

September 16, 2023

Data: Over US$1 billion worth of ETH has flowed into liquid pledged derivatives platforms in the past 20 days

The Latest
Market News September 27, 2023
U.S. SEC Chairman: Failure to comply with securities laws is widespread in the encryption industry
NFT News September 27, 2023
NFT project Pudgy Penguins’ 24-hour trading volume exceeded 1,000 ETH
Business News September 27, 2023
Binance gets court approval for extension to respond to U.S. SEC lawsuit
Ethereum News September 27, 2023
Binance Liquidity Staking Ethereum TVL Hits $1.2 Billion
Altcoin News September 27, 2023
Fed says stablecoins could be a source of financial instability
Market News September 26, 2023
CoinShares: European investors more bullish on cryptocurrencies than US investors
Bitcoin News September 26, 2023
Bernstein: Spot Bitcoin ETF may be approved in early 2024
Altcoin News September 26, 2023
Without changes, GHO stablecoin cannot maintain peg
Bitcoin News September 26, 2023
Bitwise refutes SEC’s reasons for rejecting Bitcoin spot ETF
Ethereum News September 26, 2023
Ethereum generates over $10 billion in revenue in 7 years
Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
Market Dynamics
  • Business
  • Markets
  • Policy
  • Press Release
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.