Mantle Network and IntentX Forge Alliance to Enhance User Liquidity and Trading Experience

Mantle Network, a DAO-led web3 ecosystem built around Ethereum layer 2 (L2) and Ether liquid staking protocol Mantle LSP, has announced a strategic alliance with IntentX, the next-generation OTC derivatives decentralized exchange (DEX). The partnership aims to enhance users’ liquidity and trading experience within the Mantle ecosystem by offering 261+ trading pairs, 85% of platform revenue distributed to $INTX stakers, and one-click trading with web2 log-in methods.

Mantle Network and IntentX Forge Strategic Alliance to Enhance User Liquidity and Trading Experience

In a strategic move to elevate the user experience within its ecosystem, Mantle Network has announced a groundbreaking partnership with IntentX, a next-generation over-the-counter (OTC) derivatives decentralized exchange (DEX). Built around Ethereum layer 2 (L2) and Ether liquid staking protocol Mantle LSP, Mantle Network aims to unlock new possibilities for web3 enthusiasts.

IntentX to Serve as Native Flagship Perpetual Futures Exchange

At the core of this alliance lies the integration of IntentX as Mantle Network's native flagship perpetual futures exchange. Boasting an impressive 261+ trading pairs, IntentX offers a diverse range of options for traders. Moreover, the platform's non-KYC, permissionless nature ensures accessibility and ease of use.

85% of Platform Revenue Returned to $INTX Stakers

IntentX stands out in the industry by revolutionizing the distribution of platform revenue. A remarkable 85% of all revenue generated by the DEX will be allocated to $INTX stakers. This novel approach ensures that the community of long-term holders directly benefits from the platform's success.

Seed Investment and $MNT Grant to Support Growth

To accelerate IntentX's growth and foster ecosystem integration, Mantle EcoFund has provided strategic seed investment in accordance with MIP-28. Additionally, IntentX has received a 250,000 $MNT grant, representing the largest award from the Mantle Foundation to date. These investments demonstrate Mantle Network's commitment to supporting innovative projects within its ecosystem.

$INTX Deployment on Mantle to Enhance Liquidity

As part of this partnership, $INTX will be deployed on Mantle to enhance liquidity and promote community growth. Mantle users will gain access to a wide range of 261+ $USDe perpetual pairs, offering unparalleled trading opportunities. Depositors, too, will benefit from the ability to accrue 20x Sats per $USDe, with a cap of $10 million.

$xINTX: Staking Mechanism and Value Capture

$xINTX, the staked form of $INTX, serves as the project's primary utility and value capture mechanism. With 85% of IntentX's revenue distributed to $INTX stakers, the platform prioritizes long-term value creation and sustainability. An exclusive airdrop event will be launched alongside the $INTX token launch, rewarding early supporters and active users.

Custom Account Abstraction Solution for One-Click Trading

IntentX is pioneering a custom account abstraction solution with gas management. This innovative feature enables Mantle users to access one-click trading with conventional web2 log-in methods, simplifying the trading process and enhancing accessibility.

Intent-Based Architecture for Competitive Quotes and Minimal Slippage

The platform's intent-based architecture ensures competitive quotes and minimal slippage, bridging the gap between decentralized trading and centralized exchange liquidity. This approach guarantees traders accurate and efficient trade execution.

Daily Rewards and Token Generation Event

To further incentivize on-chain liquidity, IntentX traders will be eligible for daily $xINTX rewards through its Trade to Earn program. Moreover, the platform plans to announce a special token generation event (TGE) following its deployment on Mantle Network, offering additional value to early adopters.

Conclusion

The strategic alliance between Mantle Network and IntentX represents a significant step forward in the evolution of web3 trading. By integrating IntentX as its native flagship perpetual futures exchange, Mantle Network empowers users with enhanced liquidity, a wide range of trading options, and a platform that prioritizes value capture for long-term holders. This partnership sets the stage for further growth and innovation within the Mantle Ecosystem, unlocking new possibilities for traders and solidifying Mantle Network's position as a leading force in web3.