桥激活后 Manta Network 的加密资产存款骤降 52%

在 STONE 和 wUSDM 启用提现功能后，Manta Network 上的加密资产存款在 7 天内暴跌 52%。这种流出归因于用户寻求短期收益以及对代币脱钩状态的担忧。尽管面临这些挑战，Manta Network 仍计划通过新技术开发和活动重新激发人们的兴趣。

Manta Network Experiences Significant Crypto Asset Deposit Decline Following Bridge Enablement

桥启用后，Manta Network 的加密资产存款大幅下降

Manta Network, a modular Ethereum Layer 2 blockchain, has witnessed a substantial 52% decrease in the total value of crypto assets deposited on its platform within the last seven days. This decline follows the recent activation of the official Manta bridge, which allows for withdrawals of STONE and wUSDM from the blockchain.

Manta Network 是一个模块化以太坊第 2 层区块链，过去 7 天内存放在其平台上的加密资产总价值大幅下降了 52%。这一下降是在最近激活官方 Manta 桥之后发生的，该桥允许从区块链中提取 STONE 和 wUSDM。

On March 25, prior to the bridge enablement, the blockchain's total crypto assets stood at an impressive $497 million. However, this figure has since plummeted to a mere $245 million.

3 月 25 日，在桥启用之前，区块链的加密资产总额达到了令人印象深刻的 4.97 亿美元。然而，此后这一数字已骤降至仅 2.45 亿美元。

STONE, a liquid staked version of Ethereum, competes with the likes of stETH and rETH, while wUSDM is a wrapped variant of USDM, a stablecoin that generates yields from Treasury Bills.

STONE 是以太坊的流动质押版本，与 stETH 和 rETH 等竞争，而 wUSDM 是 USDM 的包装变体，USDM 是一种从国库券产生收益的稳定币。

Kenny Li, co-founder of Manta Network, acknowledges the significant outflow of assets following the conclusion of the New Paradigm campaign. He attributes this exodus to users seeking short-term gains similar to those promised by the campaign's airdrops.

Manta Network 联合创始人 Kenny Li 承认，新范式活动结束后，资产大量外流。他将这种外流归因于用户寻求类似于竞选空投所承诺的短期收益。

The campaign, which commenced on December 14, rewarded users with NFTs that were later converted into tokens for bridging assets like STONE and wUSDM onto the blockchain. However, the bridge was unidirectional, meaning users were unable to withdraw their assets until the campaign's conclusion on March 26.

该活动于 12 月 14 日开始，向用户奖励 NFT，这些 NFT 随后被转换为代币，用于将 STONE 和 wUSDM 等资产桥接到区块链上。然而，该桥是单向的，这意味着用户在 3 月 26 日活动结束之前无法提取资产。

Despite this restriction, third-party bridges such as Rhino.fi facilitated user exits from the blockchain, although they did not support transfers of STONE and wUSDM.

尽管有这样的限制，Rhino.fi 等第三方桥接器仍帮助用户退出区块链，尽管它们不支持 STONE 和 wUSDM 的传输。

Unable to withdraw STONE or wUSDM directly from Manta, users resorted to exchanging these tokens for Ether and other stablecoins, such as USDC, which could then be withdrawn through third-party bridges like Rhino.fi.

由于无法直接从 Manta 提取 STONE 或 wUSDM，用户只能将这些代币兑换成 Ether 和 USDC 等其他稳定币，然后可以通过 Rhino.fi 等第三方桥提取。

This led to a significant strain on the value of STONE and wUSDM within Manta's decentralized exchanges, causing their market value to deviate significantly from their supposed pegs.

这导致 Manta 去中心化交易所内 STONE 和 wUSDM 的价值受到巨大压力，导致它们的市场价值与预期的挂钩大幅偏离。

The depegging of STONE and wUSDM presented users with a dilemma: either accept a loss on the USD value of their deposits in order to pursue investments elsewhere, or patiently await the opening of the bridge.

STONE 和 wUSDM 的脱钩给用户带来了两难境地：要么接受存款美元价值的损失，以便在其他地方进行投资，要么耐心等待桥梁的开通。

Many users opted to wait for the official bridge, as evidenced by the over $200 million in assets that left the blockchain within the last week.

许多用户选择等待官方桥梁，上周超过 2 亿美元的资产离开区块链就证明了这一点。

Despite the depegging on Manta, STONE and wUSDM remained backed by their respective assets. For example, each STONE token was perpetually supported by an equivalent value in Ether. The challenge lay in the fact that redemptions were only feasible on the Ethereum mainnet. Users who patiently awaited the official bridge were not subjected to any value loss.

尽管 Manta 脱钩，STONE 和 wUSDM 仍然得到各自资产的支持。例如，每个 STONE 代币都永远由等价的以太币支持。挑战在于赎回只能在以太坊主网上进行。耐心等待官方桥梁的用户并没有遭受任何价值损失。

Manta Network is actively working on regaining the lost capital. In addition to the ongoing Renew Paradigm and Restaking Paradigm campaigns, Li reveals that his team is developing novel technical advancements that will introduce fresh use cases to the industry.

Manta Network 正在积极努力挽回损失的资金。除了正在进行的“更新范式”和“重新尝试范式”活动之外，李透露，他的团队正在开发新颖的技术进步，这将为行业引入新的用例。

While the details of these use cases remain undisclosed, their introduction is anticipated within the next few weeks.

虽然这些用例的细节尚未公开，但预计将在未来几周内推出。

It is hoped that these new use cases will rekindle interest in Manta Network's Layer 2 blockchain. The network's governance token, MANTA, has experienced a 12% decline in the last seven days, currently trading at $2.80, representing a $2.8 billion fully diluted value.

希望这些新用例将重新点燃人们对 Manta Network 第 2 层区块链的兴趣。该网络的治理代币 MANTA 在过去 7 天内下跌了 12%，目前交易价格为 2.80 美元，完全稀释后的价值为 28 亿美元。