Mantle Network Proposal for Staking Up to 200,000 $ETH Approved

Mantle Network Proposal for Staking Up to 200,000 $ETH Approved
Source: Mantle Network

Layer 2 network Mantle Network has passed a community proposal to stake up to 200,000 $ETH from the Mantle Treasury.

The proposal includes the establishment of the Mantle Economic Committee and authorizes a cumulative limit of up to 200,000 $ETH for staking strategies, with a separate cap of up to 40,000 $ETH for the Lido ETH staking strategy. It also involves building stETH-ETH and mntETH-ETH LP trading pairs on Ethereum L1 and Mantle L2 DEX.

Mantle Network is an Optimistic Rollup developed by BitDAO. It uses a modular design, where the core functions of blockchain operation are performed on specialized layers, aiming for lower costs and better overall performance. Previously, BitDAO passed a governance proposal, approving the one-way token conversion from $BIT to $MNT on a 1:1 basis.

Related: Mantle Network Launches Mainnet Alpha, $BIT to $MNT Conversion Open

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Layer 2

In This Article

Related News
Polkadot-based Phala Network launches Ethereum Layer 2 rollup Polkadot-based Phala Network launches Ethereum Layer 2 rollup
Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem
Ethereum Layer 2 Lisk launches mainnet and announces airdrop plans Ethereum Layer 2 Lisk launches mainnet and announces airdrop plans
ENS Labs introduces own ‘L2-agnostic’ rollup Namechain, aiming for launch by end of 2025 ENS Labs introduces own ‘L2-agnostic’ rollup Namechain, aiming for launch by end of 2025
World unveils new layer-2 network 'World Chain' World unveils new layer-2 network 'World Chain'
Latest News More More
18 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
18 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
2 Days Ago Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open