Mantle (MNT), the DAO-led web3 ecosystem centred around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol Mantle LSP, has announced a strategic partnership with IntentX, a next-generation OTC derivatives decentralized exchange (DEX).
The collaboration aims to revolutionize decentralized finance (DeFi) liquidity and trading offerings.
Mantle EcoFund invests in IntentX
As part of the partnership, IntentX secured seed investment from Mantle EcoFund, enabling liquidity support and ecosystem integration.
In addition, IntentX also received a grant of 250,000 $MNT from the Mantle Foundation, the largest grant awarded to date. The grant will be used to incentivize traders and users through various avenues, including a unique minigame and fee rebates.
Furthermore, the collaboration between Mantle and IntentX aims to foster community building and advance the broader DeFi ecosystem.
Enhancing liquidity for IntentX Perpetual Futures Trading
IntentX introduces a paradigm shift in perpetual futures trading with its intent-based architecture and deep liquidity on a non-KYC, permissionless platform.
Traders can express their intentions, which are executed by external solvers and plugged into centralized exchanges (CEX) liquidity, ensuring competitive quotes and minimal slippage.
With over 261 trading pairs and 85% of platform revenue distributed to $INTX stakers, IntentX is committed to creating sustainable revenue generation for its community of long-term holders.
The platform’s integration with Mantle facilitates deeper liquidity, community building, and a seamless trading experience for users.
As part of the partnership, $INTX will be deployed on Mantle to enhance liquidity and build community within the broader Mantle Ecosystem.
Mantle users to access a wide range of trading pairs and accrue additional benefits, such as earning 20x Sats per $USDe deposit.
Furthermore, $xINTX staking offers users the opportunity to boost their revenue over time, with 85% of IntentX’s revenue distributed to $INTX stakers.
IntentX’s innovative approach to trading incentives, coupled with Mantle’s robust ecosystem, creates a compelling proposition for traders and liquidity providers.
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