Impossible Finance Integrates With Mantle Network
Hey Impossible Community,
We are excited to announce that Impossible Finance has integrated with Mantle Network, a modular Layer 2 scalability blockchain solution on Ethereum! With this integration, Impossible Finance continues to expand its ever growing list of supported chain ecosystems to bring even greater investment opportunities for our users.
What is Mantle Network?
Mantle is a Layer 2 scalability solution built on Ethereum. As an EVM-compatible chain, this means all tools and contracts on Ethereum will be able to work on Mantle Network with little modification. What makes Mantle Network unique is its modular architecture that combines optimistic rollups with an innovative data availability solution, allowing Mantle to tap on the best of Ethereum’s security while facilitating cheap and fast transactions.
Joining the Mantle Ecosystem
Mantle has been catching the attention of the crypto community for a while now, with an impressive $40m worth of investments within one month of its Mainnet Alpha launch. At the time of writing, Mantle has a total value locked (TVL) of $234m and notable protocols on the network include AGNI Finance, a DEX securing over $33m in TVL, and Ondo Finance, a real world asset (RWA) platform with a TVL of over $30m.
Impossible Finance is thrilled and honoured to be joining the Mantle Ecosystem. Through this integration, we will be able to collaborate even more closely with the Mantle Network, access budding projects within the ecosystem and launch Mantle Ecosystem projects on our IDO launchpad.
IDIA Is Now on Mantle Network
What our integration with Mantle brings is IDIA support on the Ethereum rollup. First time ever, Impossible is now using LayerZero’s StarGate technology to make IDIA available multichain! Built atop LayerZero, StarGate is a liquidity network for the cross-chain transfer of assets.
Through StarGate Finance, users can now bridge their IDIA tokens to Mantle Network and vice versa!
About Mantle
Mantle Ecosystem comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous organization (DAO) — Mantle Governance, one of the largest on-chain treasuries — Mantle Treasury, and an Ether (ETH) liquid staking protocol — Mantle LSP: all built on Ethereum. Mantle token ($MNT) is the unified product and governance token of the ecosystem.
Mantle’s first core product is Mantle Network, an Ethereum L2. Mantle Network strives to be compatible with the Ethereum Virtual Machine (EVM). Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.
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About Impossible Finance
Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.