As the world of decentralized finance (DeFi) continues to evolve at an impressive pace, new platforms and protocols are continually emerging. One of the latest and most notable integrations is that of the PWN app with the Mantle Network, paving the way for a new era in P2P lending.
Understanding Mantle’s Appeal
The Mantle Network stands as a leader in the blockchain realm, recognized as a high-performing EVM and the inaugural L2 blockchain spearheaded by a DAO. Its vision embraces a future where the decentralized community collaborates in harmony. This ethos of token-based governance finds resonance with PWN’s aspirations to transition into a DAO.
Powering this network is the Mantle ecosystem, which consists of the Mantle Network itself, its DAO-driven governance, and a treasury. Central to its operations is the Mantle token ($MNT), tasked with harmonizing product and ecosystem management. With an impressive repertoire of over 113 dApps, of which 40 specialize in DeFi, Mantle’s ecosystem is burgeoning. Yet, until PWN’s introduction, it lacked a comprehensive P2P lending protocol.
Spotlight on PWN’s Features on Mantle
- Cost Efficiency: Merging PWN’s existing 0% protocol fees with Mantle’s reduced rates, especially when compared to the Ethereum mainnet, guarantees optimal performance and savings.
- Optimal Returns: Lenders can expect an appealing average APY of 11% or more. Features like PWN Safe ensure lenders reap maximum profits. Meanwhile, borrowers benefit from enhanced liquidity without forfeiting advantages like airdrops, access privileges, or in-game functionalities.
- Flexibility in Collateral: PWN stands out by allowing users to employ ANY token, be it ERC20, ERC721, or ERC1155, as collateral.
- Unmatched Security: By operating on the Mantle Network, PWN users benefit from the robust security that Ethereum is known for. Additionally, PWN contributes its unique oracle-free, open-sourced, and twice-reviewed contracts, ensuring transactions occur without the fears of liquidation or price manipulation.
The collaboration between PWN and Mantle Network promises a transformative experience for DeFi enthusiasts. This partnership not only fills a void in the Mantle ecosystem but also opens doors to a plethora of opportunities for crypto aficionados globally. The combined strengths of both entities are set to elevate the DeFi landscape to unparalleled heights.