New Paradigm is a liquidity incentive activity within the Manta ecosystem launched by the Manta public chain. Similar to the recent Blur’s Blast liquidity staking, users can stake their funds to receive future token airdrops.
(Note:
Manta public chain is the first ETH L2 built on Celeasita)
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Compared to Blast, New Paradigm has the advantage of a rich ecosystem and a shorter payback period. Users can receive token airdrops as early as January 2024.
In addition, the Manta public chain itself has received $60 million in investments from top institutions such as Binance Labs and Polychain Capital, reaching a valuation of $500 million.
Table of Contents
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Expected Rewards for Manta New Paradigm
Gameplay Explanation
Basic Logic
Initial Rewards
Reward Calculation
Invitation System
Acceleration and Efficiency Bonus
Additional Rewards
Key Timeframes
Specific Operations
Join the Activity
Activate Initial Rewards
Activity Interface Overview
Strategy Introduction
Stable Gameplay (Purchase Stone + LP + Borrowing)
Aggressive Gameplay (Sell Stone and Cycle in ETH)
About Us
The expected rewards for the activity include the following parts:
After cross-chain transferring ETH and USDC to the Manta ecosystem, just like Blast, users can earn around 5% interest even if their assets remain idle.
By participating in the activity and staking assets, users can receive future token airdrops.
By engaging in interactions with projects within the Manta ecosystem, users can have potential airdrop opportunities from the projects themselves.
After staking ETH and USDC, users can use the acquired Stone and wUSDM to participate in projects within the Manta ecosystem, such as lending projects, to receive the returns provided by the projects themselves.
Total rewards: 3% (basic reward) + 2% (additional reward) + 1.5% (ecosystem reward) = 6.5%
Users can stake ETH or USDC to receive blind box fragments as rewards. These fragments can be exchanged for blind boxes, and the NFTs obtained from the blind boxes can be redeemed for future token airdrops.
High-quality users can receive different amounts of blind box fragments as initial rewards based on their ratings.
If there are initial rewards and the user wants to receive them, they need to deposit 0.25 ETH or an equivalent value of USDC to activate the wallet and obtain the invitation code.
If there are no initial rewards, users need to deposit at least 0.01 ETH or an equivalent value of USDC to activate the wallet and obtain the invitation code.
By staking 1 ETH, users can receive 25 blind box fragments as rewards every 7 days. 25 fragments can be combined into 1 blind box, and 1 blind box can open 1 NFT.
Note that this activity is different from Blast. Due to its short duration, funds cannot be deposited after January, and it is unlikely to collect enough NFTs by extending the timeline with a small amount of funds.
After the first deposit, users can receive 8 invitation codes. When the group’s funds reach 5E, an additional 5 invitation codes can be obtained. When it reaches 20E, 1 permanent invitation code can be obtained.
The inviter can receive two levels of rewards, 16% and 8%. For example, if A invites B and B invites C, A can receive 16% from B and 8% from C, increasing the spread of the activity.
If the initial deposit is relatively large, the 7-day waiting period will be reduced and the first week’s fragment reward can be obtained directly, but the acceleration effect can only be used once.
The more funds the group pledges, the more bonus fragments can be obtained during each cycle.
The default 3% reward is allocated to 6 types of NFT holders. To receive an additional 2% reward, users can combine the 6 types of NFTs into a super rare NFT, and holders of the super rare NFT can receive a 2% token reward.
The 6 types of NFTs can be obtained by participating in the activity and opening blind boxes, or they can be bought and sold on the market.
In addition, users participating in interactions with Manta ecosystem projects (such as Dex, Lending, providing LP, etc.) can receive a 1.5% token reward. Manta ecosystem projects
See the link
.
In January 2024, users can exchange their obtained NFTs for token rewards.
After receiving the token rewards for 69 days, users can unlock and transfer their pledged ETH and USDC from the Manta ecosystem.
newparadigm.manta.network
Enter the activity page using the invitation link from Biteye to join the Biteye group and obtain exclusive additional rewards.
Half of the invitation rewards will be given to group members.
Biteye has received an official Grant of 25,871 $Manta, and 25%-50% will be given to group members as incentives.
More benefits coming soon
Click “Join Now” on the activity page to join the activity.
Bind Twitter, connect the wallet, and confirm the initial reward.
If there are initial rewards, the congratulations interface will appear, and the corresponding funds need to be deposited to activate the rewards.
If there are no initial rewards, the following interface will appear, prompting users to switch wallets and try again.
Here, funds are transferred from the mainnet to the Manta network. Pay attention to the gas fees on the mainnet when depositing funds.
After depositing ETH, it will become Stone, and after depositing USDC, it will become wUSDM. If there is no gas for subsequent interactions, a third-party bridge can be used, such as MiniBridge, to cross-chain to the Manta network, which will save more gas fees.
Note that to participate in the activity and receive blind box fragments, funds need to be deposited through the activity page. However, for the gas required for interactions within the Manta ecosystem, a third-party bridge can be used for cross-chain transfers.
https://minibridge.chaineye.tools/
Here, because the deposited funds are less than 1 ETH, only 0.27 ETH, the cycle time of 7 days is extended to (1/0.27) x 7 = 25.9 days, which is approximately 25 days and 22 hours for one cycle.
In other words, users can receive 6 fragments per week, and after 25 days and 22 hours, the fragments can be used to combine into blind boxes.
This is also why it was mentioned above that if the funds are too small, it may not be possible to combine a blind box before the activity ends. However, the following will introduce some aggressive strategies to help small funds accelerate this progress, although the risk is higher. Choose according to personal circumstances.
After depositing ETH, many users may sell the Stone they have in hand in order to take out their funds for more aggressive operations. At this time, the price of Stone will definitely decouple from ETH. However, as the locked assets are unlocked in the future, the price of Stone is likely to gradually return to parity with ETH. We can buy Stone at a low price and wait for it to stabilize and rise.
https://dexscreener.com/manta/0x02b25ffb7269fc167f8959de9a1bcd4213c06aaf
As shown in the above figure, the current price of Stone is only 0.89 ETH. After buying it, wait for the price to return to 1 ETH.
At the same time, after depositing ETH, users can also take the obtained Stone to Quickswap to form LP and earn transaction fee income, or deposit funds into the Layerbank lending platform to earn lending rewards and the additional 1.5% ecosystem reward provided by Manta.
https://quickswap.exchange
https://manta.layerbank.finance/
Sell ETH for Stone directly on Quickswap, use a cross-chain bridge to transfer it out, and then deposit it again to earn more fragment rewards with a small amount of funds.
But note that due to continuous selling of Stone, there is already an erosion of nearly 11% here. If you think that the future airdrops cannot cover this erosion, then it is not recommended to operate in this way.
About Us
Biteye is a leading Web3 research community in Asia, generating forward-looking investment research content and tools through community and AI-driven methods to help community members explore the Web3 rabbit hole.
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*Disclaimer: The shared content in this article is for learning and communication purposes only and does not constitute any investment advice, nor does it represent the position of Biteye. If you like our articles, follow us!
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