Manta Staking: How to Stake Manta Network

Manta staking? Is it related to the Manta Network? To cut a long story short, it is. 

Manta Network is revolutionizing the world of decentralized finance (DeFi.) Interestingly, the multi-modular zero-knowledge (ZK) applications consist of two powerful networks: Manta Pacific and Manta Atlantic. 

Leveraging the Substrate framework, which powers Polkadot (DOT), Manta Network demonstrates its aspiration to integrate with the Polkadot ecosystem seamlessly.

What’s more, Polkadot is like a central hub for various blockchains, letting them talk and exchange stuff without having to trust each other. It’s all about making different blockchains work together smoothly. 

This magic happens through a relay chain that links many parallel chains and connections to other networks. Polkadot’s big goal? Creating a decentralized playground where blockchains can chat, trade, and team up, sparking fresh ideas and cooperation in the blockchain world.

Manta Pacific is an L2 ecosystem on Ethereum, providing developers with a seamless and cost-effective platform for ZK applications in order to deploy simply utilizing Solidity. 

Manta Pacific’s architecture facilitates reduced gas fees and enhanced scalability, creating an efficient ecosystem for creating and deploying decentralized applications (dApps). It embraces Universal Circuits, empowering developers to build ZK-enabled apps seamlessly using Solidity alongside the Universal Circuits SDK.

Meanwhile, Manta Atlantic is a high-speed ZK L1 chain built on Polkadot. Here, the focus is on introducing programmable identities and credentials to the web3 space through zkSBTs. 

What is decentralized finance?

Decentralized finance, or DeFi, is a type of financial system that’s built on blockchain technology and doesn’t rely on traditional central authorities like banks or governments. It mainly uses something called smart contracts on blockchains, such as Ethereum, to manage financial activities like lending money, borrowing, trading, and earning interest, all done directly between people.

These smart contracts are like automatic rules that manage and record transactions clearly and openly, making financial services more transparent and available to everyone. The purpose of DeFi is to make finance more accessible to anyone with an internet connection, aiming to include more people and encourage new financial ideas.

Nevertheless, DeFi also comes with challenges, including its tendency to experience sudden price changes, the attention it gets from regulators, and risks to security.

Manta Network and investment funds 

By combining the strengths of Manta Pacific and Manta Atlantic, Manta Network empowers developers and users alike to dive into the next generation of web3 applications, all while safeguarding privacy through zero-knowledge cryptography. A team of seasoned founders with impressive backgrounds from prestigious institutions like Harvard and MIT worked on the project.

But that’s not all. Manta Network has also secured investments from leading web3 investment funds such as Binance Labs and Polychain Capital, showcasing its potential to impact the DeFi landscape significantly. Furthermore, it has participated in top-tier web3 accelerators like Alliance DAO and Berkeley Blockchain Xcelerator, further validating its position as a frontrunner in the space.

Manta staking 

Let’s return to Manta staking. 

Let’s discuss how MANTA holders can benefit from the network’s delegated proof-of-stake (DPoS) consensus mechanism. This mechanism ensures optimal transaction fees, high censorship resistance, and the opportunity to earn staking rewards.

For MANTA holders, participating in staking is straightforward. You have two options:

Become a Delegator: Simply own MANTA tokens and use the delegation dApp provided by Manta Network. 

Become a Collator Runner: If you have the technical know-how and the hardware resources, you can become a Collator Runner. This involves running a Manta blockchain node to produce blocks and verify transactions. While this path requires more resources, it also offers potentially higher rewards.

In summary, Manta Network offers a compelling ecosystem for developers and users. Whether you’re looking to build innovative web3 applications or earn rewards through staking, Manta Network offers something exciting.