Mantle Launches Liquid Staking Protocol, Aiming for Top 3 in Decentralized Staking

Mantle, Ethereum's Layer 2 platform, launched Mantle LSP, a liquid staking protocol. It positions itself among top providers, competing fiercely for the third spot in liquid staking volume, challenging rivals Lido and Rocket Pool.

Timeline of Mantle

Mantle EcoFund started the deployment of its substantial $200 million catalyzed capital pool. Established in July 2023 following a Mantle Governance vote, this fund is one of the largest ecosystem funds of its kind and is initiating its liquidity support provision.

According to a report from Cointelegraph.com, one of the community members brought up the idea of not allowing FTX to get access to MNT using the BIT they have during the token migration taking place at the moment.