September 30 2023 • 12 minutes
Here at De.Fi we’re always keeping an eye out for potential airdrop opportunities. Our YouTube channel is one of the best resources you can use to learn about new and exciting airdrop/retrodrop opportunities that are open to crypto enthusiasts.
In the past few months, we’ve done several videos on the potential for a Mantle Network airdrop and what users can do to position themselves to be rewarded. These videos have become some of our most popular, making it clear that there is plenty of excitement around a potential retrodrop for users the interact with Mantle and its early dapps.
In this blog, we’ll dive a bit deeper into Mantle Network’s background while also reviewing the steps we cover in our various Mantle airdrop YouTube videos. You’ll get all the information and links you need to participate and hopefully score a lucrative retrodrop!
Mantle Network describes itself as “a technology stack for scaling Ethereum”. They are an optimistic rollup L2, which means that they scale Ethereum by operating a separate blockchain that settles all transaction data to the Ethereum mainnet. Mantle is EVM-compatible which means that all existing Ethereum contracts and tools can work seamlessly on their rollup with minimal changes.
The main benefit of using Mantle for end-users and developers is cheaper fees. While Ethereum mainnet transactions can be $10 or higher for simple actions like sending ETH from one address to another, executing even complex DeFi transactions on Mantle will likely only cost you a few cents in ETH. Overall, Mantle network claims an “80% reduction in gas fees” achieved via data compression and modular data availability.
Mantle users can also expect a more streamlined transaction experience. According to their overview documentation: “Users can customize transaction confirmation requirements, with the lowest security setting providing near real-time confirmation latencies (~10 milliseconds versus Ethereum’s ~12 seconds). Additionally, Mantle Network achieves a transaction throughput some 20 times greater than Ethereum (500 TPS versus Ethereum’s ~25 TPS).”
These benefits are terrific for many crypto users who feel priced out of ETH L1, and with Ethereum focusing on a rollup-centric roadmap that will promote L2s, there’s a good chance Mantle could become a thriving home for DeFi, NFTs, and other onchain apps.
Everyone is on the lookout for trends that will emerge during the next crypto bull run and Mantle is taking key steps to differentiate itself. This has influencers and crypto projects looking for promising new networks taking note:
A new Layer 2 has emerged: @0xMantle
— IAN (@cryptoian) June 14, 2023
Will its unique features and the largest DAO treasury in existence make Mantle Network a game-changer?
A thread 🧵👇
[1/11]
The wait is no longer. The Social Networth @joinfantech has officially launched on @0xMantle network.
— fan.tech (@joinfantech) September 23, 2023
We will dive into the reasons we chose Mantle in a future post, but for now let’s go through all the exciting features you can explore in fantech today 👇 pic.twitter.com/LG2atx5vCq
With onchain activity trending up and Ethereum users making it clear that they want low fees with scalability, Mantle Network is the perfect choice if you’re an airdrop hunter looking for a promising new chain to experiment with.
Before we move to airdrop tasks, be sure to take note of the official links below for Mantle’s online properties. Remember to always be vigilant when completing the airdrop requirements and to only use URLs for the official projects we have listed.
Scammers will often use links that look very similar to an official project’s domain as a way of tricking crypto users into connecting their wallets to malicious smart contracts. Stay safe and always check links twice.
Mantle recently announced that they’re planning to distribute 20M MNT tokens via a recent tweet:
Checking my MJ Miles every minute of the day and thinking how much I need to get some of the 20M $MNT rewards#MantleJourney pic.twitter.com/l8m3dRe7YP
— Mantle (@0xMantle) September 5, 2023
This is equivalent to roughly $8 million at current market pricing. If you want to give yourself a shot at a share of these rewards, follow the steps main steps below to complete the official Mantle Journey and explore the recommended dapps that will help you increase your overall network activity.
The first step you’ll want to take in qualifying for a potential Mantle Network airdrop is to add the chain to your web3 wallet like Coinbase Wallet, Trust Wallet, or MetaMask. If you use MetaMask, you can do this automatically by navigating to the mainnet bridge withdraw page (https://bridge.mantle.xyz/withdraw), clicking “Connect Wallet”, then clicking “Switch to Mantle Mainnet”. If you don’t have MetaMask, you will need to look at the instructions for your DeFi wallet around adding custom networks.
Once you have found the instructions to add a custom network, you will want to enter the following information:
Network Name: Mantle Mainnet
RPC URL: https://rpc.mantle.xyz
Chain ID: 5000
Currency symbol: MNT
Block explorer URL: https://explorer.mantle.xyz/
Here’s what this info looks like when entered into MetaMask:
After adding Mantle Network to your wallet, the next step will be to add funds to your wallet. If you prefer to use the official Mantle bridge, you can do so here: https://bridge.mantle.xyz/
It’s important to note here that, unlike many other L2 bridges, you will NOT be bridging ETH to use as your gas token on Mantle. Instead, Mantle has the Mantle token with the majority of liquidity primarily on Ethereum. If you would like to use Mantle’s official bridge, you will need to first purchase MNT via a centralized exchange that offers it or Uniswap.
Swapping ETH for MNT on Uniswap
For those who would like to swap, the official token address for MNT is: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354
Please note that when bridging via the official Mantle bridge you will have to use Ethereum mainnet. This will likely incur significant gas fees, so double-check to ensure that you have enough funds.
However, if you would like to source MNT on Mantle Network without dealing with ETH mainnet fees, there is another solution! With Symbiosis Finance (https://app.symbiosis.finance/) you can perform cross-chain swaps from a variety of different assets to receive MNT on Mantle Network. How many options are there? This is just a snippet of the various networks and assets you have to choose from:
In the example below, the option to swap ETH from Base Network to Mantle Network native MNT was chosen:
There are some fees and slippage that will be impacted by the liquidity available but, nonetheless, this is a fantastic option for users who want to get their hands on Mantle Network native MNT without incurring ETH L1 fees.
Once you have MNT available to complete transactions on Mantle, you can get rolling on the main airdrop tasks.
Mantle Journey (MJ) is a system that indexes activities and interactions on the Mantle Network, both onchain and offchain. To participate, users need to create a Mantle Journey profile via the main website: https://journey.mantle.xyz/
To start, you’ll want to mint a Mantle Journey SBT (Soulbound Token) through an EVM-supported wallet like MetaMask. Keep in mind you’ll need MNT gas tokens to do so, so if you haven’t reviewed the process above regarding bridging to Mantle Network.
Users also need to verify at least one social media account (e.g. an X profile) and complete the process of customizing their Mantle Journey profile. Following these steps is the bare minimum for interacting in the Mantle Journey process.
After a profile is set up, we recommend browsing through the additional ways to earn MJ miles. These include executing transactions on the Mantle Network, depositing or bridging tokens to the network, holding specific amounts of MNT tokens, and participating in governance.
In our opinion, completing social events appears to be a cost-effective way to earn 100 MJ miles, as bridging or holding MNT tokens may be expensive.
Now that we’ve covered the main Mantle retrodrop qualification process, let’s move on to some of the promising new apps on the network. While there’s no guarantee using these apps will automatically qualify you for the airdrop, in general, your odds will always be better for a retrodrop if you diversify your activity across various smart contracts.
Lendle is one of the most popular early DeFi protocols on Mantle Network. You can check it out by visiting: https://app.lendle.xyz/
Through their easy-to-use interface, it will only take a few clicks to get started putting your crypto assets to work via borrowing and lending. Remember, if you need a diverse set of tokens on Mantle Network, you can always use the Symbiosis Finance swap app we recommended earlier:
Make sure to explore their app and check out each of the available Lendle products. The site mentions tasks for a $LEND airdrop as well, so if you are trying to maximize the odds of lucrative onchain rewards, make sure to check the requirements.
The Orbiter bridge allows you to bridge native ETH from any number of chains to the Mantle Network. This includes low-fee options like Arbitrum, Optimism, and Base. The bridge can be accessed here: https://www.orbiter.finance/
Here’s what the interface looks like for a low-fee transfer of .04 ETH from Base to Mantle:
Once the transfer is complete and you’ve confirmed that the ETH appears in your wallet, we recommend using the ETH throughout the Mantle ecosystem to optimize your potential MJ miles. Even better, Orbiter Finance may be completing its own airdrop down the line, so this could be a way of double-dipping on potential rewards.
Ammos Finance (https://app.ammos.fi/) is one of the first pure DEX experiences on Mantle Network where users can permissionlessly swap between various tokens or pool assets to earn liquidity mining rewards:
Keep in mind when using Ammos and all other cutting-edge apps on new networks like Mantle that it’s important to consider your order sizing. If you are swapping large amounts of tokens, there may not be enough liquidity in pools to complete your order without incurring detrimental slippage. Take your time, research, and explore while being safe with your funds.
REAX is a synthetic assets provider for DeFi on the Mantle Network: https://app.reax.one/. Users can mint synthetic assets by staking collateral in a vault, using tokens like USDC, wrapped MNT tokens, Bitcoin, and Ethereum.
Users can also then swap these synthetic assets in the REAX DEX. To complete the in-app ecosystem, REAX also offers liquidity pools where users can provide assets and earn yields.
REAX also has a points system allowing users to earn REAX tokens that grant protocol ownership powers. So by using this app, you’re helping increase your potential for a Mantle retrodrop while also building an investment in a potentially promising early ecosystem DeFi protocol. However, keep in mind that you will likely need to contribute significant transaction volume to earn substantial rewards. As always, weigh the risks of using funds on new dapps vs the potential rewards you are expecting.
AGNI Finance (https://agni.finance/) is a decentralized exchange (DEX) on the Mantle Network. Users can connect DeFi wallets directly to AGNI on the Mantle mainnet. Trade various tokens, provide liquidity, and track data via the AGNI dashboards.
The DEX has a sleek, fun interface and offers a high overall total value locked (TVL) of around 23 million, making it one of the larger DEXs on Mantle.
As we hope you’ve seen, De.Fi is always on the lookout for new airdrop opportunities to help web3 users get ahead. However, it’s also important to stay vigilant whenever you are operating within the DeFi yield farming and NFT ecosystems. As inventors of crypto’s first antivirus, we’re not just here to educate you. It’s our mission to keep investors safe as well.
With this in mind, we highly recommend taking some time to investigate the security tools built into our industry-leading DeFi dashboard suite: Scanner & Shield.
Scanner is a free smart contract security auditor that allows you to get a report on any possible exploits hidden within a token address in <1 minute.
And what about auditing existing wallet connections and purchases? In that scenario, Shield has you covered. Simply connect your wallet to our revoke permissions tool and we’ll complete another automated scan to ensure that
Finally, to stay up-to-date on breaking crypto security news, we highly recommend following our De.Fi Security account on X. Turn on post alerts and be notified when an exploit comes to our attention!
Crypto can be intimidating, but with De.Fi by your side you’ll have everything you need to stay secure while finding the best opportunities. Happy hunting!
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