Mantle is thrilled to announce an alliance with INIT Capital, which offers a liquidity hook money market built on Mantle Network that prioritizes the sustainable bootstrapping of liquidity for protocols. It introduces an innovative Liquidity Hook that enables integrating protocols to access larger, concentrated sources of liquidity that will truly bolster the growth of decentralized applications (dApps), especially for new projects emerging on the market looking to bootstrap initial liquidity.

This synergistic collaboration further strengthens Mantle’s position as a yield powerhouse, as Mantle Ecosystem onboards cutting-edge projects that allow protocols and users advance in their exploration of diversified yield strategies.

The Liquidity Game

Protocols can leverage deep liquidity on INIT by building Liquidity Hooks without having to resort to aggressive token emission strategies. INIT prioritizes composability to ensure that integrating protocols can seamlessly tap into liquidity in money markets enabled via INIT’s unique features such as multi-silo positions, flash borrow, LP as collateral, and more. As more Mantle Network dApps build Liquidity Hooks on INIT, we will see an increase in borrowing activity and lending APY, which would in turn accelerate the adoption of INIT by other protocols in the long term. By providing access to liquidity, INIT presents a flywheel on which DeFi protocols will see sustainable growth.

This creates an integrative DeFi ecosystem on Mantle, especially as INIT teams up with native decentralized exchanges (DEXs) within Mantle Ecosystem to support various LP tokens as collateral on INIT.

Auto E-Mode: A Yield-Maximizing Approach

Additionally, end users will be able to execute multiple yield-generation strategies via INIT’s user-friendly interface with just one click, while delivering maximum borrowing power enabled by its Auto E-Mode feature. This approach is aligned with Mantle’s key focus on the provision of yield-bearing assets.

Treasury Subscription & Mantle Support

In accordance with Mantle Governance proposal MIP-28, INIT will get access to Mantle Treasury’s allocation of up to 300M USDx, 250K ETH, 2K BTC and 400M MNT, on top of infrastructure support.

Upcoming

• INIT Capital launch in January 2024: Users have a chance to become early contributors of the protocol, find out more here

“Mantle has provided incredible support for INIT Capital. We’re excited for the many interesting protocols that will go live on Mantle in Q1 2024, and we look forward to fostering Mantle to be one of the highest and most sustainable yield-offering ecosystems in DeFi,” said Tascha Punyaneramitdee, Founder of INIT Capital.

“INIT Capital’s collaboration with Mantle opens a new realm of opportunities for both DeFi protocols and users as it eliminates the hassle of bootstrapping liquidity and finding optimal yield offerings all on a single platform. We’re geared up to support INIT Capital’s launch in January,” shared Gabriel Gareth Foo, DeFi growth lead at Mantle.