Mantle Showcase Radio Ep. 6 - IntentX Ascension on Mantle - Launch & TGE

IntentX's recent launch on Mantle Network has brought along many incentives that users can get involved with. To highlight all the latest developments at IntentX, Edmund (@Defi_Maestro) and Levy (@LevySaur), the founder and CEO of IntentX, sat down to discuss these exciting updates. They also gave listeners insights into what to expect in the coming months. Here's a recap of what was discussed.

Could you provide an overview of IntentX's launch on Mantle and discuss any upcoming plans?

L: We're preparing to launch our perpetual futures trading platform on Mantle, featuring 262 trading pairs. We'll be using the USDe synthetic dollar as collateral, which allows users the opportunity to accrue Sats as part of Ethena's latest campaign. This provides an exciting incentive that users can participate in right from the launch.

Launching on Mantle isn't just another multi-chain deployment for us — finding an ecosystem that aligns with our goals and provides strong support for integrations is crucial. We aim to fit into a community of builders who support each other. Mantle is the ideal place for us, offering a dynamic DeFi experience and opportunities to develop new products and engage in various ecosystem collaborations. Ethena is just one example of our collaborations, and we anticipate more developments as we move forward.

Can you provide details on IntentX's TGE and other upcoming developments?

L: Shortly after launching on Mantle Network, we will begin our Token Generation Event (TGE). We plan to reward our most active traders on IntentX, with the highest activity levels receiving the greatest benefits from our TGE. The launch will be conducted in partnership with a top-tier launchpad, and we will release more details soon.

Another exciting feature to anticipate is the xINTX staking utility. The IntentX tokenomics are specifically designed around xINTX, which is the staked form of INTX and serves as the project's principal utility and value capture mechanism. 85% of the revenue generated on the platform will be distributed to xINTX stakers. Additionally, 10% of the gross revenue from the serviced front end will also be allocated to xINTX stakers. This strategy not only brings value to stakers but also fosters a strong user base and builds a vibrant community.

What are some of IntentX's future goals?

L: One of our primary goals right now is to expand our user base. We are preparing to launch several initiatives to achieve this as part of our upcoming Mantle deployment. These include an account abstraction solution that supports cross-chain deposits and a fiat on-ramp, enhancing accessibility significantly. We believe these features will make accessing IntentX not only easier but, in some aspects, superior to traditional centralized exchanges (CEXs). We anticipate that these developments will attract a significant number of new users to Mantle shortly after our launch.

We are also onboarding prominent market makers as solvers to the network. This addition will enhance our offerings with increased trading pairs, more competitive spreads, and lower fees. This is part of an ongoing process aimed at tapping into all available liquidity sources, a key goal that we will pursue over the long term.

Mantle Showcase Radio Ep. 7 - $ENA Shards, Sats & Beyond

Ethena is another high-profile launch that recently occurred on Mantle Network, featuring numerous incentives, including its ongoing Sats campaign. To provide an overview of all the opportunities and detail the upcoming plans for Ethena, Edmund (@Defi_Maestro) hosted Seraphim (@MacroMate8), the head of growth at Ethena Labs, in an information-packed AMA.

Can you give us more insight into the lock-in periods for $ENA to achieve Sats Boosts?

S: Users can lock their USDe tokens for a minimum period of 7 days. By locking their USDe, users will receive a certain number of Sats each day. If a user holds a minimum of 50% in $ENA relative to their balance of USDe in your wallet, the rewards on their total USDe position will be boosted by 50%.

What is $ENA and are there any additional uses cases planned for $ENA?

S: First and foremost, $ENA is a governance token, which means that token holders have a say in key decisions, such as how to manage the treasury. They can also vote on proposals related to the platform's development, updates, and overall direction. Regarding additional utility, I believe we could eventually introduce revenue sharing for $ENA holders. However, this would ultimately require a vote to bring it into fruition.

Can you provide some tips or best practices for users hoping to optimize their returns using USDe for Mantle's Sats campaign?

S: It depends on your risk profile and how much you want to manage it. If you prefer simplicity, I suggest buying and locking it up. Users who do this through a CEX wallet like Bybit, receive an additional 20% boost in Sats. Those with a higher risk appetite could participate in protocols like INIT Capital, where you can use their USDe looping hook to earn Sats. However, remember that this approach is slightly riskier due to the leverage involved, and you risk liquidation.

How do you see the launch of Ethena impacting the overall DeFi landscape?

S: I believe Ethena has made a significant impact by effectively bridging CeFi and DeFi. We trade and hedge on CEXs, but then make the yield derived from these activities accessible within the DeFi landscape. The launch went exceptionally well, and the novelty of the project has helped Ethena leave a lasting mark on the DeFi landscape.

As always, make sure you’re following Mantle Network on X/Twitter to ensure you don’t miss another AMA. For those who missed the AMAs mentioned above, you can catch the full recordings here:

• Mantle Showcase Radio Ep. 6 - IntentX Ascension on Mantle - Launch & TGE
• Mantle Showcase Radio Ep. 7 - $ENA Shards, Sats & Beyond