Bridge ETH or USDC to Manta in order to become eligible for rewards!
Manta Network
Expired
Progress mission: 0 of 3
Expired
Rewards
Reward Results
$280 $2,100
Details
Minimal cost
~$2,400
Time required
26 min.
Category
Mainnet
Rating
6/10
Risk
Medium
Users received boxes for depositing funds through the New Paradigm bridge. Bridging 0.25 ETH at the beginning of the campaign would allow you to get one NFT.
The average deposit for Manta was $10,000. At that time ETH was worth around $2,200 per one coin, meaning the average deposit amounted to around 4.5 ETH. With this amount of deposit you would be able to get around 18 boxes, two of which would probably be a frenzy box. Meaning that your total amount of boxes could amount from 20 boxes to 66 boxes.
Depending on the rarity, the amount of tokens per one NFT were different. You could get 7 $MANTA for the lowest tier NFT and around 300 $MANTA tokens for the highest tier NFT.
Getting the highest tier NFT required combining all the lower tiers together, requiring a higher deposit, which would allow you to get at least 7 NFT boxes.
Pros & Cons
Why is it worth it?
Reward Opportunity
Bridging tokens worth 1 ETH earns a weekly box, qualifying for a potential airdrop.
Joint Opportunities
Can be paired with platforms like Element and Orbiter Finance, enhancing reward chances.
Early Benefits
Early Manta users may get initial rewards, allowing participation with smaller deposits.
Opportunity for Holders
If you're holding Ethereum or stablecoins without active use, this is a chance to earn a 5% yield and a confirmed airdrop.
Risks to consider
High Minimum
Airdrop qualification requires at least 1 ETH, a considerable amount for some.
Volume Over Repetition
The total value bridged matters more than task frequency, limiting rewards for those bridging smaller amounts.
Token Lock-Up
Participation involves locking tokens for about 80 days, as withdrawals open 69 days post-$MANTA claim in mid-January 2024.
Favors Large Deposits
This opportunity might not be as beneficial if you're not planning to make large deposits. The biggest rewards are geared towards users who deposit more.
Old Project
Manta is a parachain from 2021, which has pivoted and delayed their token launch numerous times
How to participate?
- Minimum for Airdrop Eligibility: To qualify for an airdrop on Manta, you need to bridge the equivalent of 1 ETH in tokens. This will earn you one box per week, which is the minimum requirement for airdrop eligibility.
- Key Mission - Official Bridge: The main task on Manta is to bridge funds through their official bridge. This allows you to collect boxes and participate in Manta's protocols.
- Focus on Total Volume, Not Repetition: For Manta, it's not about how often you complete tasks, but the total amount you bridge to the network.
- Combine with Other Opportunities: You can mix the Manta opportunity with platforms like Element and Orbiter Finance.
- Advantages for Initial Manta Users: Users who were early on the Manta Network (before the NewParadigm campaign) benefit the most. They can make lower deposits (0.25 ETH) and will receive initial boxes for their past activities, making them eligible for airdrops with a smaller investment.