Mantle Network, a Layer 2 scaling solution built on the Ethereum blockchain, in which Stella, a leveraged strategies protocol with 0% cost to borrow, is now officially integrating.
With Stella and Mantle Network Integration, Leveraged Transactions Can Be Made Without Borrowing Costs
By offering an unmatched leveraging experience to both Borrowers (or “Leveragoors“) and Lenders within the Mantle Ecosystem, the collaboration seeks to reinvent the idea of leveraged DeFi. In an effort to rethink the concept of leveraged DeFi, Stella has selected Mantle as a valuable partner. Incentives between Leveragoors and Lenders on the Mantle Network will be aligned by Stella’s 0% cost of borrowing, presenting a whole new and improved idea of how leveraged DeFi should be.
Leveragoors can easily get leverage at Stella without paying any borrowing fees for supported DeFi methods. The lenders will receive a part of the yields produced by these leveraged techniques, allowing them to earn real yield without being limited by a maximum lending APY. The Pay-As-You-Earn (PAYE) mechanism, which was carefully created to enable Leveragoors and Lenders on Mantle Network to unlock the best yield potential, is what makes this extraordinary invention feasible.
Stella Cares About Safety
A separate data availability layer and an optimistic Ethereum rollup are combined by Mantle Network’s novel modular architecture to provide the following:
- Offer hyper-scale performance, enabling lower prices and quicker conclusion
- Utilizing Mantle DA, powered by EigenDA technology, to inherit Ethereum’s unmatched security while dividing data accessibility into separate layers.
On the other hand, as a result of Mantle’s work on the Threshold Signature Scheme, the withdrawal process is completed in less than 7 days. As a result, Stella’s ability to function in a more effective, safe, and reliable environment for users to engage in leveraging and lending operations is greatly strengthened. The seamless integration of Stella with Mantle creates the foundation for larger DeFi adoption by firmly preserving strong security requirements, concurrently boosting efficiency and performance, and lowering fees and latency.
About Mantle Network
An EVM-compatible technological stack for scaling Ethereum is Mantle Network. Mantle Network’s modular architecture, which combines an optimistic roll-up protocol and a cutting-edge data availability solution, is the foundation of the network.
Users at Stella can employ supported DeFi techniques with leverage without incurring any borrowing costs. The more the borrowers receive in actual yield split by the lenders in the form of a lending APY, the more money the lenders can make.