Mantle Network, a DAO-led web3 ecosystem built around Ethereum layer 2 (L2) and Ether liquid staking protocol Mantle LSP, has announced a strategic alliance with IntentX, a next-generation OTC derivatives decentralized exchange (DEX). The partnership aims to enhance users’ liquidity and trading experience within the Mantle ecosystem.
TLDR
- Mantle Network announced a strategic alliance with IntentX, a next-generation OTC derivatives decentralized exchange (DEX).
- IntentX is designed to serve Mantle Network as a native flagship perpetual futures exchange, offering 261+ trading pairs and 85% of platform revenue going back to $INTX stakers.
- IntentX received seed investment from Mantle EcoFund and a 250,000 $MNT grant to incentivize its traders and users.
- $INTX will be deployed on Mantle to enhance liquidity and foster integration within the Mantle Ecosystem.
- IntentX is building a custom account abstraction solution for one-click trading with web2 log-in methods.
IntentX, designed to serve as a native flagship perpetual futures exchange for Mantle Network, offers 261+ trading pairs on a non-KYC, permissionless platform.
The DEX boasts an impressive 85% of platform revenue going back to $INTX stakers, revolutionizing the game with intent-based perpetual products and one-click trading through conventional web2 login methods.
To support IntentX’s growth and ecosystem integration, Mantle EcoFund has provided seed investment in accordance with MIP-28. Additionally, IntentX has received a 250,000 $MNT grant, the largest from the Mantle Foundation to date, to incentivize its traders and users through the Mantle Blitz Minigame and a $MNT fee rebate program.
As part of the partnership, $INTX will be deployed on Mantle to enhance liquidity, build community, and foster deeper integration within the broader Mantle Ecosystem.
Mantle users will be able to trade from a range of 261+ $USDe perpetual pairs, and depositors can accrue 20x Sats per $USDe of up to a $10 million cap.
$xINTX, the staked form of $INTX, serves as the project’s main utility and value capture mechanism. With 85% of IntentX’s revenue distributed to $INTX stakers, the platform is committed to prioritizing value capture and creating sustainability for its community of long-term holders. An exclusive airdrop event for users and early supporters will also be launched alongside the $INTX token launch.
IntentX is developing a custom account abstraction solution with gas management, allowing Mantle users to access one-click trading with conventional web2 log-in methods.
The platform’s intent-based architecture ensures competitive quotes and minimal slippage, bridging the gap between decentralized trading and CEX liquidity.
To further incentivize sustained on-chain liquidity, IntentX traders will be able to earn daily $xINTX rewards through its Trade to Earn program. The platform will also announce a special token generation event (TGE) following its deployment on Mantle Network.
