Mantle Network plans to allocate US$238 million to provide liquidity support for ecological applications, RWA stablecoins and cross-chain bridges

08/28 14:20

On August 28th, Mantle Network, an Ethereum Layer2 network community, released a proposal to use Mantle Treasury to promote ecosystem development. The specific terms include providing up to $160 million in liquidity support for applications, providing up to $60 million in seed liquidity for RWA-supported stablecoins, and providing up to $18 million in liquidity support for third-party cross-chain bridges. The proposal also authorizes the Mantle Economic Committee to discuss with service providers and top on-chain system trading companies and negotiate cooperation agreements or other commercial agreements on liquidity deployment if necessary. In addition, the proposal also details the selection criteria for service providers, including risk management and execution systems, reporting requirements, major protections and guarantees, deployment strategies, risk control, fees, and incentive measures.

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