The Private DeFi deal from Manta Network
The essence of Manta’s philosophy is in minting private coins and tokens with stable coins and other tokens on the contract (with the minting value ratio of 1:1).
Moreover, a decentralized private swap platform manages the exchange of these privacy tokens.
Generally, there are two protocols in the Manta Network:
- The decentralized private payment protocol
- The decentralized private token exchange protocol
DAP protocol (Decentralized Anonymous Payment) is built on zk-SNARK. The main point of this is the possibility for the users to swap Polkadot and its Parachain tokens with corresponding private tokens. There is also an opportunity to pay with privacy tokens and reclaim base coins from private tokens.
DAX protocol (Decentralized Anonymous Exchange) is built on AMM and zk-SNARK.
In this case, users are able to buy and sell private variants of tokens on the platform.
The cost formation system of the decentralized private token exchange protocol is compatible with the AMM. The rate model of Manta tokens is built on the deduction and reclaim of swap acceptance fees and transaction fees.
Therefore, in the future, the team will also produce products like artificial asset stable coins based on Manta.
The Manta Network intends to combine Manta products inside the decentralized private lending protocols. With the development of the new features, this project promises its users very high benefits. What can be better than having strong protection and the possibility to act anonymously while trading? Manta Network is the answer you have been looking for.
