Bella Protocol Announces Strategic Partnership with Manta Network to Boost Liquidity and Ecosystem Expansion
*SINGAPORE / ACCESSWIRE / April 4, 2024 / *Bella Protocol has established a strategic partnership with Manta Network, marking a significant step in their collaborative journey. This move follows the successful launch of Bella LP Farm on Manta and the recent deployment of a BellaStaking node. The objective of the partnership is to unlock the vast potential of the rapidly evolving Manta ecosystem and leverage Bella's proven track record as a leading DeFi liquidity protocol to catalyze growth and innovation within this vibrant ecosystem.
Bella Protocol is dedicated to innovating and providing avant-garde liquidity solutions that not only augment liquidity but also prioritize user satisfaction, all underpinned by a robust foundational infrastructure. Manta is a key partner in this endeavor, given its extensive three-year exploration of diverse fundamental blockchain technologies. Key attributes of Manta that align with Bella's goals include:
*Efficiency enabled by modular Data Availability*. Leveraging Celestia for Data Availability (DA) and zkEVM for scalability, Manta Pacific can achieve high scalability and low transaction fees. This proves vital for propelling ecosystem growth, especially considering that DeFi activities constitute the most prevalent and recurrent scenarios. End-users of DeFi protocols such as Bella Flex Savings and LP Farm can directly benefit from this advancement, bringing us one step closer to mass adoption.
*Developer-friendly architecture*. It's indisputable that a blockchain's success hinges significantly on its appeal to developers. Manta's programmable zero-knowledge feature and user-friendly ZK library offer Solidity developers - the largest blockchain developer group - an appealing platform to utilize ZK technology within the familiar Ethereum environment.
*Strong potential in liquidity*. As a pivotal element within the cryptocurrency market, DeFi, and any blockchain ecosystem, liquidity significantly influences trading efficacy and market stability. Consequently, the shared objective of a blockchain, dApps in its ecosystem, and even end-users is to achieve a high Total Locked Volume (TVL). As per DeFiLlama, Manta has surpassed numerous prominent L1s and L2s, securing a spot in the Top 25 for TVL, currently exceeding $229 million, with expectations of continued growth.
"Bella Protocol's engagement with Manta Network is a cornerstone of our shared path toward innovating within the DeFi landscape," said Kenny Li, the Co-Founder of p0x Labs and core contributor for Manta Network: "This collaboration extends beyond mere milestones; it's about leveraging our combined strengths to foster a DeFi ecosystem that is more accessible, efficient, and secure for everyone."
"As we embark on this ecosystem collaboration journey with Manta Network, we're not just supporting a project," said Felix Xu, CEO & Co-founder of Bella Protocol: "We're investing in the future of DeFi. Manta's innovative solutions align seamlessly with our commitment to pushing the boundaries of liquidity provision. Together, we're charting a course for a decentralized landscape that not only meets but exceeds the expectations of the rapidly evolving crypto community."
Looking ahead, Bella Protocol will actively seek innovative projects for partnerships in liquidity farming. Aiming to broaden yield prospects for the community, catalyze the development of more infrastructure layers and DeFi applications, and carve a path towards a wider, more efficient, and fair DeFi terrain spanning diverse ecosystems.
*Contact:*
Bella Protocol
contact@bella.fi
*About Bella Protocol*
Bella Protocol is a DeFi project that provides a suite of streamlined tools, including a yield protocol Bella LP Farm, which is live on zkSync, Mantle Network and Manta Network, an Ethereum-based smart yield aggregator Bella Flex Savings, and a Uniswap V3 simulator called Tuner.
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*About Manta Network*
Manta Network is committed to building a better Web3 world through privacy protection. Manta's product design starts from first principles and provides end-to-end privacy protection for blockchain users through leading cryptography architectures such as zkSNARK. While ensuring privacy, Manta offers interoperability, convenience, high performance, and auditability, allowing users to conduct private transfers and transactions between any parallel chain of assets. Manta's vision is to provide more convenient privacy protection services for the entire blockchain world.
Manta's founding team is made up of several cryptocurrency veterans, professors and academics with experience from Harvard University, MIT and Algorand. Manta's investors include Polychain, ParaFi, Binance Labs, Multicoin, CoinFund, Alameda, DeFiance and Hypersphere. Manta is also an official Web3 Foundation grant recipient, a member of Substrate Builder Program, and a member of Berkeley Blockchain Accelerator.
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*SOURCE:* Bella
View the original press release on accesswire.com