Step Into the Mantle Yield Lab: Complete Quests for a Portion of 1M $MNT
11/26/245 min read
by Mantle
DeFi
Ecosystem
Web3
It’s time to dive into DeFi like never before — welcome to the Mantle Yield Lab! We're inviting all DeFi enthusiasts to embark on quests to claim their stake in the 1 million $MNT prize pool.
- 400K $MNT: Complete Welcome, Advanced, and Streak Tasks to earn tickets to the lottery.
- 600K $MNT: Complete Advanced and Streak Tasks to boost protocol TVL and DAU rankings and earn rewards based on your protocol-specific quest contributions.
Event Period:
- Welcome Tasks: Nov. 26, 2024 1PM UTC — Dec. 24, 2024 1PM UTC
- Advanced and Streak Tasks: Dec. 3, 2024 1PM UTC — Dec. 24, 2024 1PM UTC
Please note that users who complete all the Welcome Tasks are eligible to claim a 1 $MNT rebate to cover the Cube minting fee, visit here to apply now. This offer is capped for the first 52,000 users.
Additionally, the minting fee for Advanced and Streak Task Cubes has been reduced to 0.1 $MNT, making it even easier for users to participate and maximize their rewards.
Introducing Your DeFi Fest Champions
The community has spoken, and we're thrilled to introduce the 8 protocols taking center stage in the Layer3 Quest phase. These protocols highlight some of the top DeFi dApps within Mantle Ecosystem, offering cutting-edge innovations and exciting opportunities for users to engage and earn.
Earn Tickets to Boost Your Odds in the 400K $MNT Lottery
Throughout the 4 weeks, users will have the chance to earn lottery tickets and boost their chances of winning rewards in the lottery draw at the end of the campaign. Here is a breakdown of how the 400,000 $MNT lottery prize pool will be distributed.
(1) Welcome Tasks: Learn and Earn
Complete one-time Welcome Tasks, mint their associated Cubes, and earn up to 4 tickets to the lottery.
These one-time tasks include a mix of on-chain and off-chain quests designed to prepare users for the upcoming weeks of Advanced and Streak Tasks while helping them learn more about the protocols. With 4 Welcome Tasks in total, users have the opportunity to mint 4 Cubes and earn 4 lottery tickets!
Get Started HereReferral bonus: For every successful referral that completes the Welcome Tasks in the Mantle Yield Lab Quests, your chances of winning a share of the prize pool increase.
(2) Advanced and Streak Tasks: Complete On-Chain Quests
Aside from Welcome Tasks, users can dive deeper into the protocols by completing on-chain quests. Each protocol will offer its own set of Advanced and Streak Tasks, allowing users to complete protocol-specific quests to earn lottery tickets.
Advanced Tasks: Complete one-time protocol quests to earn 2 additional lottery tickets. Each protocol will offer users unique one-time tasks. Upon completing the Advanced Tasks, users will be able to mint the Advanced Task Cubes, which qualifies them for the 2 lottery tickets.
Streak Tasks: Users can also collect Streak Task Cubes and earn 1 ticket each time they complete a Streak Task. These tasks reset daily, so be sure to check in every day and complete them to accumulate as many tickets as possible, increasing your chances of winning big in the lottery.
Below is a list of protocol-specific Advanced and Streak Tasks:
DEXs
Money Markets
BTCFi
Yield Vault
DeFi Innovation
Keep an eye on our X/Twitter for further updates regarding the Advanced and Streak Tasks.
Explore, Interact, Earn: 600K $MNT Up for Grabs
Complete Advanced and Streak Tasks to boost protocol TVL and DAU rankings and earn your share of the rewards. The more you contribute, the greater your potential rewards.
Throughout the campaign, protocols will be ranked based on the TVL and DAU they accumulate. The higher a protocol ranks, the more $MNT will be allocated to the protocols, which will then be distributed to users who contributed to its success.
Each protocol will outline its specific quests for users to complete through Advanced and Streak Tasks. User activity will be tracked, with protocols recording each individual’s contributions. The more users engage with these tasks, the greater their potential rewards.
More details on the mechanics of the Advanced and Streak Tasks will be released next week, so be sure to follow our X/Twitter for updates. While you're at it, follow the protocols as well to ensure you don’t miss any important announcements: Mitosis, Orbitor, INIT Capital, Lendle, PumpBTC, Merchant Moe, AGNI, Cleopatra Exchange.
Side Pool Quests
Don't worry — we haven't overlooked the protocols that didn't advance in the community vote. Mantle is setting up a side pool of rewards to sponsor quests hosted by these protocols, ensuring they remain part of the action. Details about this side pool will be shared soon, so stay connected by following us on X/Twitter and joining Mantle Discord. If you have any questions, our team is always ready to assist.
FAQs
How many tickets do we earn by voting in The Community Vote, and how will they be allocated Users who participate in the community vote will receive 2 lottery tickets. These tickets will be manually distributed to the wallet address provided in the voting submission form, as long as it matches the wallet address used on Guild and Layer3.
Please note that to qualify for the 2 lottery tickets mentioned above, users must also obtain 1 extra ticket by completing quests on Layer3.
How can I track the number of tickets I have? Each Cube a user mints on Layer3 by completing a specific quest will represent a lottery ticket. Additionally, the 2 lottery tickets earned from participating in The Community Vote will be added manually, as previously mentioned.
How will the 600K $MNT be distributed to users? The 600K $MNT prize pool will be distributed by Mantle within 30 days after the campaign ends. Users will earn their share based on their contributions to the protocol quests. Each protocol will track user activity through Advanced and Streak Tasks, recording how much each user interacts with their platform during the campaign. The higher a user’s contributions, the larger their share of the protocol’s prize pool allocation.
