Introducing the latest addition to Mantle Ecosystem, Pichi Finance, the first DeFi protocol designed for trading points. Pichi Finance enables users to trade points in a completely trustless manner, requiring no collateral and ensuring secure, guaranteed transactions.

Presenting Points Trading: Pichi Finance's Revolutionary Approach

Pichi Finance introduces a novel concept to the DeFi space by enabling NFTs to function as self-custodial wallets through the ERC-6551 standard. This allows users to trade points seamlessly by creating NFTs called Pichi Wallets. These wallets can then be traded, transferring ownership along with the accrued points. With over 10,000 users, the platform has garnered considerable attention, and we're thrilled to welcome Pichi Finance to Mantle Ecosystem.

"Our ERC-6551 account solution addresses the issue of points being tied to individual accounts, enabling users to securely trade their points with ease - treating Pichi Wallets like NFTs and allowing them to be traded on our marketplace.

Being integrated on Mantle opens Pichi up to a whole new ecosystem of projects with points and assets like mETH, allowing users access to a new layer of liquidity for their points and eventually vested and locked tokens" adds Wesley Tang, Head of Marketing at Pichi Finance.

Advancing DeFi on Mantle Network

The alliance with Pichi Finance positions Mantle at the forefront of trustless points trading and opens up a new avenue in the DeFi space for Mantle users to explore. This collaboration enhances the utility of points for users participating in ongoing and future point initiatives on Mantle, offering them more opportunities to use their points effectively.

Gabriel Gareth Foo, DeFi Growth Lead at Mantle adds: “Our collaboration with Pichi Finance unlocks fresh opportunities by enabling users to explore new use cases for points within Mantle ecosystem. This alliance not only enhances our DeFi capabilities, but also introduces our community to features that few other chains currently offer. We're excited to see how our users leverage this innovative functionality to explore and expand the possibilities within Mantle Ecosystem.”