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Positions Finance Launches on the Manta Network

Twitter icon  •  Published 3 weeks ago on December 3, 2024  •  Hassan Maishera

On Tuesday, Manta Network announced via X that Positions Finance has now launched on its blockchain.

Positions Finance Launches on the Manta Network

On Tuesday, Manta Network announced via X that Positions Finance has now launched on its blockchain. Now live on testnet, Positions Finance is set to introduce borrowing and leverage on staked assets, integrating MantaCeDeFi and ecosystem yield vaults.

Users can now restake across yield vaults with Positions, borrow assets instantly, or provide liquidity to simply earn yields.

Manta Network serves as the gateway for ZK applications, utilizing a modular blockchain and zkEVM to establish a new paradigm for an L2 smart contract platform. MANTA, the native coin of the Manta Network, is up 4% in the last 24 hours and is currently trading at $1.266.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.