BitDAO operates the Mantle Network, an Ethereum layer-2 solution that utilizes roll-up technology to provide low transaction fees and fast finality for decentralized applications. By enabling token holder governance through the $MNT token, BitDAO empowers users to influence the strategic direction of the ecosystem, promoting economic equity in the decentralized finance landscape.
Funding
Funding not disclosed
Founders
Product
Problem
Ethereum's main network can suffer from high transaction fees and slower transaction speeds, hindering the user experience for decentralized applications (dApps). This limits the scalability and widespread adoption of Web3 technologies.
Solution
Mantle Network is an Ethereum layer-2 (L2) scaling solution that leverages roll-up technology and a modular architecture to provide lower transaction fees and faster finality. By utilizing a decentralized data availability layer powered by EigenDA, Mantle Network enhances performance while inheriting Ethereum's security. The network is EVM-compatible, allowing developers to easily deploy existing Ethereum dApps. Mantle is governed by $MNT token holders, who can influence the strategic direction of the Mantle ecosystem through on-chain proposals and voting.
Target Audience
The primary target audience includes dApp developers seeking a scalable and cost-effective Ethereum environment, as well as $MNT token holders interested in participating in the governance of the Mantle ecosystem.
Features
- Ethereum layer-2 network utilizing roll-up technology for increased throughput
- Modular architecture with a decentralized data availability (DA) layer powered by EigenDA
- EVM-compatible, enabling seamless deployment of existing Ethereum dApps
- $MNT token governance, allowing token holders to participate in decision-making
- mETH Protocol for staking ETH and receiving yield-bearing mETH
- Treasury management system with transparency and accountability
- EcoFund with $200M allocated for investments in high-potential applications and technology partners