MantaDAO

MantaDAO’s mission is to support the entire Kujira ecosystem towards delivering a best-in-class experience to both traders and protocols looking to list their token on FIN, while being profitable for MNTA stakers.

To achieve that, MantaDAO operates two complementary activities: (i) a Development arm building applications and tooling to improve users’ experiences and opportunities across the Kujira ecosystem, and (ii) an Investment arm focusing on deepening liquidity on FIN’s orderbook via long-term protocol-owned liquidity and sustainable market-making programs (i.e. not requiring token incentives).

MantaSwap is the first product developed by MantaDAO and at the time of writing, it is responsible for approximately 23% of all volume on FIN, which generates about ~8.5% APR for MNTA stakers.

The utility of the MNTA token is primarily to protect the MantaDAO treasury from governance attacks. MantaDAO stores POL in the form of LP tokens inside the DAO treasury. POL is constantly being increased and extended to new assets in order to boost the trading volumes and fees from MantaSwap router, which works on top of FIN and BOW. Each staked MNTA token represents a share in MantaDAO and enables stakers to receive regular distributions from operational income (MantaSwap revenue at present, more revenue generating products will be developed in the future). Since Kujira on-chain governance proposal 450 passed, MantaDAO is able to independently create new pools and trading pairs in BOW and FIN, and, most importantly, flexibly configure existing ones. Thus, MantaDAO truly owns its liquidity at the code level.