In a significant move for its ecosystem, Mantra has completed the migration of all protocol-owned liquidity from Uniswap to its own decentralized exchange. This transition, finalized within just 24 hours following the approval of Proposal 17, highlights the project's commitment to enhancing its liquidity framework. The material points to an encouraging trend: the growing confidence in decentralized exchanges among users and investors alike.
Successful Migration of Mantra Chain
The successful migration is a strategic decision aimed at consolidating Mantra Chain's liquidity, thereby reducing its reliance on Ethereum's ERC-20 standard. By shifting to its native platform, Mantra is positioning itself to better support a blockchain ecosystem that focuses on real-world assets.
Strengthening Operational Capabilities
This transition not only strengthens the platform's operational capabilities but also aligns with its long-term vision of fostering a more integrated and self-sustaining financial environment.
Following Mantra's recent migration of liquidity to its decentralized exchange, a discussion has emerged regarding on-chain transparency in DeFi, particularly after significant whale trading on the Hyperliquid platform. For more details, see this article.
