Liquidity Incentives Program.

5 min readJul 24, 2023

Gm Mantleswap Community,

We are thrilled to announce the launch of an exciting new chapter in the MantleSwap journey — the MantleSwap Liquidity Incentive Program! As a community-driven decentralized exchange (DEX), we recognize the pivotal role our users play in shaping the future of decentralized finance (DeFi).

Introducing the MantleSwap Liquidity Incentives Program(LIP).

The MantleSwap Liquidity Incentive Program is a revolutionary undertaking to bolster our DEX platform’s liquidity. By encouraging users to become liquidity providers and actively participate in our liquidity pools, we aspire to create an environment that benefits everyone involved — traders, liquidity providers, and the broader MantleSwap community.

How Does it Work?

Participating in our Liquidity Incentive Program is simple and rewarding. Users can contribute to our liquidity pools by depositing their tokens, effectively becoming liquidity providers. In return, they will receive generous rewards for their contributions.

The rewards will be distributed proportionally based on the liquidity provided by each user. The more liquidity a participant adds to the pools and the longer they stay engaged, the greater their rewards will be.

What Can You Earn?

The rewards in our Liquidity Incentive Program are multi-faceted. Participants can earn:

Token Rewards: Users will receive tokens as a bonus for contributing liquidity to our pools. A total of 3.5 Million $MANT tokens will be airdropped to Liquidity Providers after the Token Generation Event (TGE).
Fees and Profits: As liquidity providers, users will be entitled to a share of the trading fees generated within the liquidity pools they contribute to.

Community Status: By actively participating in the program, users can gain recognition and status within our community. Liquidity providers will earn the Discord role: “Mantleswap-LP”

When Does the Program Start and End?

Our Liquidity Incentive Program will officially kick off on 25th July. Users can begin depositing their tokens into the designated liquidity pools on or before 25th July to become eligible for rewards. The program will last for 10 days and will conclude on the 4th of August.

Snapshot-based Rewards:

Starting from 25th July, we will implement a snapshot-based system to calculate rewards in our Liquidity Incentive Program. This means that every day, we will take a snapshot of each user’s balance in our liquidity pools at a specific time(Undisclosed). These daily snapshots will be utilized to average your balance throughout the program duration.

Why Snapshot-based Rewards?

We believe that rewarding our users based on their daily balance provides a fairer distribution model. This approach considers the liquidity you provide consistently, encouraging a long-term commitment to our platform. The more liquidity you contribute, and the longer you maintain your balance, the greater your rewards will be.

The average daily balance will serve as the basis for your reward calculation. The higher your average balance over the 10-day period, the more rewards you will receive.

Rewards Allocation Table:

In this program, we will be allocating a total of 3,500,000 $MANT tokens as rewards for the 10-day period. These tokens will be distributed among 6 different liquidity pools, as shown below.

Example Calculation:

Let’s illustrate the rewards calculation for a user who has contributed to Pool One and Pool Four considering assumption values.

Calculation as follows

Pool One:

10 Days Average TVL of Pool One: $2,000,000
10 Days Average User’s Balance in Pool One: $1,000
Token Reward Allocation for Pool One: 700,000 tokens

Pool Four:

10 Days Average TVL of Pool Four: $3,000,000
10 Days Average User’s Balance in Pool Four: $500
Token Reward Allocation for Pool Four: 350,000 tokens

Rewards Calculation for User in Both Pools Using the formula for rewards calculation:

Reward = (10 Days Average User’s Balance) / (10 Days Average TVL of the Pool) * (Token Reward Allocation for the Pool)

Reward for Pool One: Reward = ($1,000) / ($2,000,000) * (700,000 tokens) Reward = 0.0005 * 700,000 Reward = 350 tokens

Reward for Pool Four: Reward = ($500) / ($3,000,000) * (350,000 tokens) Reward = 0.00016666667 * 350,000 Reward = 58.33333335 tokens (approximated to 2 decimal places)

Total Rewards for the User (10 Days):

Adding up the rewards from both pools, the user will receive a total of approximately 408.33 tokens as rewards for the 10-day period, considering their contributions to Pools.

Join Mantleswap Liquidity Incentive Program:

Participating in the Liquidity Incentive Program is an opportunity to earn rewards while contributing to the growth of our decentralized exchange. We encourage all users to become liquidity providers and play an active role in shaping the future of DeFi.

Mark Your Calendar:

The program commences on 25th July and runs until 4th August. Make sure to deposit your tokens into the designated liquidity pools Mentioned in the above table to be eligible for rewards!

Terms and Conditions:

There is no Minimum or Maximum Requirement. More liquidity you provide, the more rewards you Earn.
Rewards will be distributed based on the 10-day average TVL and the user’s balance in each pool.
Users can participate in multiple pools simultaneously, and rewards will be calculated separately for each pool based on the respective contributions.
The reward tokens will be distributed as Airdrop After $MANT token TGE.
The rewards are subject to change or be Terminated based on the overall participation and performance of the program.

We extend our gratitude to the MantleSwap community for their continued support and active participation. Together, let’s take MantleSwap to new heights with the Liquidity Incentive Program!

How to get started In Mantle Mainnet and Mantleswap Liquidity Incentive program?

Option 1:

At the time of composing this article, users have the convenient option to directly withdraw USDT, USDC, ETH, and MNT from the Bybit exchange into the Mantle Mainnet. Liquidity providers can Directly Withdraw into MetaMask and can participate in LIP.

Option 2:

Users can seamlessly bridge USDT, USDC, BTC, ETH, and MNT from the Ethereum network to the Mantle network using the official Bridge provided by Mantle Network. Notably, utilizing the bridge entitles users to a gas fee rebate of 4 MNT in Mantle Network limited to one per qualifying wallet address. Click Here for more information.

What is MantleSwap?

MantleSwap is a decentralized finance (DeFi) platform offering a full suite of tools to explore and engage with the future of wealth building, building on the Mantle L2 network

Official Links -

Website — https://www.mantleswap.org/

Twitter — https://twitter.com/MantleSwap

Discord — https://discord.gg/mantleswap