🌐Benefits of Pulsar

Utility & Yield

Pulsar Defi allows Mantis Swap tokenholders to earn significant yield on their MNT. This transforms MNT into a productive asset via our minted derivative token “xMNT”.

As it stands today, the primary utility for both MNT is that it unlocks boosted rewards for staking on Mantis. Holders who stake their MNT on Mantis Swap, receive the "vote escrowed" version of the token over time. The share of veMNT that a user owns is what increases the user’s staking rewards on Mantis Swap. veMNT is also used to vote on the Mantis Swap platform. While Mantis does not require you to lock up your MNT to receive their ve-token, the user benefits from leaving it staked/locked for as long as possible, since it accures ve-power over time. Once a user unstakes any amount MNT, their ve-balance resets to 0.

What problem does Pulsar solve?

Pulsar provides greater capital efficiency for Mantis Swap users. Pulsar takes advantage of the Mantis Swap's unique tokenomics to benefit different types of users.

Currently, the optimal way to interact with Mantis is to stake equal amounts of both MNT and stablecoins. Pulsar makes it so that users of either camp can benefit.

Users can stake MNT via our minted token, xMNT, to receive a share of Pulsar's protocol revenue and bonus PSX tokens.

Stablecoin holders can stake their stablecoins on Pulsar and earn boosted yield, without having to worry about staking MNT for veHUM. This is possible because of the veMNT Pulsar accumulates from xMNT minting and staking forever.