⚙️Mechanics

Below we breakdown how Pulsar Defi works with Mantis Swap to boost your DeFi yield on Polygon zkEVM.

Pulsar Defi

Accrue veMNT

On Pulsar, users are able to convert MNT Balancer Pool tokens to xMNT. Once converted, the protocol automatically stakes it on the Mantis Swap platform. By staking these the platform accrues veMNT.

Boost stablecoin yields

Accruing veMNT allows Pulsar to offer attractive stablecoin yields for depositors. The stablecoin yields on Pulsar will be higher than the base yields on Mantis Swap, due to the veMNT balance that we will have accrued. Pulsar's platform, similar to Convex, will charge a 20% performance fee for all stablecoin yield generated. A majority of this performance fee is redirected back to xMNT stakers, providing the xMNT token with significant value. The remaining performance fee will be redirected to users who lock Pulsar's native token: PSX.

Add even more rewards with PSX

PSX is the native token for the Pulsar protocol. Pulsar is used to help incentivize MNT conversion and liquidity providing. Check out the Tokenomics section to learn more about how these emissions occur.