Glossary

MNTS

Mantis Swap's governance and reward token for providing and staking liquidity. Pulsar rewards users for converting their MNTS Balacer Pool Tokens to xMNTS on our platform. We then take those tokens and stake them forever, accruing veMNTS and boosting stablecoin yield for our depositors.

veMNTS

Vote escrowed MNTS is accrued as users stake MNTS Balacer Pool Tokens on the Mantis Swap platform. It is not transferable and is lost when unstaking BPTs. The higher a user's balance of veMNTS, the more they can boost their stablecoin yields on Mantis Swap. Pulsar's #1 goal as a protocol is to accumulate as much veMNTS as possible.

PSX

The governance and revenue-sharing token for Pulsar Defi. Users earn PSX by staking xMNTS or providing liquidity for the protocol.

xMNTS

xMNTS is minted by converting MNTS Balacer Pool Tokens at a 1:1 ratio. It can be staked on the Pulsar Defi platform to receive ~66.6% of our protocol revenue in the form of MNTS. xMNTS stakers also receive bonus rewards in the form of PSX.