Skate Mantle Mania: 50k MNT and 2M Ollies in Rewards

Skate (previously Range Protocol)
2 min readSep 19, 2024

--

We are super excited to be partnering with Mantle to give Mantle users amazing opportunities to earn $MNT and Ollies rewards!

Over the next month, we will be supercharging the yield on our Vertex Liquidity Majors vault on Mantle and also rewarding $MNT stakers through the Mantle Rewards Station.

SkateFi’s Vault

SkateFi’s vaults on Vertex not only power their order book liquidity, but also bring institutional-grade delta neutral strategies to retail users. Users deposit USDC on Mantle and get access to multiple streams of yield.

These are a great way for users seeking delta-neutral yield and exposure to sophisticated market making strategies.

Vault Rewards

Over the next 4 weeks, we will be heavily incentivizing this vault with 50k $MNT incentives, and 2M Ollies.

Keep in mind that the APY figure on the Vault link may not include the $MNT incentives.

Vault link: https://app.skatefi.org/derivative/mantle/0x34d63ef1189d925f47876dcbf7496d0598c6156d

Also accesible via Vertex frontend: https://app.vertexprotocol.com/vaults

Timeline

Incentives will be for depositors during the period September 20-October 18. These incentives will accrue in real time during this period and are based on liquidity from each depositor. Depositors will be able to claim their $MNT incentives and Ollies on a weekly basis (every 7 days from the Start date to End date) from the vault page on SkateFi.

Start date: September 20, 6 AM UTC

End date: October 18, 6 AM UTC

5M Ollies for Mantle Rewards Station

Furthermore, Skate will distribute an additional 5 Million Ollies to participants of Mantle Rewards Station.

These Ollies will be distributed to users who lock their $MNT on Mantle Rewards Station via lottery tickets.

Important Dates:

First Snapshot Date: Sept. 20th, 2024, 10AM UTC
Final Snapshot Date: Sept. 29th, 2024, 10AM UTC

Start of Rewards Redemption Period: Oct. 3, 2024 10AM UTC
End of Redemption Period: Nov. 3, 2024 9:59AM UTC

For more details and how to participate: https://rewards.mantle.xyz/skate

For all the latest updates and latest information, be sure to follow both Skate and Mantle on X/Twitter.

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--