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