Manta Network is the first privacy-preserving DeFi stack supported by zk-SNARK, and is building a cross-chain, privacy-protecting, price-stable decentralized trading platform. Based on the Substrate framework, the protocol is easy to use and secure, providing complete end-to-end anonymity, high throughput, and high cross-chain interoperability.

Manta Network is a privacy protection project on the Polkadot chain. It provides DeFi users with the highest security level of privacy protection on the chain through the cryptographic technology zkSNARK, aiming to become the privacy protection infrastructure of the entire decentralized finance. Manta's early products include MantaPay, a private payment protocol, and MantaSwap, a private DEX protocol in the Polkadot ecosystem. Based on the Substrate framework, Manta can provide plug-and-play privacy protection services for the entire Polkadot ecosystem.

Manta's long-term vision is to become a privacy-preserving platform for blockchain applications. Manta's founding team consists of several cryptocurrency veterans whose experience includes Harvard, MIT, and Algorand. Manta has previously completed multi-million dollar financing involving Polychain, Coinfund, Parafi, DeFiance, Multicoin, Alameda, and Hypersphere. Manta is also a grant recipient of Polkadot's official Web3 Foundation, a member of the Substrate Builder Program, and a member of the Blockchain Accelerator at the University of California, Berkeley.

Project Introduction

Manta Network is a privacy-preserving decentralized exchange. Manta Network is built as a layer solution on Substrate, with native compatibility with other projects built on top of the Polkadot ecosystem.

Privacy Preserving Transactions
Manta Network leverages zk-SNARKs, a form of non-interactive zero-knowledge proofs, to provide scalable, privacy-preserving transactions and exchanges. Since zk-SNARKs is a code-based solution, we have the advantages of flexibility and speed for the best user experience in a decentralized exchange: speed and privacy.

Cutting Edge
Because we built our layer 1 solution using Substrate, we control the underlying blockchain consensus. This, combined with the obfuscation provided by zk-SNARKs, means we provide upfront resilience. Other traders and trading bots cannot take advantage of being able to see your trades.

Fully Decentralized
Our goal is to build a decentralized exchange fully governed by the community. Functions such as governance will be represented by the Manta Network token $MA. Governance functions including the topic of selecting new trading pairs and tokens for inclusion on the exchange will be determined by token holders in the community.

MA Token

Manta is a deflationary functional privacy token. According to the actual usage of the privacy protection network in its protocol and the growth in DeFi, users can perform operations such as incentive dividends, redemption, and token destruction. The total amount of Manta tokens is 1,000,000,000. Its main source of income is the replacement fee (0.1%) for the generation of privacy tokens and the redemption of basic tokens, as well as the payment of privacy tokens and the handling fee for the exchange between different privacy tokens (0.3% — variable ). These continuous incomes will give Manta tokens discount value, redeem value, governance value, and extended value.