Blockchain platform Mantle has staked 40,000 ether (worth $66 million) on Lido as part of its treasury management strategy. This move follows a recent governance vote that grants community members decision-making power regarding Mantle’s treasury. The staked ether is expected to generate a yield of 4.1% APR. Mantle’s native token has experienced a 29% decline in the past month due to the broader crypto market downturn. In addition to this staking initiative, Mantle has also launched its mainnet technology stack to enhance Ethereum’s scalability and compete with other layer two solutions. Currently, the Mantle network has a total value locked (TVL) of $37 million.
AI Sentiment: Positive