The day has come, and the leading stablecoin, USDT, is live on Mangata X. Liquidity mining for KSM/USDT pair started on the 7th of April, 10:00 AM UTC. Mangata X users can now deposit and start farming rewards for providing liquidity to the KSM/USDT liquidity pool on https://app.mangata.finance/.
With this new listing, Mangata X expands its asset catalog by providing the long-awaited stablecoin to its users. The addition of USDT presents an alternative asset, particularly during times of market volatility. Listing a stablecoin on the platform allows users to manage their portfolios and maintain stability without the need to transfer funds out of the platform.
Pool Weights and Incentives
The community has recently engaged in discussions about pool weights on Mangata governance forums in Discord. And the new pool weights have just been approved by the Mangata X Council. Mangata users are always encouraged to actively participate in governance discussions, as community input is invaluable in shaping the future of Mangata X!
Visit the forums on Mangata X Discord to take part in Mangata governance. As Mangata pursues its progressive decentralization goals, the network greatly values input from the community. These discussions will become even more crucial as the platform transitions toward complete decentralization, ultimately placing control entirely in the hands of the users.
With the listing of USDT on Mangata X, the floodgates are now open for arbitrage traders. Since Mangata X supports permissionless liquidity provision, users can now pair any asset on the platform against USDT, potentially creating numerous arbitrage opportunities. However, it’s important to be mindful of slippage, and always check promoted pools on the DEX, as they have the deepest liquidity on the network.
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Mangata is on a mission to become the #1 interchain DEX, offering traders and liquidity providers the best platform to access native tokens and earn rewards.
We believe that everyone should have the opportunity to participate in the decentralized economy and benefit from the power of blockchain technology. That’s why we are creating a user-friendly platform that makes it easy for users to trade, provide liquidity, and earn from multiple passive income streams through double staking rewards, even if they are new to crypto.
Mangata will offer access to the widest array of tokens from all chains, better prices for traders by mitigating MEV, and the ability to trade without gas.
At Mangata, we’re dedicated to building a fair and transparent platform that puts the needs of users first, offering the lowest fees for traders and the highest rewards for stakers. We’re committed to continuously improving our platform and offering new features that provide even more value to our users.
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