Mangata X lists vKSM — Liquidity mining goes live this Friday!

Mangata
3 min readFeb 1, 2023

- Pool Weights and Incentives
- Maximizing the Capital Efficiency
- Stay Informed
About Bifrost
About Mangata

Pioneers! We are welcoming another liquid derivative on the platform. Liquid-staked KSM from Bifrost Finance is coming to Mangata X. Deposits for vKSM are now open at https://app.mangata.finance/. The liquidity mining for vKSM/KSM pair will start on February 3rd at 10 am UTC.

vKSM offers a hassle-free way to earn KSM staking rewards. vKSM allows users to stake their KSM without having to manage the staking process themselves. As a liquid derivative, vKSM accrues value and unlocks the potential for staked KSM to be utilized in various DeFi protocols. Like many other liquid derivatives, vKSM sets the otherwise locked liquidity free and enables a more capital-efficient staking experience.

Pool Weights and Incentives

The new pool weights, which include the vKSM-KSM pair, are yet to be approved by the Mangata X Council. The Mangata X community is encouraged to actively participate in governance discussions and provide their input for new weight proposals.

You can always visit the forums on Mangata X Discord to stay informed and take part in these discussions. There, you can learn more about the ever-evolving pool weights and have a voice in the decision-making process. The deliberations on pool weights will only get more important as Mangata X lists new token pairs and further decentralize the network.

Maximizing the Capital Efficiency

Bifrost Finance is a DeFi platform that specializes in liquid derivatives. Bifrost allows users to tap into the earning possibilities of staking without dealing with the technical complexities. This aligns perfectly with Mangata’s focus on capital efficiency, as Bifrost provides unlocked liquidity through its innovative liquid staking products like vKSM, vsKSM, vMOVR, and vBNC. Mangata is dedicated to serving the Polkadot community by integrating products that improve the user experience and enhance capital efficiency.

Stay Informed

Follow Mangata Finance to get updated on all our latest developments:

  1. Follow us on Twitter @MangataFinance
  2. Join the Telegram
  3. Subscribe to our YouTube channel
  4. Join the Mangata X Newsletter at x.mangata.finance
  5. Join the Discord channel

About Bifrost

Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot and Kusama relay chains, parachains, and heterogeneous chains bridged with Dotsama. Furthermore, by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, Bifrost’s protocol lowers users’ staking threshold, increases the multi-chain staking ratio, and improves the ecosystem’s application interest base, by creating a three-way positive cycle for the StakeFi ecosystem by empowering users, multi-chains, and ecosystem applications.

About Mangata

Mangata is on a mission to become the #1 DEX on Polkadot, offering traders and liquidity providers the best platform to access unique tokens and earn rewards.

Everyone should have the opportunity to participate in the decentralized economy and benefit from the power of blockchain technology. That’s why we are building 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 Polkadot tokens, 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.

Join us on our mission to become the #1 DEX on Polkadot and unlock the full potential of the decentralized economy.

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Mangata

Our mission is to bring fair rules for traders: a guarantee of low fixed-fees and reliable orders.