Overview
We're working with folks at Symbiotic and Babylon on a new secure, decentralized staking solution that enables MANTA token holders to participate in Manta Pacific's network security and earn rewards at the same time. Node runners can opt in as operators on the Symbiotic or Babylon layer and contribute to the network's fast finality architecture by generating proofs that will vastly increase the reliability of state transitions on Manta Pacific and bring down the finality times from days to mere minutes. Learn more about the dual-layer fast finality architecture here: Fast Finality on Manta Pacific
Symbiotic is a decentralized security protocol that enables blockchain networks to access shared security from a pool of staked assets, creating an efficient marketplace for economic security. This helps optimize resource allocation, boosts staking returns for token delegators, and ensures robust security through a flexible, incentive-based design.
Babylon is a decentralized protocol that allows native Bitcoin staking directly on the Bitcoin blockchain, without intermediaries. It uses a shared-security architecture to extend Bitcoin's security to other decentralized networks enabling BTC holders to engage in multi-staking while keeping their assets on the Bitcoin network, offering verifiable security for said networks.
We're leveraging Symbiotic's restaking infrastructure and Babylon's shared security architecture to combine Ethereum's and Bitcoin's security with Manta Pacific's high-performance execution. This increases overall asset efficiency for MANTA and BTC token holders and helps enable fast finality on Manta Pacific.
How it Works
Simply put, Manta Pacific nodes have the option to become operators on the Symbiotic and Babylon layers. This enables MANTA and BTC token holders to delegate their tokens to these active node operators, establishing a dual-layer security framework. By merging Bitcoin's substantial liquidity with Manta Network's native asset, this approach significantly enhances the overall safety and robustness of the network.
If you're keen to learn more, we recommend checking out the following docs:
Key Benefits of this Architecture
- Added Security for Manta Pacific: The delegated MANTA and BTC incentivize operators to honestly verify the state transitions on Manta Pacific, and the validation results are relayed to Ethereum to be settled there.
- Token Rewards: Token delegators and node operators earn MANTA rewards.
- Decentralization: Both fast finality and native MANTA staking are enabled using decentralized infrastructure.
Reward Mechanism
Staking rewards are calculated differently for operators and token delegators.
- Operators earn rewards for submitting fast finality proofs to the network. Reward distribution occurs every days: $MANTA for the first six months, then $MANTA thereafter, allocated proportionally based on each operator's proof submissions during the period. Operators can set a commission rate to retain a portion of rewards before distributing the remainder to their delegators.
- Delegators receive rewards proportional to their staked amount in their chosen operator's vault. After the operator's commission is deducted, the remaining rewards are distributed among delegators based on their share of the total stake in that vault.
Get Started
Become an Operator
If you run a Manta Pacific node and want to join as an operator, refer to the guides below.
Delegate your MANTA Tokens
Follow the guide showing how to delegate your MANTA tokens - TBD to an active operator.