Keom Protocol is excited to announce the successful deployment of its lending product on the Manta Pacific Network! Stay tuned for upcoming announcements about reward campaigns ;)
This achievement marks a significant stride forward for Keom’s objectives of pioneering zkDeFi and supporting the Polygon zkEVM ecosystem.
Manta Network recently made the strategic transition to a zkEVM chain using the Polygon CDK (Chain Development Kit). This decision underscores Manta Network’s unwavering commitment to innovation, scalability, and the broader development of its ecosystem.
The initially-listed tokens on Keom Lending include three popular digital assets with the following risk parameters:
The supply and borrowing limits are denominated in their native currencies and are representative of the maximum capacities permitted by the prevailing on-chain market conditions. These limits may be subject to change over time as a result of improved on-chain liquidity. Any such fluctuation would be thus upwards, up to a $1M USD cap per market, and consistent with the protocol’s risk assessment metrics. Any increases beyond this threshold would need to be voted on by the community through a governance vote.
Keom Protocol & Manta Network Partnership
Keom is excited to partner with the Manta Network and would like to congratulate them on their recent growth in the number of deployed dApps and increasing TVL!
- Over 3.80 million total transactions
- Over $17.75 million TVL
- Over 150 ecosystem projects, with more & more joining every day
Polygon CDK & Keom Pioneering zkDeFi
There are many advantages of Polygon CDK and ZK-tech for the Manta Network including:
- Rapid Finality with ZK Proofs: Utilizing ZK technology through Polygon CDK ensures rapid security guarantees and finality. With ZK proofs, finality can be achieved in minutes or seconds, as opposed to days. This means that transactions and actions on the Manta Pacific ecosystem are not only secure but also significantly faster, enhancing the user experience.
- Math-Based Security: The implementation of strong ZK proving on CDK emphasizes the security of mathematical principles rather than relying on social-economic incentives associated with fraud proofs. This approach enhances the robustness of the entire network, making it less susceptible to vulnerabilities stemming from human factors.
- Modularity and Sovereignty: The Polygon CDK, with its core principles of modularity and sovereignty, provides the flexibility required to meet Manta Pacific’s immediate and long-term needs. This adaptability ensures that the ecosystem can evolve and grow efficiently.
- Interoperability and Trustless ZK Bridge: Manta Pacific plans to leverage the interoperable blockspace and liquidity offered by chains built with Polygon CDK. This is achieved through a trustless ZK bridge to Ethereum. This innovative approach enables atomic Layer 2-to-Layer 2 transactions, expanding the scope of liquidity accessible by dApps on Manta Pacific. By participating in a shared, trustless ZK bridge to Ethereum, Manta Pacific becomes part of a thriving ecosystem of Layer 2 solutions while maintaining chain independence and customizability.
- Simplified ZK Development: The migration to a ZK Layer 2 with Polygon CDK unlocks Manta Pacific’s vision of creating a robust ZK dApp ecosystem. This integration makes it easier for developers to create ZK dApps without the need to delve deeply into the intricacies of cryptography. The inclusion of Universal Circuits and its libraries abstracts away the complexities of crafting custom ZK circuits, facilitating the development of applications such as compliant private payments for DeFi and privacy-preserving identity verification for Web3 social.
- Seamless Integration with Existing Tooling: The integration of Manta Pacific’s best-in-class ZK ecosystem with the ZK infrastructure of Polygon CDK is seamless, ensuring that existing development tools work “out-of-the-box.” This compatibility streamlines the development process and allows developers to focus on building innovative solutions rather than overcoming technical barriers.
These points emphasize the power of Polygon’s ZK technology and the potential of Polygon CDK to empower many more chains and projects to launch their own Ethereum ZK-powered L2 chains and join the greater Polygon ecosystem.
Keom is proud to be pioneering zkDeFi. Our commitment to Polygon’s 2.0 vision includes Keom supporting chains built with Polygon’s CDK and this will contribute significantly to the growth of Keom and the vitality of the 0xPolygon zkEVM ecosystem. This cohesive effort aligns with the shared vision of creating a more accessible, efficient, and robust DeFi landscape.
To embark on your journey of lending and borrowing with Keom on the Manta Network, start here.
About Manta Network
Manta Network is the modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is the modular L2 ecosystem for EVM-native ZK applications and dapps that want to deliver the lowest cost and best experience for users. Leveraging Manta’s Universal Circuits to enable ZK-as-a-Service and Celestia’s data availability for modularity to deliver low gas fees, Manta Pacific offers the perfect environment for ZK-enabled applications. Learn more about Manta Pacific here.
Manta Network is created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of privacy-focused web3 applications.
Keom is a suite of AI-enhanced ZK-powered trading products, pioneering the first fully on-chain leveraged trading protocol on Polygon zkEVM, without the use of synthetic assets. Committed to asset safety and user protection, Keom leads innovation in risk metrics and methodologies, empowered by world-class tech, legal expertise, and R&D.
This blog is strictly for information and educational purposes.
Its content shall always be corroborated by your own research and advice sought from independent sources.
DeFi and the overall crypto space are still developing and there are risks involved in engaging with them.
This blog shall not be deemed to constitute financial, legal, tax or any other sort of advice.
This blog shall not be construed as a solicitation to buy or sell any assets or to make any financial decisions.