PWN launching on Mantle Network: Unlocking new lending experience with 0% protocol fees

The PWN app is now live on the Mantle Network, bringing the first oracle-free, multi-purpose P2P lending protocol to this fast growing ecosystem. As PWN is moving towards becoming a universal lending protocol, expanding to its 6th blockchain is a logical step to bring more DeFi possibilities to cryptonatives across the whole ecosystem.

Why Mantle

Mantle Network is a high-performance EVM and the first DAO-initiated L2 blockchain. The network is pioneering a vision of a decentralized, more collaborative economy, showcasing the potential of tokenized governance that PWN as a soon-to-be DAO identifies with.

The rapidly growing ecosystem consists of the Mantle Network, Mantle Governance (DAO) and Mantle Treasury. Mantle token ($MNT) is a unified product and ecosystem management token. The ecosystem already consists of more than 113 dApps, 40 of which are in DeFi.

However, a pure P2P lending protocol with the features PWN offers has been missing.

PWN on Mantle

  • Minimum costs: The combination of current 0% protocol fees on PWN and lower fees on Mantle, compared to Ethereum mainnet, ensures maximum efficiency.

  • Maximum utilization: With an average APY of 11% or higher and features such as PWN Safe, the lender gets maximum yield while the borrower enjoys the increased liquidity without losing the ownership benefits such as airdrops, access, or in-game utility.

  • Universality: Simply use ANY token (ERC20, ERC721, or ERC1155) as collateral.

  • Security: Mantle Network benefits from Ethereum’s security while PWN brings oracle-free, open sourced and double-audited contracts to the table. All with zero risk of liquidation or price manipulation.

What are we cooking next? Do you have a suggestion for the next deployment?
Join our Discord and let us know!

PWN is a hub for peer-to-peer lending backed by digital assets. Use your NFTs or any token as collateral and invest in fixed-interest loans and generate attractive returns. PWN makes this possible with no liquidation risks. Check out the PWN platform today.

Want to get in touch with PWN? Reach out to us on Twitter or join the community on Discord.

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