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.
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.
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?
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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.