TLDR for the @Mantle_Official AMA held last night: Mantle L2 - Helen (Bybit Co-CEO) and Emily (Head of Bybit Spot and Byreal Co-founder) will be joining Mantle as Core Contributors - Mantle L2 will be focusing on creating industry-grade rails for real-world assets. - Bybit will serve as a bridge between Web2 and Web3 and create create Synergies and utilities for MNT within the Bybit Ecosystem - Mantle aim to be the largest ZK-secured chain by the end of the year, strengthening the institutional narrative $MNT Utility on Bybit Integrations implemented: - MNT for Bybit Launchpool Projects - MNT in Bybit Structured Products (Smart Leverage & Double Win) - MNT OTC Portial Upcoming Integrations: - Use MNT to pay for discounted trading fees on Bybit - Hold MNT to qualify for VIP Tiers - MNT Denominated Trading Pairs - MNT Options - MNT to pay for exclusive events like CCCC (Crypto Content Creator Campus) Possibilities of MNT Token Burn Mechanism - Core Contributors are open to the idea but it will be subjected to DAO voting - $BIT to $MNT conversion in the past had a 3B Token burn in the past Others - Moving foward, there will be monthly Mantle AMAs to keep a steady stream of clarity and communication with the wider Mantle Community ------- Personal Thoughts - Pretty Bullish on the upcoming narrative for Mantle L2 as it focuses on RWAs. - RWAs have a much larger addressable market compared to Crypto and it will unlock plenty of institutional adoption on chain. - The upcoming MNT integrations on Bybit will unlock value for MNT holders. - The use of MNT for trading fees and VIP Tiers should see a large spike of sticky users for MNT. - Considering that Bybit is doing 6-10b spot vol (0.1% Taker Fee) and 60-80b perps vol (0.02-0.075% Fee) daily, - That equates to approximately $27m to $45m paid in daily fees for Bybit Trading Assuming a conservative 20-50% conversion to use MNT as fees: - $5m to $22m daily or - $2-8b annual demand for $MNT purely from Bybit Trading fees. Yes, the calculations are assuming all users are retail users paying the avg fees. But even if we consider 75% of all Vol are max tier VIP users on Bybit: - we still get $1m to $6m daily or - $500m-$2b annual demand for MNT. Sounds pretty bullish to me.