Data: Giant whale addresses have successively transferred nearly $100 million worth of ETH and BTC to Manta Network to participate in Manta CeDeFi

ChainCatcher news shows that on-chain data indicates two whale addresses ending in 937Be1 and e088c9 have successively transferred nearly $100 million worth of ETH and BTC to the Manta Pacific network to participate in Manta CeDeFi products.

It is reported that the Manta CeDeFi product is a real asset-backed yield product launched by Manta Network. Through Ceffu MirrorX technology, it can obtain institutional CeFi yields and funding rate arbitrage profits. Manta CeDeFi unlocks CeFi solutions that are usually only available to exchange VIPs. Currently, the BTC and ETH asset-backed APY is 5.6%, while the USDT and USDC asset-backed APY is 17.5%.