The Manta Network, an open-source DeFi protocol designed on the Substrate frame, has announced its strategic partnership with Clover Finance, a Polkadot parachain providing EVM supportive infrastructure. The Manta Network took to its Twitter handle to circulate the collaboration news stating:
Manta Network is excited to announce its partnership with @clover_finance to bring #ERC20 tokens to MantaSwap's private #DEX.https://t.co/ZFhJ1wMZ5U
— Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) March 9, 2021
The duo will collaborate and research DEXs with cross-chain technology, privacy, and stability in price. These efforts will result in total end-to-end anonymity and superior cross-chain interoperability. Through the partnership, Manta will support Clover’s Ethereum crypto assets that enable private transactions and swapping.
Clover Finance is excited to announce its partnership with @MantaNetwork, to bring insured #privacy to the @Polkadot #DeFi landscape. Manta is a set of easy-to-use and secure protocols based on #Substrate frameworks.https://t.co/aYamfobxm4
— CLV | by Clover (@clv_org) March 9, 2021
The Chief Strategy Officer of Manta Network, Victor Ji, stated that the team is excited to collaborate with Clover to enable private access to ERC20 tokens through the exchange. Interestingly, Clover helps developers switch, replicate and transport their contracts onto Polkadot for deployment. Users can do so using MetaMask, Remix, Truffle, or any other similar switching tool.
Clover is a Polkadot parachain committed to providing easy‑to‑use blockchain infrastructure and creating a one‑stop EVM compatible framework for Substrate‑based applications. Clover’s EVM easily deploys Ethereum dApps on Polkadot and creates trustless two‑way pegs between ERC20 and DOT‑based assets.
Manta Network, a parachain in the Polkadot ecosystem, leverages zk-SNARKs, a non-interactive form of zero-knowledge proofs, to deliver scalable, private transacting and swapping. The Manta Network’s goal is to strengthen the privacy of the DeFi network by allowing users to transact and exchange privacy. Manta Network’s first major project is a privacy-preserving automated market maker (AMM) DEX called MantaSwap.
