Mantis Swap (MANTIS)

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Overview

Mantis Swap is a decentralized exchange (DEX) focused on assets that track the same value, such as stablecoins and wrapped or liquid staking tokens. Built by Mantissa Finance, the protocol powers low-slippage swaps and single-sided liquidity, so users can deposit one asset at a time instead of pairing tokens. This design aims to deepen pools and keep trades efficient on the Mantis Swap blockchain deployments across EVM networks like Polygon PoS and Polygon zkEVM. The project’s native governance and utility asset is commonly called the MANTIS token (ticker: MNTS), which supports staking boosts, governance, and incentives across the app. The MANTIS price is not covered here because it changes frequently and appears in a separate, real‑time module on this page. (mantissa.finance)

What makes Mantis Swap different

• Single-sided liquidity: deposit one token, receive a claim on that same token when you withdraw.
• Multi‑asset pools: many correlated assets can share the same pool, improving capital efficiency.
• Built‑in de‑pegging protections: circuit breakers and a custom slippage curve help stabilize pool health during volatile events. (mantissa.finance)

History & Team

Mantis Swap originated in 2022 with the goal of rethinking stableswaps for correlated assets. Early milestones included a Polygon DAO grant, a preliminary audit by Hexens, and a subsequent audit by PeckShield during the testnet phase. In 2023 the team rebranded, introduced the updated MNTS token model (replacing an older MNT design), and highlighted plans for an Omniscia audit. The public beta went live on Polygon PoS and later expanded to Polygon zkEVM, with additional testing on Mode Network (OP Stack). (docs.mantissa.finance)

Public databases list “Master Po” as founder and show at least one venture investor (Modular Capital) in a seed round. While the project’s own materials focus on product updates rather than founders or investors, these third‑party listings provide a high‑level view of the organization behind Mantis Swap. (pitchbook.com)

Technology & How It Works

Single‑sided AMM with ALM

Traditional AMMs ask liquidity providers (LPs) to deposit two tokens in a pair. Mantis Swap uses a single‑sided model inspired by asset‑liability management (ALM). Each token in the pool maintains an accounting of “assets” and “liabilities,” which allows LPs to deposit only one asset and later withdraw the same asset 1:1, subject to pool state. This setup is designed to attract more liquidity because it is simpler and reduces the need to balance positions manually. (docs.mantissa.finance)

Liquidity ratio and slippage curve

Pricing and slippage are driven by a liquidity ratio (assets divided by liabilities). Mantis Swap uses a parameterized slippage curve that penalizes trades which push any token’s liquidity ratio away from 1, helping keep pool health near equilibrium. The slippage formula can be tuned via parameters like the inflection point and decay rate. In practice, this keeps swaps between assets of similar value very tight, which is especially useful for stablecoin trading. (docs.mantissa.finance)

Autonomous de‑pegging protection

Beyond the slippage curve, the protocol introduces a Risk Tolerance Variable (RTV) per token. If a token’s state crosses its risk threshold, a circuit breaker can halt swaps from that token until conditions normalize. The design goal is to minimize LP impact during peg stress or token incidents and preserve the net liquidity ratio (NLR) of the overall system. (docs.mantissa.finance)

Multi‑asset pool architecture

Unlike many DEXs that fragment liquidity across many pairwise pools, Mantis Swap can host “N” correlated assets in a single pool. This structure creates deeper cross‑routing, tighter spreads, and better capital efficiency for all included assets. The app is currently deployed on Polygon PoS and Polygon zkEVM, with contracts published publicly for core pools and governance. (docs.mantissa.finance)

Tokenomics & Utility

MNTS and veMNTS

The MANTIS token (ticker: MNTS) is the native asset of the protocol. It plays several roles:

• Governance: MNTS holders can steer protocol decisions over time.
• Incentives: MNTS rewards have historically been distributed to LPs who stake their pool tokens.
• Boosting via veMNTS: users who lock Balancer BPTs from an 80/20 MNTS‑WETH pool can mint non‑transferable veMNTS to boost their share of rewards. (docs.mantissa.finance)

The documented total supply for MNTS is 500,000,000. A portion of supply (42%) was earmarked for reward emissions, which historically flowed to LPs based on their deposits and veMNTS balance. Emission mechanics and formulas for calculating reward share and APR are detailed in the protocol docs; the project has also run points and airdrop campaigns to onboard users and align long‑term participation. (docs.mantissa.finance)

Distribution highlights

• Total MNTS supply: 500,000,000.
• veMNTS is earned by staking the MNTS‑WETH BPT and decays on a schedule, encouraging longer‑term alignment.
• Airdrop program allocation: 5% of MNTS for contributors and referrers across campaign phases leading up to TGE. (docs.mantissa.finance)

Note: earlier materials and the site’s landing page referenced “MNT” for boosted rewards. The team’s rebrand introduced MNTS to expand utilities and unify the token model going forward. Where you see “MANTIS token,” it generally refers to the MNTS ticker in current documentation. (medium.com)

Ecosystem & Use Cases

For liquidity providers

LPs can supply a single token—like USDC, USDT, or DAI—receive a corresponding LP token, and stake it for MNTS incentives with optional veMNTS boosts. Single‑asset entry and exit, plus the protocol’s ALM and circuit‑breaker logic, aim to make providing liquidity to correlated assets more straightforward and more resilient during market noise. (mantissa.finance)

For traders

Traders get very low slippage on swaps between assets that track similar values, such as stablecoins or different wrapped versions of the same coin. The multi‑asset pool design can route across more than two tokens at once, which helps concentrate liquidity and keep execution close to the intended price—key benefits for stablecoin treasuries, on‑chain payrolls, and high‑frequency DeFi strategies. (mantissa.finance)

Broader integrations: DeFi, NFTs, gaming

Because Mantis Swap specializes in correlated assets, it can underpin many on‑chain flows:

• DeFi: treasuries, yield aggregators, lending protocols, or restaking strategies that need deep, low‑slippage stablecoin liquidity.
• NFTs: marketplaces or launchpads that settle fees or payouts in stablecoins can route through tight‑spread pools.
• Gaming: GameFi titles with in‑game stores or prize pools denominated in stablecoins can benefit from consistent quotes and cheaper rebalancing.

The team’s docs highlight LST and LRT assets as part of the target set, and the roadmap indicates work on a v2 (perpetuals) architecture, gauge voting, and governance features that would expand the protocol’s reach in the broader on‑chain economy. The FAQ also notes deployments on Polygon PoS and zkEVM, testing on Mode Network, and plans to expand to HyperEVM and Berachain, signaling multi‑chain ambitions for the Mantis Swap blockchain footprint. (docs.mantissa.finance)

Advantages & Challenges

Advantages

• Single‑sided liquidity lowers the barrier to entry for LPs who don’t want to manage pairs.
• Very low slippage for assets with similar prices.
• Multi‑asset pools can unlock deeper shared liquidity and better efficiency.
• Built‑in autonomous de‑pegging protection via RTV and circuit breakers.
• Straightforward app experience aimed at quick swaps and staking. (mantissa.finance)

Challenges

• The platform has emphasized “beta” status at points, which can mean ongoing iteration and feature changes.
• Focus on correlated assets (stablecoins, LSTs/LRTs) narrows scope compared with DEXs that list many volatile tokens.
• The token stack evolved from MNT to MNTS; users should rely on official docs for the current token model and contract references. (mantissa.finance)

Where to Buy & Wallets

If you are wondering where to buy MANTIS, check the project’s official materials for the current MNTS status and contract references, as listings and contract addresses can change over time. The docs historically show deployments on Polygon PoS and Polygon zkEVM and maintain a “Contract Addresses” page for core pools and governance. Always verify you are using the correct network and contracts from official documentation before interacting. (docs.mantissa.finance)

Typical flow once MNTS is available

• Choose a wallet that supports EVM chains (for example, browser wallets that connect to Polygon PoS or Polygon zkEVM).
• Add the correct network RPC to your wallet if needed, and bridge funds to that network using an official bridge.
• Connect your wallet to the Mantis app or a supported Polygon DEX. Search for the MNTS token, confirm its verified contract, and review the trade route.
• For staking boosts, consult the veMNTS flow in the docs, which uses an 80/20 MNTS‑WETH BPT to mint veMNTS for rewards boosting. (docs.mantissa.finance)

The MANTIS price will appear in the live data panel on this page when trading is active; this article avoids real‑time figures to keep the content evergreen.

Note: some older pages mention “MNT” being “soon to be deprecated,” with MNTS designated as the updated token. If you see both tickers out in the wild, refer back to the official docs to confirm the current token and address before any swap. (docs.mantissa.finance)

Regulatory & Compliance

Mantis Swap is a non‑custodial, smart‑contract protocol for swapping correlated assets. It operates on public networks such as Polygon PoS and Polygon zkEVM, and its documentation emphasizes the DEX/AMM nature of the system rather than a centralized service. The project has discussed multiple audits across its roadmap, including Hexens, PeckShield, and a planned update with Omniscia, reflecting a focus on contract‑level assurances rather than licensing a centralized exchange. (docs.mantissa.finance)

Regarding “Mantis Swap halal” criteria and whether the MANTIS token is “MANTIS shariah compliant,” the official website and docs do not publish a Shariah advisory opinion or certification as of October 2025. Without an official statement, it is not possible to confirm that MANTIS is formally certified as shariah compliant. Users who prioritize faith‑based screening typically look for a recognized Shariah board attestation or a clear compliance framework, which is not presented in the current public materials. (mantissa.finance)

As for Mantis Swap regulatory status, no jurisdictional licenses, registrations, or legal opinions are posted on the public site or docs. Teams building AMM protocols often rely on open‑source code and on‑chain governance rather than traditional financial licensing, and users interact directly from self‑custodied wallets. If specific registrations or regional access policies are added later, they would most likely be announced on the project’s official channels and documentation. (docs.mantissa.finance)

Future Outlook

The roadmap outlines a clear push from the stableswap core to a broader product suite: governance launch, gauge voting, and a v2 perpetuals DEX are all on the slate. The FAQ notes deployments beyond Polygon, with Mode Network testing, and plans to extend to HyperEVM and Berachain, which would grow the multi‑chain footprint of the Mantis Swap blockchain. This expansion matters for builders across DeFi, NFTs, and gaming who want tight‑spread stablecoin liquidity close to their users and apps. (docs.mantissa.finance)

On tokenomics, the MNTS and veMNTS setup gives the protocol levers to direct emissions, reward long‑term participation, and align governance with active liquidity providers. The airdrop framework and points campaigns are designed to distribute ownership among real users while bootstrapping liquidity and activity. If gauge voting and partner integrations mature, MNTS could evolve into a coordination tool for routing incentives to where the ecosystem needs them most. (docs.mantissa.finance)

Summary

Mantis Swap is a purpose‑built AMM for correlated assets that combines single‑sided liquidity, multi‑asset pools, and autonomous de‑pegging protection to deliver tight, efficient swaps. On the token side, the MANTIS token (MNTS) underpins staking boosts, incentives, and governance, with veMNTS adding long‑term alignment for active participants. The protocol is live on Polygon networks and has signaled broader EVM expansion, with a roadmap that includes governance features and a v2 perps design. While the project’s public materials do not publish founder bios in detail or formal halal/Shariah certifications, third‑party listings indicate a 2022 founding, a pre‑seed round, and a founder known as “Master Po.” As the app and token economics continue to develop, Mantis Swap aims to be core liquidity infrastructure for DeFi—and a useful base layer for teams building in NFTs and gaming—where stable, low‑slippage routing is essential. The MANTIS price is dynamic and shown separately in real time; the fundamentals above explain what the protocol is trying to achieve and how MNTS fits into that mission. (mantissa.finance)