Mantle 2.0 is redefining the cryptocurrency industry by bridging the gap between centralized and decentralized participants. Launched under BitDAO as an Ethereum layer-2 scaling solution, Mantle Network has evolved into a new phase with the Mantle token. Bybit executives are now advising the project, aiming to merge DeFi with CeFi.

Bybit exchange recently launched exclusive campaigns and products for the MNT token, solidifying its partnership with Mantle. A combined roadmap revealed by Bybit and Mantle offers MNT holders benefits like lower slippage buys and more payment options within the Bybit ecosystem. This strategic collaboration aims to enhance the user experience and utility of the MNT token.

Mantle may benefit from increased capital access through Bybit’s support, including investments, grants, and the Mantle EcoFund. This $200 million capital pool, with backing from strategic partners like Dragonfly and Pantera, will drive innovation and growth within Mantle’s ecosystem. Bybit’s involvement is expected to fuel expansion and development opportunities for Mantle’s native applications.

As Mantle deepens its integration with Bybit, concerns arise over the governance structure’s decentralization. While tokenholders still govern Mantle via the DAO model, Bybit’s influence is becoming more pronounced. The evolving relationship between Mantle and Bybit raises questions about the project’s autonomy and decentralized ethos.

Read more at Cointelegraph: Mantle 2.0: new meta accelerating DeFi-CeFi convergence: Delphi Digital