In case you missed it, @MantaNetwork will be a Modular Ethereum L2 leveraging Celestia’s Data Availability technology.
They announced a campaign to pre-farm $MANTA via airdrop, very much like Blast (Blast is no more than a multisig, presently).
Some big whales have been depositing assets, and there’s a split between EigenLayer (1B TVL), Blast (1B TVL), and Manta (456M TVL).
According to their socials, Manta has received 60M in funding from investors such as Binance Labs and Polychain Capital. DYOR!

Currently, there are 3 opportunities on Manta

1. Deposit ETH, farm NFTs to get $MANTA airdrop
2. ETH trading at 10% discount in Manta because of a 70-day lock when bridging
3. NFTs: Buy airdrop NFTs, possibly at a discount

Opportunity #1: Airdrop $MANTA

You bridge ETH or USDC from Ethereum to Manta. When you deposit ETH, they give you $STONE at a ~1–1 rate, and when you deposit USDC, they give you wUSDM at a ~1–1 rate too.
Here’s a link to the bridge (code required → QWN3S):
https://newparadigm.manta.network/?inviteCode=QWN3S…
After you bridge, you will start getting boxes, which get you NFTs. They are trading live in Element Market. NFTs will be redeemable for $MANTA. You have two choices: hold the NFTs (to get $MANTA) or sell them straight away for instant ETH.

Opportunity #2: DeFi on the Manta Network

$STONE is liquid in Manta, which means that you can do stuff in Manta DeFi (like lend it on LayerBank).
Unlike Blast, where you deposit and get no liquidity back. Since ETH/USDC deposits will be locked in Manta for 2 months starting Jan 1st, this means you cannot bridge $STONE or $wUSDM out yet.
Consequently, people who want to leave the chain have been dumping $STONE in Manta, causing a 10% price depeg relative to ETH. Same with wUSDM. This means that arbitrageurs can buy $STONE at 10% discount in ApertureSwap for example, wait 2 months, and then redeem for ETH 1–1 for 10% profit in 2 months when Manta opens up withdrawals.

Opportunity #3: NFTs

Airdrop farmers are getting NFTs, which can be held for $MANTA redemptions or can be sold in Element Market.
There’s a question: are these NFTs underpriced relative to how much MANTA they will get? It comes down to the estimated NFT supply and estimated FDV for Manta. I won’t go into much detail here. You need to estimate MANTA per NFT, then consider NFT potential supply (with assets bridged => farming time) and Manta FDV scenarios. If you find that any NFTs are underpriced related to the model scenarios, then that’s a speculative opportunity.
30,000,000 $MANTA will be distributed to the 6 NFT categories based on rarity. 20,000,000 additional MANTA (total 50M) will be distributed in other ways.

What other steps can you take if you want to qualify for other epic crypto payouts?

In 2023, I personally made over £200k from Airdrops using a straightforward yet powerful method — and I’m ready to share every step with you in this comprehensive course.
Below is a video review from a subscriber to my course:

Corrado’s Success Story: What he Thought of the ‘Crypto Airdrop Hunting’ Course — A Real User…

🚀 The Ultimate Course to Learn How to Airdrop Hunt in Cryptocurrency! In this video, I’m excited to share my exclusive…
youtube.com

Whether you’re just dipping your toes into the world of cryptocurrency or you’re a seasoned investor looking to refine your airdrop hunting skills, this course is designed for you.
As Bitcoin climbs and ‘airdrop season’ approaches, seize this opportunity to be perfectly positioned for substantial profits in 2024.
Dive deep into six key airdrops poised to potentially offer a combined value easily exceeding £100k in payouts in 2024. These Airdrops I will teach you how to potentially get are:

• Optimism
• Linea
• Scroll
• Base
• ZK Synce
• LayerZero

But that’s just the beginning — as you progress through the course, you’ll discover opportunities for numerous additional airdrops, each with significant earning potential.