For the past few years, Picasso Network has been at the forefront of developing the infrastructure to connect siloed ecosystems in the most secure and trust-minimized manner available — IBC Everywhere. The efforts have culminated to establish a powerful communication backbone that now connects Cosmos, Ethereum, Solana, and Polkadot. Today, we’re excited to bring you more information on Mantis — an SVM L2 powering best execution. Earn native yield while accessing DeFi on any chain– as the first protocol to fully leverage Picasso’s IBC Hub and the second AVS leveraging the security of Picasso’s restaking layer on Solana. What is Mantis?Mantis, at its core, is a solver network designed to power chain abstraction, making cross-chain interactions seamless and efficient. This might sound complex, but think of Mantis as a system that helps you achieve what you want across different blockchains without needing to worry about the underlying complexities. Mantis enables users to submit “intents” — simple expressions of what they want to do, like swapping tokens or transferring assets across chains. Mantis then takes these intents and ensures they are executed in the best, more secure, and cheapest possible way, whether it’s on Ethereum, Solana, or within the broader IBC ecosystem of Picasso. A great overview to learn more about Mantis can be found on the Mantis ELI5 blog. How does Mantis leverage Picasso’s Infrastructure?The IBC Hub built by Picasso is the communication backbone that Mantis leverages to make cross-chain transactions possible, while the restaking hub supports in securing the chain. Originally designed for the Cosmos ecosystem, Picasso has expanded the IBC protocol to work across Ethereum, Solana, Cosmos, and Polkadot. This means that when a user submits an intent through Mantis — like swapping assets between different chains — Picasso’s IBC Hub ensures that it happens securely, quickly, and without the need for trust in a third party. The Synergy Between Picasso and MantisThe integration of Mantis with Picasso’s infrastructure is a significant milestone that underscores the power of Picasso’s IBC Everywhere framework. As Mantis rolls out its innovative cross-chain intent execution, Picasso stands as the backbone that makes this possible, showcasing the true potential of interconnected ecosystems. Enhanced Cross-Chain Capabilities Mantis leverages Picasso’s IBC Hub to seamlessly connect Ethereum, Solana, Cosmos, and beyond. As users engage with Mantis to execute their intents, Picasso ensures that these transactions flow securely and efficiently across the connected ecosystems. Together we are creating a new, harmonious web of cross-chain interactions that includes users, searchers, solvers, and assets from multiple ecosystems, all converging through IBC. Driving Volume and Usage As Mantis gains traction, Picasso benefits from the increased volume and activity across its bridges and connections. The IBC infrastructure sees more use as intents are expressed, fulfilled, and settled across chains, powered by the $PICA token and the broader Picasso ecosystem. This integration not only highlights Picasso’s ability to securely connect siloed ecosystems but also demonstrates how it can support complex, user-centric DeFi applications that make cross-chain activity as simple as user expressions. About MantisMantis is transforming how users interact with the crypto space, offering a streamlined, intent-driven experience that spans multiple blockchain ecosystems. By integrating with Picasso, Mantis makes it easier than ever to perform complex cross-chain transactions while earning native yield. Users can already get involved in Mantis in several ways:
ConclusionOur journey over the past few years, at Picasso, has led to novel advancements in interoperability and security. We aim to empower not only users, but protocols like Mantis to offer natively interoperable solutions that abstract away the complexities of cross-chain DeFi. By leveraging Picasso’s infrastructure, Mantis provides users with secure, efficient, and sophisticated cross-chain transaction capabilities while driving usage back to Picasso, highlighting the power and potential of IBC everywhere. submitted by /u/ansi09 |
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