Bifrost Voucher MANTA
VMANTA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VMANTA (Bifrost Voucher MANTA) functions as a liquid staking derivative for staked MANTA issued through Bifrost's SLP protocol. While the underlying project maintains active development and documentation (scoring 7.0/10) with an ongoing vMANTA 2.0 migration, the token displays severe structural and market weaknesses across nearly all other dimensions. Community support is negligible (2.0/10) with minimal on-chain holders and virtually zero trading activity. Market adoption is near-dead (2.5/10), reflecting micro-cap status ($314K–$454K) and 24-hour volumes ranging between $0.00 and $66.84. Team and governance (5.0/10) operate via a centralized, unnamed 5-member council. On August 8, 2026, Bifrost suffered an exploit on its farming system keeper vaults affecting the vMANTA/MANTA pool (~$720K total loss across three pools), prompting an incident-driven security audit and ongoing remediation (Security score 3.5/10). With a calculated weighted average score of 4.35, the asset reflects extreme liquidity and operational risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bifrost Voucher MANTA (VMANTA)
Bifrost Voucher MANTA (vMANTA) is a liquid staking receipt token issued by Bifrost's Staking Liquidity Protocol (SLP) for staked MANTA. Operating as an ERC-20 token on Ethereum and Manta Pacific, vMANTA provides users with liquidity while their underlying MANTA is staked. MANTA deposited into the protocol is bridged to Ethereum mainnet and staked through Symbiotic, with staking yields accruing directly to the vMANTA exchange rate over time rather than adjusting token balances.
Governance of the underlying protocol is managed on-chain by a five-member Council and a five-member Technical Committee responsible for selecting verifiers, though member identities remain undisclosed in official sources. vMANTA exhibits a micro-cap valuation and very low on-chain adoption, characterized by a small holder base and near-zero daily trading volume across secondary markets.
On August 8, 2026, the Bifrost protocol experienced a security exploit targeting an abnormal reward and gauge amplification vulnerability within its farming system keeper vaults. The incident drained approximately 881,150 DOT (valued at roughly $720,000 at the time) across three shared farming pools, specifically including the vMANTA/MANTA pool along with vDOT and vASTR/ASTR pools. Bifrost paused the affected vaults, initiated law-enforcement and tracking actions, and commissioned a comprehensive security review. Additionally, Bifrost reported a separate infrastructure security event involving Hyperbridge that affected mirrored assets on Base, though underlying vToken reserves remained unaffected.