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🔎 | Introduction
Overview of Esper Finance
Esper Finance is an ecosystem-focused, community-driven DEX built upon the robust, highly scalable Mantle Network. We aim to enable both builders and users on Mantle ecosystem to leverage our protocol infrastructure for a deep, adaptable, and sustainable liquidity.
Mantle Network is a technology stack for scaling Ethereum (Layer 2). It allows users to experiment with exciting web3 apps while we, as developers, can deploy smart contracts in an efficient, low-fee environment.
At its core, Mantle Network has been built with a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. This allows Mantle Network to inherit security from Ethereum and offer cheaper and more accessible data availability.
- Secured by Ethereum: L2 state transitions are verified by Ethereum validators, going through the same consensus and settlement process as L1 transactions.
- Lower gas fees: Users enjoy over 80% reduction in gas fees, which are achieved through data compression and modular data availability.
- Reduced latency and improved throughput: Users can customize transaction confirmation requirements, with the lowest security setting providing near real-time confirmation latencies (~10 milliseconds versus Ethereum's ~12 seconds). Additionally, Mantle Network achieves a transaction throughput some 20 times greater than Ethereum (500 TPS versus Ethereum's ~25 TPS)