CoinYQ Dossier

Mantis staking code closed; reviewed sources contain no official project shutdown notice

Mantis began by asking for a destination instead of a route: solvers competed while escrow and messaging handled the path. DISE later added a conversational interface. The deployed staking code accounts were closed in April 2025, and the public app, docs and forum did not resolve by September 2026, while the Solana mint remained. No official shutdown notice was located, so the evidence proves inaccessible public services and closed staking code—not a formally announced end to the project.

MANTIS began as a chain, not a chat box

On 2024-05-28 Composable Foundation introduced MANTIS as Multi-chain Agnostic Normalized Trust-minimized Intent Settlement. The ambition was a Solana rollup whose coordination would be secured through Picasso restaking and whose reach would come from IBC.

The proposal tried to make the destination matter more than the route. Users would express a result; infrastructure would assemble liquidity and settlement across chains. That broad rollup thesis is the starting point, even though the later product took a smaller shape.

V1 traded the rollup thesis for a visible operator

The later V1 specification centered on escrows in Ethereum and Solana. An initially off-chain auctioneer received orders, ranked bids and alone wrote the winning solver and output amount. The docs admitted it could censor orders or solutions.

The public example required a SOLVER_ID and registered addresses, then routed through Jupiter or ParaSwap. Mantis reduced the user’s clicks, but the auctioneer, solver list, routers and cross-chain messages became the people and machines behind the shortcut.

The AI layer arrived after the execution layer

On 2024-12-16 co-founder Omar Zaki announced Arthur Hayes as adviser. Mantis described its present product as solver-based intent trading and AI agents as the next stage.

Allora’s 2025-05-12 announcement later put predictive feeds inside DISE. That supports a real integration, while custody, conditional orders, perpetuals, Base, vaults and open sourcing remained written in future tense.

The token divided one hundred million ways

Official docs allocated 100 million genesis M: 16.2% to the launch, about 16.0% to ecosystem and community, 16.8% to Foundation treasury, 15.5% to seed backers, 10.4% to Series A and 25% to the team.

ABAG dated the TGE to 2025-02-11 and disclosed 4.3 million M earned through financing, incubation and advice. Just over 140,000 unlocked immediately; most vested for 30 months. One corporate disclosure made the difference between supply and liquidity tangible.

Staking lived for two months, then its code account closed

The launch claim tied half of an airdrop to a three-month vest if the first half was staked. A public repository documented deployed staking and vesting programs, so this utility moved beyond a white-paper promise.

On 2025-04-25, authorized upgrade-loader instructions closed both ProgramData accounts and returned rent to the same authority. Program shells remain, but their executable code is gone. Present-tense claims about that documented staking path are therefore stale.

An on-chain mint does not prove a live product

On 2026-09-05 Solana still reported 99,997,279.098581709 M. Mint and freeze authorities were null. That fixed two token-level controls, while governance lacked a named Mantis Realms deployment and solver or agent bonds remained proposed.

The same day, checked Mantis app, docs and forum domains did not resolve. No formal shutdown notice was found. The evidence supports a surviving token and historical code, but not a live product or a holder claim on company revenue, treasury assets, redemption or continued service.

How the project changed

  1. 2024-05-28
    A restaked Solana rollup is proposed

    MANTIS begins as an IBC-connected settlement layer, broader than the later trading app.

  2. 2024-12-16
    The solver product comes first

    Hayes joins as adviser while AI agents are still presented as the next stage.

  3. 2025-02-11
    M reaches its token generation event

    One hundred million genesis tokens split across users, treasury, investors and team clocks.

  4. 2025-04-25
    Both staking code accounts close

    Authorized loader transactions remove the delivered utility’s executable ProgramData.

Evidence and primary sources

Last evidence review: 2026-09-05

What is Mantis?

Mantis began in May 2024 as a proposed restaked Solana rollup for cross-chain intent settlement. Its delivered V1 documentation was narrower: Ethereum and Solana escrows sent orders to an initially off-chain auctioneer, registered solvers competed, and the winner settled. DISE later added natural-language commands and Allora price predictions.

M is the nine-decimal Solana token at Mant1sZcb8x2YMZe7RdqSfStCj4YxjmQByNKyHpLJK9. Its published allocation totaled 100 million at genesis. Staking was genuinely deployed, then its on-chain program code was deliberately closed on 2025-04-25. The mint survived with about 99.9973 million M and no mint or freeze authority.

What problem does Mantis solve?

Cross-chain trading makes the user choose bridges, routers, gas assets and deadlines before knowing the final output. Mantis tried to reverse the burden: state the desired result, then make solvers compete over the route.

That convenience concentrated new dependencies. An auctioneer registered solvers and chose winners; routers supplied prices; escrows and messages coordinated two chains. Adding an AI prompt shortened the command, but it did not remove those operators or make a forecast correct.

How does Mantis work?

The V0 reference listened for on-chain intents, broadcast them to approved solver addresses and selected a bid. A winning solver paid the user on the destination chain; escrow and a cross-chain message released the input. Jupiter served Solana routing and ParaSwap served Ethereum in the example.

The later DISE interface accepted commands such as buying, swapping or rebalancing, while Allora supplied predictive feeds. Those layers could help form an intent. Execution still depended on available solvers, router quotes, escrow code, messaging and a reachable application.

Key facts

  • Solana mint: Mant1sZcb8x2YMZe7RdqSfStCj4YxjmQByNKyHpLJK9.
  • Symbol M; nine decimals; standard SPL Token program.
  • 2026-09-05 supply: 99,997,279.098581709 M; mint and freeze authorities null.
  • Genesis supply was documented as 100 million M.
  • Allocation: launch 16.2%, ecosystem/community ~16.0%, Foundation 16.8%, seed 15.5%, Series A 10.4%, team 25%.
  • MANTIS originally expanded to Multi-chain Agnostic Normalized Trust-minimized Intent Settlement.
  • The 2024 proposal described a Solana rollup secured through Picasso restaking and connected by IBC.
  • V1 instead documented an initially off-chain auctioneer, Ethereum/Solana escrow and registered solvers.
  • The auctioneer could censor intents or solutions and alone updated the winning output.
  • Omar Zaki was identified as co-founder; Arthur Hayes joined as adviser 2024-12-16.
  • TGE completed 2025-02-11; ABAG received 4.3 million M, mostly vesting over 30 months.
  • Launch claims released 50% immediately and vested 50% over three months when staked.
  • Allora announced predictive feeds inside DISE on 2025-05-12.
  • Staking and vesting ProgramData were both closed on 2025-04-25.
  • Solver slashing and M bonds were proposed or off-chain, not shown in the public implementation.
  • Official app, docs and forum domains did not resolve on 2026-09-05.

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Frequently asked questions

What did Mantis originally propose?

A Picasso-restaked Solana rollup for cross-chain intent coordination and settlement through IBC; V1 later centered on escrow and an off-chain auctioneer.

Was DISE the settlement network?

No. DISE interpreted commands and forecasts; solvers, routers, escrows, the auctioneer and messages handled execution.

Can more M be minted or frozen?

The current mint and freeze authorities are null, so those standard SPL controls are unavailable.

How were 100 million M allocated?

Launch 16.2%, ecosystem/community about 16.0%, Foundation 16.8%, seed 15.5%, Series A 10.4% and team 25%.

Was staking implemented?

Yes, then the documented staking and vesting code accounts were explicitly closed on 2025-04-25.

Do M bonds slash bad solvers?

The docs proposed them; slashing was described as off-chain and the public code did not show an M-bond mechanism.

Does M govern a live DAO?

Docs mentioned a forum and Realms but published no project-specific Realms address or verifiable proposal history.

What legal rights does M grant?

Reviewed documents do not grant equity, revenue, treasury ownership, redemption, solver claims or guaranteed service.

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