Manta Network: wUSDM > USDC withdrawals are being processed, first batch of conversions expected to be completed by April 1

Manta Network announced on X platform that wUSDM > USDC withdrawals are being processed and the funds are secure.
It stated that wUSDM withdrawals are bridged to the ETH mainnet through their native bridge as an optimistic rollup. Manta Pacific has a 3-day challenge period during which the withdrawn funds are locked to detect any fraudulent activity, as a security measure inherent in all optimistic rollups.
After 3 days, Mountain Protocol will receive the funds and process the request. The official estimate is that the first batch of wUSDM > USDC conversions will arrive at the L1 withdrawal address before April 1, 2024.

Manta Network

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