What is MANTRA?
MANTRA (OM) is a community-governed DeFi platform that focuses on staking, lending, and cross-chain DeFi products. With a commitment to transparency and decentralisation, MANTRA empowers users to take control of their financial future.
Key Features of MANTRA
DeFi Product Suite
MANTRA has developed an innovative suite of DeFi products which includes the following:
- Multi-Asset Staking Platform: Users can stake various assets to earn rewards.
- Money Markets Lending Protocol: This protocol allows for efficient lending and borrowing of assets.
- Gamified Lottery Pool: Participants can engage in a lottery system to win rewards.
- Stablecoin Minting Protocol: Enables users to create stablecoins, providing a reliable store of value.
Cross-Chain Integration
The current platform is built on Ethereum, but the team plans to expand to include integration with Binance Smart Chain, Polygon, and Polkadot. This cross-chain capability enhances the user experience by allowing more flexibility with asset management.
OM Token Utility
The OM token plays a versatile role within the MANTRA ecosystem. Users can earn OM tokens by staking Polkadot (DOT) and Kusama (KSM). The token is also essential for governance, lending through ZENTEREST, and accessing the MANTRA POOL lottery rewards. This multi-faceted utility promotes active community participation and decision-making.
Community Governance
MANTRA is dedicated to creating a community-governed and decentralised ecosystem for Web 3.0. The team aims to empower users by providing tools for financial control, enabling them to store and grow their wealth collaboratively.
Background and Vision
As the DeFi landscape continues to evolve, MANTRA positions itself as a transparent platform built for the community. By focusing on user-driven governance and equitable access to financial instruments, MANTRA seeks to redefine the relationship individuals have with their finances.
Additional Resources
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