Aug 6, 2021
MantraDao: what about them?
MantraDao has been around over the years, building and maintaining consistency in their growth.Yet they have been underrated by many despite these feats they have achieved . Today I will be talking about this amazing project and breaking down their features.
First, what is MantraDao?
MANTRA DAO is a community-governed Defi platform focusing on Staking, Lending, and Governance.
How did they do it?
They leverage the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. It is built on Parity Substrate for the Polkadot ecosystem.
Basic Features of MantraDao
Governance: This is one amazing and exciting feature of the project. Users will have ownership over the MantraDao ecosystem and also have the right to participate in the project’s decision by voting and other governance options by holding their token $OM, their governance token.
Staking: Users can stake their Proof Of Stake(POS) and Delegated Proof of Stake (DPOS) assets and earn rewards in $OM tokens.
Borrowing and Lending:In need to get loans ?Users can come in to borrow or lend on thr platform.For lenders, they can offer cross-chain, multi-asset loans in order to earn interest on their crypto assets.
To borrow , a user has to deposit any number has to deposit any number of their crypto asset as collateral and they can get instant access to low-interest and stablecoin loans.
Karma: like the name suggests, Karma is a mechanism used to reward users for their positive contributions towards the MantraDAO ecosystem. Be it an engagement, creating a local community, spreading the word or helping grow the community, Karma will reward users based on ecosystem incentives.
Mantra Pool: Users can try their luck in the perpetual savings games that frequently give members the chance to win crypto.
More about MantraDao
Their progress…
MantraDao has grown in reputation due to their consistency and have a lot of products from zerion launchpad to the new dashboard with its impeccable UI design. Listed on Binance, one of the top and trusted exchange platform, it is now more accessible than ever for long term investors to stack their bags and for short term traders to buy and sell.
Stay tuned as I will continue to give updates and in-depth analysis on MantraDao and their latest news and products.
Thank you.
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