DEFI'S project MANTRADAO
MantraDAO is a DEFI project that leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem, this implies that is focused on helping members of the blockchain community earn passively without any third party intervention. It does this through core DeFi features like: staking, lending and governance.
MantraDAO's staking platform allows its users to lock or hodl it’s native token known as $OM
token in order to support it’s security and operations in the blockchain network and at the same time help users earn passively.
The lending platform implies that the community hodlers of Mantra DAO's native token, $OM, token can take loans funds. MANTRADAO just launched the beta version of the ZENTEREST lending Protocol as one of the numerous milestone on the Q4 roadmap. ZENTEREST will launch with a handful of both small and large-cap Ethereum based assets. The $OM token can be given as a reward for contributing positively to the platform and for other services. It can also be bought on the crypto market.
In terms of governance, MantraDAO allows members in the community who meets their laid down standards to be part of their great team involved in making governance decisions for the blockchain as investors and developers depending on the amount of native token, $OM owned by the member. To enjoy these incentives of full governance, one must hodl a reasonable amount $OM token.
MANTRA DAO is an integrated and decentralized financial services ecosystem based on intertextual technology and managed by users. The management mechanism is known as the digital symbol OM, which allows owners to participate in decisions that affect system parameters.
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The OM token is distributed as a reward for contributing to the operating system and offers the possibility of receiving various financial incentives. In addition to the OM code, Mantra also supports the DAO Karma Protocol, a popular mechanism for evaluating the behavior of system participants and for monitoring OM owner performance metrics.
Lots of viable projects have evolved over the years with the sole aim of procuring visible solutions to underlying problems on the blockchain. Some of the most sought after technologies in the Cryptoverse include Interoperability and Distributed ledger technologies which ensures faster transactions, encompassing and crystal clear financial services that bring zero doubts in the minds of users and lovers of crypto while ensuring safety and anonymity.
There is a new protocol that brings a viable solution by incorporating interoperability and flexible design between networks is called Polkadot. Polkadot Protocol provides a neutral ground where multiple blockchains can carry out thousands of transactions seamlessly with the speed of light thereby making data transfer rapid and easy. It ensures long-awaited improvements in blockchain such as scalability around the crypto ecosystem.
MANTRADAO is interoperable with Polkadot network and is a DeFi application running on Rio Chain that assures a friendly environment for digital financial services to take place. MANTRADAO is community and user friendly and is backed by a digital token called OM.
Being a community ruled project, OM holders are gifted the opportunity to make visible changes and decisions regarding the system. Also incorporated in MANTRADAO is the Karma Protocol that has the ability to checkmate and keep track of true holders of the OM token