KEYTAKEAWAYS
- Finance and DeFi Bridge: MANTRA (OM) connects traditional finance with DeFi via real-world asset tokenization.
- Passive Income and Governance: OM token holders earn rewards and participate in ecosystem governance.
- Cross-Chain Capabilities: The platform supports borrowing and lending across multiple blockchains.
CONTENT
MANTRA (OM), a blockchain ecosystem bridging traditional finance and DeFi with real-world asset tokenization, offering passive income, governance rights, and cross-chain lending.
WHAT IS MANTRA?
MANTRA (OM), formerly known as MANTRA DAO, was launched in October 2020 with the goal of creating a vertically integrated blockchain ecosystem. By enabling the compliant tokenization of real-world assets (RWA), MANTRA aims to seamlessly connect traditional finance (TradFi) with decentralized finance (DeFi).
Recognizing the potential of the Cosmos ecosystem and addressing the current gaps in the RWA landscape, MANTRA has emerged as a pioneer in making RWA more accessible to Web3 users.
The platform integrates multiple blockchain technologies to create a versatile and inclusive ecosystem. Upholding principles of transparency, community control, and financial inclusion, MANTRA offers a range of DeFi services, including staking, lending, and governance.
By consolidating these functions into one ecosystem, MANTRA (OM) not only simplifies the user experience but also enhances the potential for collaborative growth within the DeFi space. Its commitment to innovation and community-driven development makes it a significant player in the ever-evolving world of decentralized finance.
- MANTRA Development Team
The founding team of MANTRA DAO consists of three individuals with extensive experience in their respective fields:
- John Patrick Mullin, the CEO and co-founder, is a seasoned blockchain technology advisor with a strong background in both traditional finance and blockchain. He has collaborated with renowned organizations such as SOMA.Finance, HeliSwap, and Club DAO.
- Will Corkin, the CTO and co-founder of MANTRA DAO, is also a co-founder of the Polkadot startup CLUB DAO, which focuses on developing blockchain solutions for large-scale institutional adoption. Prior to this, he worked at Ambassador, a blockchain network aimed at building the Web 3.0 internet.
- Rodrigo Quan Miranda, the COO and co-founder of MANTRA DAO (OM), previously served as the Chief Technology Officer at BlockSmith, a provider of infrastructure-as-a-service for proof-of-stake blockchain ecosystems. He has also been involved with other startups like Club DAO and SOMA.finance.
Together, this experienced team drives MANTRA’s mission to innovate and lead in the decentralized finance space.
>>> More to read : Ondo: The Leading Protocol in the RWA Sector
WHAT IS OM?
OM is MANTRA’s utility token, initially based on the Ethereum blockchain but now also available on BSC and Polygon, with more token developments underway.
With OM tokens, users can earn passive income through staking and supplying on the currency market protocol. MANTRA’s platform is designed to cater to investors’ interests, enabling them to receive attractive rewards and expand network possibilities. Currently, staking OM tokens on MANTRA is expected to yield an annual return of 35% (specific details available on the official website). Users maintain control over their tokens and can withdraw their stakes at any time. The system is managed by its users.
OM tokens also empower MANTRA DAO members to vote on protocol changes. Each OM token grants one vote within the ecosystem. OM holders can propose ecosystem grants, interest rates, OM inflation rates, and the addition of new interest-bearing assets or loan products.
In addition, MANTRA DAO users benefit from a range of other advantages, such as technical support and development resources, community collaboration tools, marketing perks, and access to exclusive events.
Finally, OM is linked to MANTRA’s unique Karma protocol, a reputation system that rewards positive contributions to the ecosystem. Users with higher Karma scores enjoy increased staking rewards, reduced fees, and better loan rates.
OM Token Economics
The total supply of MANTRA tokens is 888,888,888 OM, with the token distribution as follows:
- Public Distribution: 8.5%
- Private Issuance: 9%
- Team and Advisors: 17.5%
- Treasury and Ecosystem: 35%
After the launch of the mainnet, the genesis supply of $OM tokens will not be subject to variable inflation. This measure is designed to ensure a robust proof-of-stake network that continuously incentivizes validators to secure the MANTRA Chain.
MANTRA (OM) PROS AND CONS
- Pros
- Passive Income : OM token holders can earn rewards by staking and providing liquidity using MANTRA DAO’s currency market protocol. Some sources mention returns as high as 35%.
- Governance : OM holders have voting rights within the MANTRA DAO ecosystem, allowing them to influence protocol development.
- Cross-Chain Lending : The protocol enables users to borrow and lend crypto assets across different blockchains.
- Cons
- Competition: The DeFi space is crowded, and MANTRA DAO faces competition from established protocols.
- Dependence on MANTRA DAO : The value of OM tokens is closely tied to the success of the MANTRA DAO platform. If the platform does not succeed, the value of OM could decline.
Considering these pros and cons, investors need to make decisions based on their own risk tolerance and investment goals.
>>> More to read : What is Altcoin & Altcoin Season?
FAQ
- What is $OM ?
OM is MANTRA’s utility token, allowing users to earn passive income by staking and supplying on the currency market protocol.
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