Crypto:
30789
Bitcoin:
$67.397
% 3.91
BTC Dominance:
%55.3
% 0.89
Market Cap:
$2.32 T
% 3.06
Fear & Greed:
68 / 100
Bitcoin:
$ 67.397
BTC Dominance:
% 55.3
Market Cap:
$2.32 T

Project Review: What is MANTRA (OM)?

Mantra

MANTRA is a blockchain ecosystem that integrates vertically. In the MANTRA OMniverse, you’ll find the DAO, MANTRA Nodes, a blockchain infrastructure-as-a-service company, MANTRA Chain, a protocol for different assets in the Cosmos ecosystem, and MANTRA Finance, a DeFi platform that gives the world of TradFi the speed and clarity of DeFi.

Introduction

The MANTRA blockchain ecosystem (launhced in 2020) is vertically integrated. The ecosystem, which was once known as MANTRA DAO, is notable for its transparent approach to cryptocurrency trading, fund-building, and innovation. Its mission is to make crypto-pioneering personal, safe, and secure.

What is OMniverse?

As part of its rebranding, MANTRA reorganized into the OMniverse, an umbrella term for the whole MANTRA ecosystem. A total of four stacks make up the MANTRA OMniverse, which includes all of the many offerings to individual and institutional investors. Every one of the four stacks—MANTRA Nodes, MANTRA Chain, MANTRA Finance, and MANTRA DAO—includes a unique set of cutting-edge MANTRA ecosystem goods.

MANTRA NODES

The OMniverse’s vertically integrated stack rests on MANTRA Nodes, its cornerstone. Increasing the number of options for the Sherpa community to earn yield across several blockchains is the principal goal of the node operations, which also serve to fund the company. In addition, these validator nodes help MANTRA expand its ecosystem into new institutional spaces by establishing a presence on other blockchain networks. It also creates chances to grow MANTRA’s DeFi ecosystem, which supports many chains.

Institutions and individuals alike can take advantage of MANTRA’s Validator Node Operations setup thanks to its Infrastructure as a Service (IaaS) offering. Node administration, on-chain and off-chain retail staking, institutional nodes, and cloud/white-label node creation and deployment are all part of the MANTRA Nodes service line.

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MANTRA Chain

The Cosmos ecosystem uses MANTRA Chain as its protocol. With the help of the IBC module, it can communicate with other blockchains in Cosmos, giving programmers the resources they need to create web3 apps, games, and even safe decentralized exchanges (DEXs). This builder-friendly network is compatible with the Ethereum Virtual Machine (EVM) and brings together the robustness and adaptability of the Ethereum and Cosmos ecosystems.

In addition, for all Know Your Customer and Anti-Money Laundering requirements, MANTRA Chain employs a robust decentralized identify (DID) protocol. This module makes it easier to build goods with improved ecosystems and features.

MANTRA Finance and Roadmap

For both large institutions and private savers, Mantra Finance offers a wide range of financial services through its multi-asset platform. To do this, they collaborate with authorities worldwide to design financial products that meet the requirements of many jurisdictions’ legislation, thus bridging the gap between centralized and decentralized finance.

There are two big issues that Mantra Finance fixes. The first is making sure that government policies are in line with investment opportunities so that institutional investors have a secure environment in which to put their money. Secondly, Mantra can reduce fraudulent activity by bad actors and gain customers’ trust with its decentralized identification system.

Both single-asset and multi-asset vaults are two of Mantra’s primary financial offerings.

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MANTRA Finance’s goal is to offer a full-featured DeFi platform that meets the needs of all kinds of investors. This platform will let users do things like actively trade and passively invest in certain asset classes, and it will also let them make money. Users must be able to successfully complete the KYC onboarding process and reside in jurisdictions where using the platform does not expose them to any regulatory risks. This will help protect users and counterparties and minimize risk for all participants in the ecosystem.

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MANTRA DAO

The transparent governance process has been at the heart of MANTRA’s mission to involve the community from the beginning, and the organization has continued to place an emphasis on community involvement at all stages. With the hope of expanding its user base beyond the OMniverse and Sherpas, M DAO is working to standardize its story and protocol framework for use by other projects.

The stack provides DAO services that enhance the productivity of many DAO business operations, such as HR management and finance, in a safe way. Treasury administration, DAO issuance and launchpads, DAO governance and grants, DAO staking, and DeFi are just a few examples of DAO solutions.

The first decentralized exchange and DAO (DEX/DAO) on the Hedera network was HeliSwap, while the first substrate-based money market on the Astar network on Polkadot was ZENSTAR.

The OM Token

Among OMniverse’s many uses for its native token, OM, are:

  • Participation in governance votes, the issuance of recommendations, and the suggestion of product enhancements are all within the purview of OM stakeholders.
  • For passive yield income, you can stake OM on Binance or directly in the MANTRA web app.
  • As an incentive, OM stakeholders will get first dibs on any future DAO token issuances and will also be the first to know about any DAO token airdrops that MANTRA’s partners host.

 

MANTRA’s Team and Background

Members of the MANTRA Finance development and management team bring a wide range of expertise to the table, including several years of experience in banking, trading, digital assets, and cryptocurrency. In order to provide the platform’s users with creative and effective solutions, the team is combining their knowledge of traditional finance (TradFi) and decentralized finance (DeFi) to create a holistic solution.

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With a diverse range of expertise and deep understanding of various financial products and services, team at MANTRA Finance is prepared to build a platform that meets all regulatory requirements, is easy to use, and allows users to safely and efficiently access DeFi’s benefits.

Conclusion

As a decentralized autonomous organization (DAO) and now establishing its chain, Mantra has come a long way in the past two years. The integration of traditional banking and decentralized finance (DeFi) is a very adventurous endeavor that Mantra has undertaken because of its ambitious nature.

Furthermore, Mantra has a strong history of bringing its community along with them during each and every step that they take. Consequently, this helps to cultivate trust and transparency, both of which are essential components of the accomplishment of any project.

Also, it is essential to keep in mind that the cryptocurrency sector is not devoid of dangers, despite the fact that MANTRA’s primary objective is to provide its customers with a safe, secure, and individualized financial environment. Understanding the services that are offered within the OMniverse will be easier for you to comprehend if you become familiar with the infrastructure of MANTRA.

 

References:

https://www.mantra.finance/

https://www.mantrachain.io/

https://docs.mantra.finance/

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