MANTRA DAO (OM) is a decentralized financial platform. It focuses mainly on staking, lending and governance. This project is based on Rio Chain (a blockchain created using the Parity Substrate framework). It has a high level of security, scalability and can be easily connected to the Polkadot ecosystem. With its help, users are able to access a variety of useful financial instruments.
The developers of the MANTRA DAO platform consider as their main goal the return of financial control to people, the accumulation and augmentation of their own wealth. This project offers multiple asset allocation, lending, and borrowing for both its own and other platforms.
OM is MANTRA DAO's utility token that was originally based on the Ethereum blockchain. With the OM token, users can receive passive income through staking. The betting platform provided by MANTRA DAO is built with investors’ interests, which allows them to receive attractive rewards and expand the possibilities of the network. Currently, investors staking OM tokens on Mantra DAO can receive an estimated annual return of 88.88%. At the same time, users keep control over tokens, and they can always withdraw their bet. The system is managed by users. With the help of OM tokens, MANTRA DAO members are able to make changes to the protocol through systematic voting. Each OM token allows one vote within the ecosystem. OM holders are allowed to propose ecosystem grants, interest rate, OM inflation rate, the addition of rate assets or loan products.
The MANTRA DAO platform was launched in 2020. The team of financiers and crypto experts that made this project a reality has extensive experience in the financial and business spheres. Together, they have been working for a long time to overcome the constraints of traditional blockchain. The team is expanding rapidly in several different areas, including engineering and operations.
The founding board of MANTRA DAO consists of 4 members. John Patrick Mullin is a financial technology entrepreneur, tokenization expert, and educator. Will Corkin is a blockchain and financial technology entrepreneur in cryptocurrency and tokenized securities markets. Rodrigo Quan Miranda is a former Hong Kong investment banker who became an entrepreneur in new technologies. James Anderson is the RioDeFi CEO who is also a serial entrepreneur whose participation in the blockchain area dates back to early 2013.
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