MANTRA DAO
Basics
"MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance.
MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together."
History
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Substrate
- Programming language used:
Transaction Details
How it works
Mining
Staking
- Partnered with Band Protocol (9-9-2020): "This Band Protocol validator partnership means that BAND holders will be able to delegate and stake their BAND tokens on the MANTRA DAO Platform."
- From their blog (11-9-2020):
"We are excited to become a validator for the LUNA token, the staking token that powers Terra’s Delegated Proof-of-Stake blockchain. This integration will allow Terrans and Sherpas to delegate their LUNA to the MANTRA DAO nodes to receive both LUNA and OM staking rewards, thereby bringing OM liquidity mining to the Terra ecosystem."
Liquidity Mining
Layer Two
“Matic architecture is [designed to enable a] … secure and efficient link between the Ethereum blockchain and Matic sidechains. That’s where MANTRA DAO’s … secure staking infrastructure steps in. The security of that Layer 1-Layer 2 link is managed by validators. Transactions are made on the sidechains and are recorded into blocks minted by selected validators. When a sufficient number of blocks is reached, these are checked by a selected validator that will record the trace and send it to the Ethereum blockchain.”
Different Implementations
Interoperability
Other Details
Privacy Method being used
Compliance
Oracle Method being used
- From their blog (9-9-2020):
"We are currently exploring the integration of Band Protocol oracles in our various DeFi protocols including lending, borrowing, games, and a KARMA reputation system."
Their Other Projects
DEX
Governance
DAO
Self Funding Mechanism
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs
Usage
Projects that use or built on it
Competition
Coin Distribution
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
Partners
- Partnered with Band Protocol (9-9-2020): "This Band Protocol validator partnership means that BAND holders will be able to delegate and stake their BAND tokens on the MANTRA DAO Platform."
- Partners with Terra (11-9-2020).
- Has partnered with Kava and Kira Network (4-10-2020).
