MANTRA DAO

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 Basics

  • Founded in:
  • Mainnet release:
  • Based in:
  • From their blog (9-9-2020):

"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

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