MANTRA (OM) is a decentralized finance (DeFi) platform focused on staking, lending, governance, and cross-chain interoperability. It was launched in 2020 to create a decentralized ecosystem that combines financial empowerment with blockchain innovation. Built to empower users with financial tools and a community-driven ecosystem, MANTRA leverages blockchain technology to deliver transparency, security, and yield-generation opportunities. Though the first build was done on the Ethereum blockchain, MANTRA has grown into an interoperable blockchain project, currently running on chains like Binance Smart Chain (BSC), Polygon, and Cosmos. Its native token, OM, is the lifeblood of the MANTRA ecosystem, functioning as the governance token, staking asset, and utility token for its wide variety of products.
MANTRA was founded by a team of blockchain experts and DeFi pioneers, including John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda. The team envisioned a decentralized platform where users could access advanced financial tools while actively participating in governance and community decision-making. The project’s mission is to democratize access to DeFi solutions, offering transparency, fair rewards, and cross-chain opportunities.
MANTRA is based on a multi-chain framework that allows flexibility, scalability, and interoperability. MANTRA supports Ethereum-based applications while expanding to Binance Smart Chain (BSC), Polygon, and other EVM-compatible networks. MANTRA has integrated into the Cosmos ecosystem to facilitate greater cross-chain interoperability and scalability, thus allowing for the easy transfer of assets between blockchain networks. MANTRA provides a powerful staking solution for multiple blockchains, which allows users to stake their assets and generate rewards.
Because MANTRA runs on a multi-chain framework, with the speed depending on which chain it uses. Its chain is based on the Cosmos SDK and reaches 10,000 transactions per second (TPS). It also leverages the high-throughput advantage that comes with Polygon’s estimated 65,000 transactions per second (TPS) and BSC’s estimated 160 transactions per second (TPS).
MANTRA can scale efficiently with a smooth user experience for its DeFi ecosystem, ensured by its cross-chain integrations. The MANTRA Chain is optimized for DeFi and real-world asset tokenization, further strengthening the platform’s reliability and utility with its performance.
Users can stake OM and other supported assets to earn passive income with competitive APYs. MANTRA enables users to access liquidity by lending and borrowing assets in a decentralized and transparent manner. OM token holders participate in the governance process, voting on platform upgrades, reward distribution, and future developments. MANTRA’s multi-chain infrastructure ensures compatibility with major blockchains, broadening its reach and utility.
MANTRA’s strategic partnerships drive adoption and scale its impact within the DeFi ecosystem. MANTRA has integrated into Cosmos, allowing seamless cross-chain communication and the transfer of assets, positioning it as a hub for interoperable DeFi solutions. By integrating with scalable blockchains like Polygon and BSC, MANTRA offers the same speed and low cost of transactions, making its staking and lending solutions more widely accessible.
MANTRA teams up with institutional-grade liquidity providers and enterprise blockchain solutions to ensure deep liquidity for its products and professional investors on the platform. MANTRA’s integration with leading DeFi platforms, including 1inch and Balancer, enhances user access to automated yield strategies, liquidity pools, and decentralized exchanges, driving greater utility for OM holders.
Mantra continues to advance its platform through a host of innovative developments. MANTRA Chain, powered by Cosmos SDK, offers a native blockchain fully capable of scalable DeFi applications and RWA tokenization. MANTRA rolled out liquid staking that enables users to stake OM while maintaining liquidity to participate in other DeFi protocols, optimizing capital efficiency.
The platform began to integrate tokenized real-world assets and NFT solutions, tapping into emerging markets to provide new opportunities for users. Further improvements have been made to the MANTRA governance model by empowering OM holders with increased power to vote on proposals, upgrade decisions, and reward distribution. MANTRA introduced large-scale community programs such as liquidity mining, stake rewards, and ecosystem grants, stimulating user engagement and continuous growth.
These initiatives and partnerships point to MANTRA’s commitment toward creating a scalable, community-driven open ecosystem that bridges DeFi into the real world and positions it as a leader in multi-chain DeFi innovation.
MANTRA’s native token, OM, is trading at approximately $3.87 as of the time of writing this on December 16, 2024. Market trends indicate that OM reached its all-time high (ATH) of $1.83 on March 15, 2021, and its all-time low (ATL) of $0.04 on November 14, 2022. Recent performance can be attributed to growing adoption across multiple blockchains, platform updates, and new partnerships. Factors affecting the price movements include the adoption of MANTRA Chain, which has generated interest and utility for OM; cross-chain expansion, as integrations with Cosmos, Polygon, and BSC expand the platform’s user base and capabilities; and competitive APYs and liquid staking, which attract investors seeking passive income opportunities.
MANTRA is a modern DeFi that enables users to experience an intuitive platform for staking, lending, governance, and across different chains. By emphasizing compatibility with many important blockchains and scalability issues, Mantra offers a full-on suite of decentralized finance-related products. With recent reports and the MANTRA Chain complete and liquid staking finished, MANTRA is suitably positioned to lead adoption in innovation in the evolving world of DeFi.
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FAQs
Q1. What is MANTRA (OM) used for?
- A: OM is used for staking, governance, and as a utility token across MANTRA’s DeFi ecosystem, enabling rewards and voting power for holders.
Q2. What is MANTRA Chain?
- A: MANTRA Chain is a blockchain built using the Cosmos SDK, designed to support scalable DeFi applications and real-world asset tokenization.
Q3. How does MANTRA support cross-chain interoperability?
- A: MANTRA integrates with multiple blockchains, such as Cosmos, Ethereum, Polygon, and Binance Smart Chain, enabling seamless asset transfers and DeFi functionality across networks.
Q4. How can users earn rewards on MANTRA?
- A: Users can earn rewards by staking OM, participating in liquidity mining, and utilizing MANTRA’s lending and borrowing services.