MANTRADAO Partnership Marathon

Introducing DeFi to the worldwide community and striving to bridge wealth disparity throughout the globe has been one of MANTRA DAO's primary motivations and goals since its beginnings. MANTRA DAO is a decentralized finance platform for lending, staking, and governance that is community-governed. MANTRADAO has started partnership Marathon where MANTRA DAO has partnered with several other crypto projects . It provides Yield farming such as lending, staking and liquidation platform. MANTRA DAO has most efficient application for carrying out these activities.

In this part of the MANTRA DAO blog, I am presenting various partnership projects carried out by Mantra DAO.
This is the part 1 of the MANTRADAO Partnership blog. Lets start!!!

What Is Yield Farming in Decentralized Finance (DeFi)?

Yield farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts. In return for your service, you earn fees in the form of crypto.

As we discussed above, yield farming is the practice of staking crypto assets to receive rewards. While one could argue that the concept of yielding returns on investment is nothing new, yield farming has its roots in the decentralized finance world. The key idea behind this investment strategy is that individuals are receiving returns in exchange for their contribution to various DeFi applications.

MANTRA DAO Partnership with Terra [LUNA]

Terra is successfully bringing DeFi to the masses with payments, savings, and much more. The Chai payments app has exploded in growth with over 2 million users, an annual run rate of over $1 billion, and widespread integration with merchants that range from Korea’s top e-commerce stores, #1 online travel agency, #1 bookstore, #1 game publisher, #1 convenience store, and many more.

MANTRA DAO Partnership with Cosmos

MANTRA DAO partnership with Cosmos is seen as one of the success story in the beginning of its partnership marathon. OM rewards will not be earned by delegating your ATOM to the MANTRA DAO validator. However, remember that each and every OM token holder is a direct beneficiary of the assets held by the DAO. As the assets in the DAO accumulate, more returns are earned. Those returns will go directly into rewards on our other products like MANTRA Pool.

MANTRA DAO Partnered with Polkadot

PolkaDeFi is the Future of DeFi and we will discuss in brief here. MANTRA DAO wish to fully use Polkadot's potential. RioChain, which aspires to be a parachain of Polkadot's protocol, will be used to build the project. The OM token, which provides users voting rights, lies at the heart of the network. Users can change the network characteristics inside the platform, among other things.

Nominate DOT and KSM to Receive Increased OM Rewards.
We have been developing our platform and products with the objective of supporting the Polkadot, Kusama, and Substrate ecosystems by bridging DeFi services across multiple blockchains and services since the inception of MANTRA DAO. We are excited to announce the debut of our improved OM rewards program via DOT and KSM nominations. Polkadot and Kusama stakers and community members may now receive additional OM awards just by designating MANTRA DAO validator nodes!

MANTRA DAO Partnered with Fuse

Introducing DeFi to the global community and fighting to bridge wealth disparity throughout the world has been one of MANTRA DAO's primary drives and goals since its start. This is no simple task, and we realize it will require a team effort to achieve the necessary worldwide adoption. As a result, MANTRA DAO is thrilled to be collaborating with Fuse to help expand the worldwide DeFi ecosystem. Fuse, which shares MANTRA DAO's aim of creating user-intuitive UIs, makes it simple for anybody to establish and run their own digital payment networks using simple and easy-to-use tools.

Stay tuned: More Partnership Projects will be revealed in the next blog.

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