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MANTRA
About MANTRA
MANTRA (OM) is an ERC-20 token and the native token for the MANTRA DAO platform, a decentralized autonomous organization focusing on staking, lending, and governance. It provides a community-governed platform for users to engage in decentralized finance (DeFi) operations and participate in governance. The OM token is used for staking to earn rewards, participating in governance proposals, lending and borrowing mechanisms, and various ecosystem incentives such as rewarding users for participation and collaboration.
MANTRA (OM) is a vertically integrated blockchain ecosystem offering decentralised finance (DeFi) services such as staking, lending, and governance. Originally launched as MANTRA DAO in 2020, the project later rebranded to MANTRA to reflect its broader focus on Web3 services and real-world asset tokenisation. The MANTRA ecosystem, often referred to as the "OMniverse," operates using the Cosmos SDK, providing scalable infrastructure for DeFi and other blockchain-based applications.
The platform's key features include decentralised identity (DID) verification via Soulbound NFTs, facilitating Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. Additionally, MANTRA supports the tokenisation of real-world assets (RWAs), allowing users to gain fractional ownership of assets like real estate, art, and commodities.
- Staking: OM holders can stake their tokens through MANTRA’s web platform or via exchanges like Binance, earning rewards for doing so.
- Governance: OM holders can participate in decision-making processes related to protocol updates, community proposals, and other key governance matters.
- Platform Access: Holding OM grants users access to a range of services within the MANTRA ecosystem, such as fractional ownership of real-world assets and decentralised identity (DID) verification.
These use cases support MANTRA’s vision of a more integrated DeFi and Web3 infrastructure, providing both financial and non-financial utilities for its users.