MANTRA is a community-governed DeFi platform focused on staking, lending, and cross-chain DeFi products. MANTRA has built a suite of DeFi products including a multi-asset staking platform, a money market lending protocol, a gamified lottery pool, and a stablecoin minting protocol. This suite is currently built on Ethereum but will also develop cross-chain products for Binance Smart Chain, Polygon, and Polkadot in the future.
OM is the native functional token of the MANTRA ecosystem and is used for the following purposes:
Staking: DOT and KSM holders can delegate their assets to MANTRA’s validator nodes and bind their Ethereum addresses to the platform to mine OM tokens.
Lending: Through MANTRA’s over-collateralized money market lending platform, ZENTEREST, users can supply assets to the platform and borrow tokens based on the provided collateral.
Lottery: Users can try their luck with MANTRA POOL by using OM tokens and have the chance to win 25% of this week’s PoS validator rewards.
Governance: OM stakers can submit proposals, participate in governance votes, and suggest changes to various parameters within the MANTRA ecosystem.