MANTRA DAO John Co-Founder — Patrick Mullin
It is another exciting moment in our Globe Interview Series. In Episode 26, we interview John Patrick Mullin, Co-Founder and Council Member at MANTRA DAO. John Patrick Mullin is one of the leading names in DeFi, and his experience and knowledge of the industry are noteworthy, which is why we decided to speak to him.
In this interview, John talks to us about how he started in the traditional financial industry, his journey into the crypto and blockchain industry, founding a platform called MANTRA DAO, what solutions it provides, and the project’s future.
Who is John Patrick Mullin?
John was born in the US but spent a large part of his adult life abroad, undertaking his undergraduate studies in Madrid, Spain, and a double master’s in Germany and Shanghai. He immediately entered the traditional finance industry and started working for one of China’s largest investment banks, Guotai Junan Securities, as a senior FinTech research analyst.
John first took an interest in cryptocurrencies in 2012 and purchased a few Bitcoin before entering the industry full-time in 2017. He helped set up a crypto exchange firm in Hong Kong the following year and helped launch the Hong Kong office of trade.io; a US licensed brokerage business. He then joined the Rio DeFi team later on before founding MANTRA DAO in 2020. John is also the co-founder of SOMA.finance and a founding partner at ClubDAO.
John is an active member of the Chinese Fintech community and is a guest lecturer who focuses on Fintech, Blockchain, and entrepreneurship at Tongji University, Shanghai. He regularly writes for Forbes, Cointelegraph, and LinkedIn China about blockchain and FinTech innovation. In addition, he is a professional speaker and ICO and Fintech advisor advising several blockchain companies across Asia, Europe, and The United States of America.
What is MANTRA DAO?
MANTRA DAO is a community governed DAO built for the Polkadot ecosystem and focuses on staking, lending, and open governance. The project is built on Rio Chain, a substrate-based blockchain interoperable with Polkadot, a rival of Ethereum that provides cross-chain compatibility. John is now the CEO of Rio DeFi, the company that built Rio Chain.
MANTRA DAO was originally conceived as a BTC-backed stablecoin built in the Rio Defi ecosystem but evolved into a multi-collateral and cross-staking platform in DAO.
“Originally when we started MANTRA DAO, it was an interoperable DeFi protocol that supported various financial applications focused retail consumers and allowed individuals to feel at ease with their personal wealth and finance,” John says.
For simplicity, MANTRA DAO can be thought of as a community-governed, non-custodial platform where users can stake and lend assets while earning interests. In addition, users can access lines of credit using crypto as collateral, win prizes in the MANTRA POOL distribution game, and get complete control of how the platform is run.
MANTRA DAO’s ecosystem’s financial products continue to grow. Originally a Polkadot Defi governance platform, it now provides DeFi services on several different blockchains, including Ethereum, Binance Smart Chain, Terra, Asta, and Polygon. In the future, MANTRA DAO will be available on HECO, Solana, and more.
“What we are doing is going to be an exciting sort of trend to see where DAO is available across multiple chains because now we see a lot of the DAOs focusing on one chain.”
MANTRA DAO plans to build its own native chain in the future, which will be extremely vital to the MANTRA DAO tokenomics and the ecosystem’s progress. The chain will be an inoperable DeFi chain that will integrate with SOMA once completed. The team is also working on a native DAO index, incentivizing users to try out the platform.
The OM Token
MANTRA DAO’s native token is OM, based on one of the most common mantras hummed or chanted in meditation. OM allows traders to stake and participate in the project’s governance by granting users voting power over economic parameters such as interest rate, inflation, and deflation levels. OM is distributed as a reward for contributing to the platform.
OM is listed on several exchanges, which include Binance, Bithumb, Gate.io, Ascendex, Uniswap, Hotbit, to name a few.
Find out more about MANTRADAO:
And connect with John Patrick Mullin on Twitter:
https://twitter.com/jp_mullin888
Join us for the full interview with John Patrick Mullin, which airs on the 17th of March, 2022, at 6:00 PM UTC on Youtube.
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