MANTRA DAO becoming a genesis validator for KardiaChain

Published in

KardiaChain

3 min readSep 14, 2020

At KardiaChain, we believe that trusted partnership with quality teams, both in the legacy and the blockchain sectors, is the key to mutual sustainable growth. As such, we are very excited to announce our new partnership with MANTRA DAO, one of the new strong players in the blockchain and DeFi space. We welcome MANTRA DAO to be one of our genesis validators in the KardiaChain ecosystem that would allow KAI holders to the staking benefit of KardiaChain network.

MANTRA DAO (OM) is a visionary community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO reached the Top #1 Trading Volume on Uniswap on August 19, proving itself to be one of the highest in-demand projects on the DeFi exchange. MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

Top 10 Tokens by Trading Volume on Uniswap (Source: CryptoDiffer)

KardiaChain token (KAI) will be usable on the MANTRA DAO platform, available as in both collateral in MANTRA DAO’s future Compound-type interface and means to Liquidity Mine the DAO’s native OM governance token. Both opportunities yield exciting profits. Kardiachain’s unique interoperability technology also offers the possibility of seamlessly bringing in other options, such as NEO or TRX, into the OM ecosystem.

Meanwhile, MANTRA DAO will participate as a genesis validator on the KardiaChain mainnet. Both teams will also be working closely together to develop future DeFi solutions, along with developments on Polkadot and the aspiring DOT parachain where the native OM token can be found, RioChain.

To help our followers & investors onboard and understand the depth of our partnership, we will host an AMA together with MANTRA DAO founders on our Official Telegram channel on Tuesday, followed by another AMA on MANTRA DAO’s Telegram channel on Wednesday. So stay tuned for some juicy news and great prizes!

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance.

MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

MANTRA DAO becoming a genesis validator for KardiaChain

Written by KardiaChain