MANTRA DAO
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MANTRA DAO

1 Million OM Given to DOT & KSM Nominators of MANTRA DAO!

Those that Nominated DOT & KSM in January Earned an Extra 1M OM

Hitting our Q4 2020 roadmap, we announced in December of last year the launch of our enhanced OM rewards program. This program allocated 500,000 OM for DOT nominators and 500,000 OM for KSM nominators from the MANTRA DAO Foundation Staking Rewards wallet as rewards to participants nominating their DOT & KSM to the MANTRA DAO validator nodes.

Nominate your DOT & KSM to MANTRA DAO and receive enhanced OM rewards!

We want to thank everyone who participated and inform those who nominated that our January 2021 validator rewards will be claimable on the MANTRA DAO platform within the next 36 hours!

Our enhanced OM rewards program for February 2021 starts today, February 1st, 2021 and the rewards for this period will be a total of:

500,000 OM for DOT nominators

500,000 OM for KSM nominators

Updated Validator Addresses

We also wanted to share that we have updated our validator addresses for DOT & KSM. While you will still earn rewards if you delegated to our other addresses, our updated nodes reflect the addresses we have entered into the thousands validators program and we encourage everyone to switch their delegation to the addresses below:

DOT: 1U3SRGexTgwQgaKHGFgFvAF1FLMqKUHCSPtAgGUuZ3En6T8

(Previous Validator Address: 14B2ArWoQKrZy6mcHF6St6GKajTX1WzUAqpQhiVs7Bkq8n7W)

KSM: HhZkxUEceUTr4FYNUAZECizfd5QLVKMdfZAL1eY3xPAPmwA

(Previous Validator Address: FgLXQHptvj9PEmkJxvTEAeD7SbpD9rZPGPQ3U7WaEqNDMCD)

Asset and staking details:

-Assets:

DOT & KSM

-Estimated Annualized Rewards:

DOT: ~13.50% APR + Variable APR OM rewards

KSM: ~ 14.00% APR + Variable APR OM rewards

-Additional OM Reward Distribution:

DOT: 500,000 OM for January 2021 based on individual node contributions proportional to the total staked amount for the node (this is the same for February 2021).

KSM: 500,000 OM for January 2021 based on individual node contributions proportional to the total staked amount for the node (this is the same for February 2021).

-Additional OM Reward Claim Periods:

Short Claim: 1 month (to receive 20% of accrued rewards, 80% of rewards are forfeited and reinvested towards long term stakeholders).

Long Claim: 6 months (to receive 100% of your rewards).

-Reward Accrual Terms:

DOT: Rewards accrue every 24 hours (1 era = 24 hours)

KSM: Rewards accrue every 6 hours (1 era = 6 hours)

-Unbonding Periods:

DOT: Unbonding period is 28 days

KSM: Unbonding period is 7 days

-Staking Wallets:

Polkadot{.js}

DOT and KSM is just the beginning of our enhanced staking rewards initiative that will incentivize numerous stakers and blockchain communities for nominating/delegating their assets to the MANTRA DAO nodes. We are constantly building and looking for great projects to integrate into the MANTRA DAO app in order to deliver the best and most encompassing staking platform for our Sherpa community!

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom 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.

Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn | Github

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