MANTRA DAO Becomes One of the First Farming Pools with GalaxyFarm
Sherpas will be able to stake OM and farm 5 tokens from the first cohort!
In our continued effort to bring utility to the MANTRA DAO OM token, we are excited to announce that we will be collaborating with GalaxyFarm, a new staking product developed by Router Protocol, to enable liquidity providers of OM to farm multiple tokens in the GalaxyFarm pool!
What is GalaxyFarm
GalaxyFarm offers users exposure to a multitude of different tokens, providing competitive APYs on a Layer-2 (Polygon based) AMM which is gasless in nature. Ethereum fees are only involved in entering and exiting the network, all transactions (including pair swapping) inside the AMM are gasless.
GalaxyFarm will be launching its first cohort of DeFi projects on March 9th on dfyn.network which is a Router Protocol’s node on Polygon (formerly known as Matic). MANTRA DAO is proudly part of this first cohort!
MANTRA DAO, as well as the other cohort participants, will contribute our native tokens alongside the Router Protocol native token to create a reward pool worth over $150,000. Users will be able to stake their OM, and other project tokens, and earn rewards in all of the five tokens in the pool!
GalaxyFarm Pool Details
- The reward pool is set at $30,000 per protocol. For example, users that stake their OM tokens in the GalaxyFarm pool will earn yield for all participating tokens at the same time!
- The GalaxyFarm Pool will go live on March 9th, 1:30PM UTC.
- The Pool will last for 30 days.
- Tokens can be unstaked from the GalaxyFarm Pool at any time.
Livestream AMA with Router Protocol
John and Will will be hosting a livestream AMA with Ramani Ramachandran, CEO & Co-Founder of Router Protocol, on March 4th at 7:30AM UTC on the MANTRA DAO Youtube and Facebook accounts. Be sure to join us there to learn more about Router Protocol and GalaxyFarm!
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. Building 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
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Website | Telegram | Telegram ANN | Twitter | LinkedIn
