MANTRA DAO Expands Kylin Partnership to Bring Native KYL Staking
KYL staking pool will go live today on April 15th, 2021.
As we expand the integration of our services to more of our partners, we are excited to be launching alongside our preferred Polkadot Oracle partner Kylin a KYL staking pool in our DeFi ecosystem to bring KYL token holders and community more utility to their tokens!
Since our partnership announcement with Kylin last month we have been looking to expand our collaboration with Kylin and our native KYL staking implementation is only the first step of the exciting plans we have planned.
The KYL staking pool is live and begins accruing rewards on April 16th, 10 AM UTC!
Roughly 0.4 KYL per block will be distributed and unstaking takes an 8 day unlocking period or 2% fee for immediate unstaking.
You can find our official staked KYL (sKYL) staking contract here: 0x67b6d479c7bb412c54e03dca8e1bc6740ce6b99c
About MANTRA DAO
MANTRA DAO is a community-governed DeFi ecosystem 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 Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network hopes to provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
