MANTRA DAO Inks Long-Term Strategic Partnership with Bluzelle
Today, we can confirm that MANTRA DAO will integrate Bluzelle’s decentralized database (Bluzelle DB) into future products such as the KARMA rating protocol. Powered by Cosmos/Tendermint and, therefore, interoperable across chains. Bluzelle is one of the essential web3 projects in the cryptosphere and one we are delighted to join forces with.
Bluzelle’s dPoS database facilitates the storage of dApp data in a manner that realizes the underlying principles of decentralization, principles that have informed our work at MANTRA since day one. Bluzelle stores data across geographically distributed nodes, eliminating any single point of failure, and supporting scaling. We’ve been a big fan of the network for some time now.
The Urgent Need for dApp Data Solutions
With billions of connected devices requiring data generation, management, storage, and retrieval — and existing management services ill-equipped primarily to address the ever-expanding needs of consumers — Bluzelle’s on-demand database is, in our eyes, a game-changing innovation: scalable, censorship-resistant, highly private and extremely tough to disrupt.
As the dApp landscape expands, expect demand for fast, scalable databases to surge. Bluzelle is well placed to be the number one choice.
Integrating Bluzelle DB is a significant shot in the arm for MANTRA DAO, as we seek to become the number one defi platform for staking, lending, and governance. As well as tapping into Bluzelle DB, we will run a BLZ validator to contribute to the security of the network; BLZ token holders, in turn, can delegate to the MANTRA DAO validator node to earn inflationary rewards in BLZ and extra OM tokens from the DAO.
Bluzelle isn’t just known for its decentralized database, vital though it is; its decentralized oracles also aim to enhance the security and price reliability of defi projects related to staking, savings, and lending.
Launched earlier this year, the network’s oracles are, in essence, an extension of Bluzelle DB, fetching high-quality, real-time data stored on the database on behalf of the defi applications utilizing them. Bluzelle Oracles also benefit from an on-demand historical price index, enabling dApps to run statistical analysis that generates red flags when a price point appears suspicious.
MANTRA DAO Council Member JP Mullin commented, “We are very excited to work with Bluzelle on multiple fronts in this partnership. Running a validator is just the tip of the iceberg, and we are extremely excited about integrating their new oracle product and their decentralized database within our products. We see this being particularly relevant to making sure our KARMA credit protocol remains as decentralized as possible.”
Better Data, Stronger DeFi
In September, we struck a partnership with Band Protocol to explore oracle integration avenues via its BandChain decentralized oracle network. Last month, we partnered with Matic Network, the layer-two scaling solution that understands oracles’ value just as we do — it integrated Chainlink previous summer. It is with great pleasure that we integrate Bluzelle data oracles as one of our oracle options, too.
Building a better DeFi ecosystem means upholding decentralization principles as far as privacy and security are concerned while also giving users access to accurate, up-to-date information. DeFi dApps will never make good on their vision of returning financial autonomy to users if they are minutes behind on price updates. We believe that Bluzelle’s data oracles are best in class, enabled as they are by access to historical price information and data points.
All told, our strategic partnership with Bluzelle is one of our biggest to date and we’re excited to pass on the benefits to our users.
“With MANTRA DAO we have a full ecosystem partner in that they are validators and users of both our database and oracle product. Their team has executed quickly in 2020 and is positioned well in the fastest growing parts of DeFi. They are the ideal partners to grow with,” says Pavel Bains, CEO of Bluzelle.
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.
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About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
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