MANTRA DAO Partners with Stablecoin Experts OIN Finance!
OIN Finance brings their immense expertise in stablecoins to our partnership!
As our newest strategic partner, OIN finance have been in communication with us about expanded avenues of DeFi functionality, including topics such as stablecoins issuance.
Bringing their immense expertise, OIN finance have agreed to collaborate with us on the development of our Ethereum version Stablecoin, mUSD. We feel incredibly fortunate to be bringing their amazing team into our partnership ecosystem and will be looking forward to working together!
From integrating OIN’s lending product with that of MANTRA DAO’s to OIN stablecoin minting of mUSD and integration to our upcoming dashboard, we foresee our partnership with OIN being extremely fruitful and mutually beneficial.
Richie Lee, the founder of OIN mentions, “This partnership will mean new opportunities and monetary resources for OIN, which we will utilize for the further development of the platform. The partnership will be multifaceted in the sense that it will also explore other cooperation with their ecosystem, such as lending to open new opportunities for our users and clients.”
John Patrick Mullin, MANTRA DAO co-founder added “The partnership between OIN and MANTRA was much-awaited, and we are excited to work with the company and further our goal of becoming the go-to platform for all DeFi needs. ”MANTRA DAO is very excited to work with one of the go-to stablecoin minting DeFi platforms, OINDAO. mUSD will be a native overcollateralized stablecoin product, mintable on the OINDAO platform, and soon integrated on the MANTRA DAO platform. We believe that this partnership will enable a lot of cross-value transfer between our communities, and are excited to further integrate our product suites.”
What is OIN Finance?
The OINDAO is a cross-chain decentralized stable coin issuance platform based on Ethereum. Different from an existing strategy where whitelisted assets are all staked or leveraged to issue one universal stablecoin, OINDAO is aiming to build a multi-function stablecoin issuance platform that enables projects to issue their own stablecoin autonomously by collateralizing their native tokens. This will not only allow the projects a direct onramp to a Defi platform and serve the needs of the investors and projects with staking, leverage, and stablecoin, but also bring them onto the OINDAO platform. The value of OIN token is supported by the voting right to govern the platform and transaction fee sharing.
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.
About OIN Finance
OIN brings great DeFi functionality, such as stablecoin issuance to blockchain projects through a multi-faceted infrastructure. We empower projects, large or small, with access to the next step of the blockchain revolution: decentralized finance.
For all the recent updates and progress, connect with OIN Finance and become a part of our community at: