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MANTRA DAO x Band Protocol Validator Partnership Announcement

MANTRA DAO Announces Its First COSMOS Ecosystem Validator Partnership with Band Protocol

MANTRA DAO Announces Its First COSMOS Ecosystem Validator Partnership with Band Protocol
  • Scalability
    All oracle computations are offloaded to BandChain, an independent high-performant blockchain, to eliminate exorbitant data query costs arising from high gas costs and other dependencies on any native blockchain such as Ethereum. This is also critical in ensuring that data queries are not congested in volatile market situations, preventing decentralized applications from consuming delayed or incorrect data.
  • Developer Customizability & Flexibility
    On BandChain, developers are able to create their own custom oracle scripts which specify what external data source or API to connect to, aggregation method, update and security parameters. This toolbox for developers allows the data needs of each respective protocol or decentralized application to be met from real-time data or strong diversification of sources without compromising security guarantees.
  • Fully Decentralized
    There are currently 68 active validator nodes on the BandChain Mainnet at the time of writing. All of which are required to stake BAND tokens to fulfil data requests as determined by a randomized stake-weighted algorithm. This ensures that there is no centralized whitelisting process and validators are economically aligned to secure the decentralized oracle network and perform their jobs.

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MANTRA

MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem.