Royale Collaborates with MANTRA DAO to Bring the $ROYA Token to New ZENTEREST Lending Platform
MANTRA DAO doubles down on Royale, the iGaming DeFi disruptor, by allowing $ROYA as collateral on ZENTEREST.
Lords and Ladies of the Royale Realm!
The Royale community has a new reason to celebrate holding $ROYA tokens! MANTRA DAO partners with Royale, MANTRA DAO partners with Royale…definitely worth repeating!
Your Kingdom is taking yet another bold step towards building a decentralized iGaming future by partnering with MANTRA DAO (OM), the visionary community-governed DeFi platform making staking, lending, and governance more accessible than ever before. We are thrilled to announce our strategic partnership as we seek to join forces in our quest to vanquish the powers of centralized monopoly and usher in a new era shaped by the wisdom of the crowd through a community-governed, transparent, and decentralized ecosystem.
MANTRA DAO has already taken this journey with us for quite some time with their support in our seed round. Thanks to all our Kings and Queens, and a few Sherpas as well, we are now well on the road to achieving our iGDeFi future.
“We are truly excited about our partnership with Royale, and about all the possibilities of incorporating ROYA into our suite of DeFi products. We are happy to support them as a seed investor, and are looking forward to building a collaborative DeFi environment for the Polkadot ecosystem together.”
— John Patrick Mullin, Co-Founder of MANTRA DAO
Divine Moments of Truth
Our shared belief in trust as a catalyst for growth aligns with our common goals to create a fairer financial system that we can all believe in. Royale’s protocol to bring Provable Fairness to the iGaming industry is set to unleash the pent up demand of an industry shackled by an oligopoly that hides in opaque shadows, eroding gamers trust in the whole sector. We too trust in each other’s teams is the key to building mutual sustainable growth and a prosperous, dynamic ecosystem. MANTRA DAO reached the top #1 Trading Volume on Uniswap on August 19, proving it to be one of the highest in-demand projects on the DeFi exchange.
On the back of a roaring success with our IDO debut on Polkastarter in late December 2020, that took a mere 5 minutes to be fully subscribed, we are excited to include Mantra DAO in our quest to take on the booming global iGaming industry that is set to reach $170 billion by the end of the decade. The Royale team is eager to share insights with the MANTRA DAO crew and build upon our mutual successes over the course of our development.
“As an early sherpa of MANTRA DAO, I have been following JP and the team closely and have been impressed with how they operate and all that they have achieved in such a short time. Royale is super thrilled that $ROYA will soon be a part of the growing MANTRA DAO DeFi ecosystem. We’re intrigued to explore other integration plans in the near future.”
— Matt Armstrong, Co-Founder of Royale
$ROYA as a Collateral Asset in MANTRA DAO’s ZENTEREST Platform
Our first step in introducing the Royale Kings and Queens into the $OM economy will be to include our $ROYA token in MANTRA DAO’s lending platform, ZENTEREST, as a collateral asset.
ZENTEREST is an overcollateralized money market lending protocol recently announced by MANTRA DAO. It is a fork of both Compound and Cream.finance that allows users to supply, borrow, and use their crypto assets as collateral in a peer-to-peer decentralized fashion. It is the first in what may prove to be a long line of MANTRA DAO DeFi products. ZENTEREST will maintain a bespoke set of listed assets. The supply and borrowing of those assets will be incentivized by additional $OM token rewards that will be distributed to both collateral suppliers and borrowers.
In short, $ROYA token holders will be able to borrow against their $ROYA tokens to secure stablecoins or any other cryptoasset supported on the ZENTEREST platform. It’s another use case for our Royale Kings and Queens to utilize their precious $ROYA.
Stay tuned for more news and exciting developments in the Royale economy by following our social media below!
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 Royale Finance 👑
Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi cryptoassets but powered by base layer DeFi protocols, we call iGDeFi.