MANTRA DAO launches RFUEL Staking Program

RioDeFi
RioDeFi
Oct 9, 2020 · 2 min read

RioDeFi’s native token to join OM on the Community Governed DeFi Platform

Hong Kong, October 8th 2020

Following its high profile Initial Dex Offering last week, and in parallel to the staking programs available on centralised exchanges Bithumb Global and Biki, RFUEL staking is now launching on MANTRA DAO, RioChain’s first decentralized application.

Offering a broad range of blockchain based financial services including staking and lending of digital assets, MANTRA DAO is a one-of-a-kind cross chain DeFi platform. The addition of RFUEL to its list of supported assets underlines the close collaboration between the two projects and heralds the emergence of RioDeFi’s ecosystem of financial services.

This first version of MANTRA DAO runs on the Ethereum blockchain and provide its users with an avenue to participate and earn daily passive rewards. Following the launch of OM staking pool last week, MANTRA DAO is now rolling out a staking pool for RFUEL. As in the case of OM, the RFUEL staking pool supports the ERC-20 version of the token until it later migrates to the RST-88 standard following the coming release of RioChain main net.

RFUEL Pool will launch with an annualized reward of 50 % which will be adjusted on a monthly basis by RioDeFi.

MANTRA DAO staking platform is available here: https://app.mantradao.com

MANTRA DAO first platform launched last week

To learn more about how staking of RFUEL works and in order to understand how to collect RFUEL staking rewards the MANTRA DAO team has developed a comprehensive step-by-step tutorial: https://app.mantradao.com/support

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.

Mantradao.com

About RioDeFi

RioDeFi is a blockchain technology company that aims at bridging the gap between traditional and decentralized finance. RioDeFi’s key technology is RioChain, a digital infrastructure which is designed to support high performance financial applications.

RioChain is built on Parity Substrate, which enables cross-chain interoperability. This means it can interact with assets of other blockchains, such as Bitcoin and Ethereum.

Find out about the latest development of RioChain on RioDeFi’s website:

riodefi.com

RioDeFi

The next frontier of finance

RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems

RioDeFi

Written by

RioDeFi

The Next Frontier of Finance

RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems