MANTRADAO
What is Decentralized Finance (DeFi)?
Decentralized Finance (DeFi) is an ecosystem of financial applications built on top of blockchain networks without third party intervention.
The term Decentralized Finance also refers to an innovation that aims to create an open-source, permissionless, autonomous and transparent financial service ecosystem that is available to everyone and operates without intervention of any central authority. The users have full control over their assets and interact with this ecosystem through decentralized applications (dapps) and peer-to-peer (P2P).
Advantages of DeFi
The main benefit of DeFi is easy and handy access to financial services. Another advantage of DeFi is that it is built on a network framework, interoperable DeFi applications on blockchains will effectively create entirely new financial markets, products, and services in the nearest future.
Traditional financial system relies on institutions such as banks to act as third parties, and courts to provide arbitration.
While DeFi applications doesn't require any means of intermediaries or arbitrators. The blockchain codes specifies the solution of every possible glitch and dispute, and the users have control over their funds at all times. This allows a frictionless and well secured financial system and reduces extra cost.
MANTRA DAO
Mantra Dao is a DeFi project, Mantra DAo is a community governed DEfi platform that focuses on staking, lending and Governance. It leverages the crowds wisdom to create a community-governed, transparent and decentralized ecosystem for web 3.0
Here are some DeFi protocols of Mantra DAo which are:
- Staking
- Lending
- Borrow
- Governance
- Karma
- Mantra Pool
- STAKING: Users are able to securely stake their native token, $OM. Members and holders of $OM stand a chance of earning passively.
- LENDING: With Zenterest Lending protocol members of the community can participate in a hand full of both small and large-cap ERC 20 assets. This allows members to supply, borrow and use their tokens as collateral in peer to peer decentralized fashion.
- GOVERNANCE: Holders of the native tokens, $OM, have full control of their governance powers by voting based on the amount of $OM owned.
- BORROW: Deposit any number of your crypto assets as collateral and get instant access to low interest, stable coin loans.
- KARMA: A reputation mechanism, similar to a traditional credit score, members get more incentives based on their number of karma, and karma is gotten from how often you interact with the ecosystem.
- MANTRA POOL: Members are opportune to try their luck in perpetual savings games, there's always a chance to in the crypto space.
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