Mantra Chain is a layer-1 blockchain built on the Cosmos SDK, designed specifically for Real World Assets (RWAs). It provides the necessary infrastructure and tools to facilitate the seamless tokenization of real-world assets onto the blockchain. Initially launched in 2020 as Mantra Finance, a platform offering yield strategy solutions in the crypto space, the project has since rebranded and shifted its focus to RWAs, aiming for broader scalability and product diversification.
Table Content:
- Exploring the Mantra Chain Ecosystem
- Mantra Chain: Infrastructure and Functionality
- Mantra Zone: User Gateway to the Ecosystem
- Mantra Finance: Yield Optimization Strategies
- Understanding the OM Token
- OM Tokenomics
- Token Allocation and Distribution
- OM Token Utility
- The Team, Investors, and Partners Behind Mantra Chain
- Core Team Members
- Funding and Partnerships
- Comparable Projects in the RWA Space
Exploring the Mantra Chain Ecosystem
The Mantra Chain ecosystem comprises three key products:
- Mantra Chain: Provides the foundational infrastructure and developer toolkit for tokenizing real-world assets.
- Mantra Zone: A platform enabling users to interact with dApps built on or integrated with the Mantra Chain network.
- Mantra Finance: A yield strategy protocol allowing users to maximize returns through farming and staking.
Mantra Chain: Infrastructure and Functionality
Mantra Chain features a modular architecture combined with EVM compatibility, offering a flexible platform for developers. Specialized tools like Mantra DID, Mantra Guard, and Mantra Token Service empower developers to build and customize RWA-focused dApps seamlessly. The integration of the Inter-Blockchain Communication (IBC) protocol ensures interoperability with other blockchains within the Cosmos ecosystem. Furthermore, Mantra Chain utilizes a Byzantine Fault Tolerant (BFT) consensus mechanism for enhanced network security.
The infrastructure is divided into five core layers:
- Application Layer: The user interface for interacting with applications built on the network.
- Module Layer: Provides a flexible toolkit for developers to customize and extend blockchain functionality.
- Execution Layer: Responsible for executing transactions on the network.
- Interoperability Layer: Enables connection and communication with other Cosmos ecosystem blockchains via IBC.
- Staking Layer: Allows users to stake tokens for network security and earn rewards.
Mantra Zone: User Gateway to the Ecosystem
Mantra Zone serves as the primary access point for users to engage with dApps on Mantra Chain. Key features include:
- Bridge: Facilitates token transfers, particularly OM tokens, between Ethereum and Mantra networks. Bridging times vary depending on network conditions.
- Staking: Enables users to stake OM tokens and delegate to validators for network security, earning APRs ranging from 17% to 20%.
- Chakra Pool: Previously in collaboration with Ondo Finance, this pool allowed users to deposit OM tokens to mint USDY stablecoins. The pool closed on September 30, 2024, with participants awaiting USDY distribution after mainnet launch.
Mantra Finance: Yield Optimization Strategies
Mantra Finance empowers users to optimize capital utilization within the ecosystem through:
- Vaults: Users deposit crypto assets into single or multi-asset vaults to earn APR. The choice of vault depends on individual investment goals.
- Staking: Allows OM token staking across Ethereum, BNB Chain, and Polygon networks, with BNB Chain currently offering the highest APY at 13%.
Understanding the OM Token
OM Tokenomics
- Name: Mantra
- Ticker: OM
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token Type: Utility & Governance
- Total Supply: 888,888,888 OM
- Smart Contract: 0x3593d125a4f7849a1b059e64f4517a86dd60c95d
Token Allocation and Distribution
OM Token Utility
OM tokens are utilized for:
- Governance: Participating in protocol governance decisions.
- Staking: Earning rewards for securing the network.
- Airdrops: Rewarding early adopters and community members.
The Team, Investors, and Partners Behind Mantra Chain
Core Team Members
- John Patrick Mullin: Co-Founder, previously Co-CEO & Co-Founder of SOMA.finance.
- Will Corkin: Co-Founder, previously Co-Founder & Co-COO of SOMA.finance.
- Rodrigo Quan Miranda: Co-Founder, previously Co-Founder of SOMA.finance.
Funding and Partnerships
Mantra Chain has raised a disclosed $11 million across three funding rounds, with notable investors including Laser Digital, Shorooq Partners, Mapleblock Capital, and Token Bay Capital.
Comparable Projects in the RWA Space
- Ondo Finance: An institutional-grade RWA protocol offering managed financial services.
- Plume Network: A layer-2 RWA blockchain simplifying the process of bringing off-chain assets like real estate, art, and financial instruments onto the blockchain.
