Decentralized Finance AKA DeFi is an overall term for services like lending, investing, borrowing, decentralized trading, non-third party infrastructure.
Cryptocurrencies and blockchain brought the innovation on how the global economy can be democratized.
Questions where asked, DeFi brought the answer.
MANTRA DAO is a community-governed project, with DeFi features such as Staking, Lending, and Governance.
MANTRA DAO leverages the crowd’s wisdom to create a community-governed ecosystem with transparency and decentralization. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people by helping them store and grow their wealth together.
MANTRA DAO is built on Rio Chain, a Substrate-based blockchain with high security, accessable, and will connect to the Polkadot network.
Mantra also supports the DAO Karma Protocol, a popular mechanism for evaluating the behavior of system participants and for monitoring $OM owner performance metrics.
So many projects have evolved over the years with the aim of procuring visible solutions to underlying problems on the blockchain. Some of the most sought after technologies in the cryptocurrency space include Interoperability and Distributed ledger technologies which ensures faster transactions, encompassing and transparent financial services that bring zero doubts in the minds of users and lovers of cryptocurrency while ensuring safety and anonymity.
In the light of these, recent projects have been unable to integrate these key features into the blockchain which has drifted DeFi farther away from reaching its peak and taking the cryptocurrency space by storm.
There is a new protocol that brings a viable solution by incorporating interoperability and flexible design between networks is called Polkadot. Polkadot Protocol provides a neutral ground where multiple blockchains can carry out thousands of transactions seamlessly with the speed of light thereby making data transfer rapid and easy. It ensures long-awaited improvements in blockchain such as scalability around the ecosystem.
Happy birthday $OM
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