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It’s honestly an honor that I’m hearing investors are being approached and projects are saying that they’re doing a “MANTRA-style RWA pivot.”
As they say, imitation is the sincerest form of flattery. But there’s a lot more to unpack on our back story, so here’s a 🧵👇🏼🕉️
1) It was incredibly emotional to wake up this morning and see $OM hit a new ATH, but at the same time, I reflected on just how crazy the last few months have been for MANTRA, the sherpas, and honestly, just my life.
🚀 Exciting news, Sherpas! 🌟
MANTRA just announced the launch of his incentivized RWA Savings Vault powered by Ondo’s USDY! 🚀💰
1⃣ How It Works:
A new savings vault featuring USDY, a tokenized note backed by short-term US Treasuries and bank deposits.
This lets you earn a return like a stablecoin, but with the added security of US Treasury backing!
2⃣ The Proposal:
MANTRA will offer USDY as a genesis asset upon our mainnet launch, expected later this year.
This integration aims to enhance MANTRA onchain liquidity and expand MANTRA ecosystem by working closely with top RWA projects.
3/ 🎯 Opportunities:
🔸Early Backers:
Contribute USDC and gain access to low-risk, short-term US Treasury yields.
🔸Additional Rewards:
Stay invested until the MANTRA Chain mainnet launch to receive extra rewards in ONDO tokens and mainnet OM coins.
✍️Join the waitlist here: https://t.co/cMHuL74QVB
MANTRA & ONDO connect TradFi and DeFi with secure financial solutions.
#HomeForRWAs #DeFi #Crypto #InvestSmart #MANTRAChain #OndoFinance #USDY #RWA #Tokenization
Investing in real world assets needs a real world comparison. For most asset managers, that comparator is known as the “risk-free rate.” This rate is usually somewhere along the Treasury yield curve, between notes and the 10-year T-bill.
That makes $USDY the perfect building block when constructing #RWA portfolios. If a risk-return calculation you make on investing in a vault or other onchain protocol on @MANTRA_Chain doesn’t sit right with you, you should be able to just “sit in Treasuries” gaining exposure to the yield offered on short-term Treasuries.
And users deserve to be able to access assets of various risk profiles without having to cross the “blood-brain barrier” of bringing onchain assets offchain.
Our first vault will debut next month. Our aim is to bring onto MANTRA Chain the deepest liquidity for $USDY.
🔥 MANTRA Launches RWA Savings Vault Powered by Ondo’s USDY
#Ondo and #MANTRA will incentivize a multi-chain USDY vault allowing contributors of USDC to gain access to low-risk, short-term US treasuries yield. Those holding until the MANTRA Chain mainnet launch will receive additional rewards — $ONDO and mainnet $OM coins, in addition to the underlying yield. Vaults open to the public in June 2024 on @ethereum and @base chain.
✅ Interested users can join the waitlist here: https://t.co/ASjw0wRtzG
MANTRA will also integrate Ondo’s flagship interest-bearing tokenized note, USDY, as a genesis asset when the blockchain debuts later this year. This integration aims to actively build substantial liquidity support for RWA tokenization, catering to the growing demand from institutional investors.
Nathan Allman, CEO of Ondo Finance, remarked, “We are excited to see the USDY vault launching on MANTRA, furthering our mission to bring institutional-grade assets to the world. This yield-bearing vault is an exciting step in our journey to bridge traditional finance and decentralized finance at scale.”
👀 Read more: https://t.co/rnblt7NRWU
MANTRA - From Institutions to Individuals: Bringing Finance Onchain.
$OM #HomeForRWAs
$PARAM is finally upon us, and @Bybit_Official is our first official launch partner!🔥
🗓️ May 29th, 8 AM UTC
PARAM will also be one of the first projects ever introduced on the exclusive Bybit Launchpool.
Happy to announce the integration of @ApeCoin to the Param Gaming ecosystem! 🤝
Starting immediately, $APE holders can use ApeCoin as a payment method for our @PixelToPoly service, which allows users to seamlessly convert NFTs into game-ready avatars!
Introducing the $PARAM Launchpad: The go-to platform for minting tradable gaming assets using Param Token.
This is the second of multiple immediate use-cases going live right after our upcoming TGE!🚀
🚀 Exciting news from @MANTRA_Chain! The recent DAO proposal has been unanimously approved, paving the way for the creation of the $OM liquidity pool on Base Chain!
👏 Huge shoutout to the incredible #MANTRA community for their active participation and support!
Check out the full proposal here: https://t.co/HgYe3izT7A
#RWA
Great utilities around @MANTRA_Chain can not be overemphasized as its chain is known to be permissionless for Permissioned Applications.
The key 4 Chain features are highlighted which shows an amazing future for the #RWAs ecosystem in its tokenization https://t.co/Twkg1witrQ
$OM