MANTRA DAO Staking Reward (88.88% APR)

Staking has become an easy way to passively grow your crypto asset. The decentralized Finance system has established a platform for everyone to partake and invest our token/coin save in the wallet and try them to what provide income on a daily basis.

In 2020, several DeFi projects were released and it takes due diligence to ascertain which one is real and scam free due to the fact that, all of them come with DeFi features.
August 2020 ushered in MANTRA DAO a community-based DeFi project that focuses on the wisdom of the crowd for engagement and reward. The project is built on RioChain with the hope of solving scalability issues common to Ethereum blockchain and they promised to render interoperability, which is a process of network with another blockchain easily. RIOChain is actually a substrate on Polkadot.

MANTRA DAO Project Review

MANTRA DAO is a community-governed DeFi platform that focuses on staking, lending, and governance and makes all this more accessible than ever before to people. As at the time of publication, the market cap of MANTRA DAO token is at $15,185,196 and the 24h volume is $2,712,603. The blockchain consensus of this project is achieved through a Nominated Proof of Stake which allows investors to leverage their crypto through staking. At the moment, there is two option to earn income and staking rewards with your MANTRA DAO investment. You can provide liquidity on UniSwap and earn LP token which you can stake and generate more OM or as outlined below.

Stake OM in Pre-Staking you need to know
Annual Reward: 88.88%
Adj. Reward: +40.94%
Lock-Up Period: 8 d
Complexity Rating: easy
Risk Rating: stable

MANTRA DAO taking App is in the Pre-Staking Phase and the project is planning for the official Mainnet Staking, to start staking, it is as simple as ABC. With a single on the official MANTRA DAO Staking Platform follow the instructions on the Dashboard which required your wallet connection for easy access.

A step to follow:

1. Connect your Metamask to the platform
2. Confirm an Ethereum transaction from your wallet to stake.

You can read further Here
One of the interesting parts of MANTRADAO staking platform is the absence of a penalty when you are trying to unstake your rewards. When you are considering withdrawing your staked token on the platform, your required an 8 day Unstaking period before you can decide to do this.
With a clear understanding of the staking platform as stated above, there is a fixed percentage reward annually which 88.88 for all participants. According to the tokenization of the project, 10M of OM token were released for funding the pre-staking program in total and following the released on the official mainnet release, there will be ~266M OM reserved for staking rewards which are 30% of the total supply.

How the staking reward will be released is simple. There is a decaying growth function which started on day 91 since TGE, such that a greater proportion of staking rewards will be unlocked on the early days and all staking reward tokens have been fully released by day 1,826 since TGE (roughly 5 years since TGE)

In conclusion, DeFi has a lot to offer the crypto space, it takes your step and action to enter into space and engage in order to be the position for a passive income in your investment. Also, you need to do your own research and ascertain the project you are inventing into is not a scam.

For more information about MANTRA DAO
Visit: https://mantradao.com
Telegram: https://t.me.mantradao.com