chain: MANTRA - June 2024 Price Update - 7.14% Breakout News and Analysis

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MANTRA launches RWA savings vault powered by Ondo’s USDY. MANTRA, one of the world’s leading projects in the real world asset (RWA) tokenization sector of the digital assets industry, announced a major onchain product. This landmark event will feature two of the biggest players in the RWA space building deep liquidity support for RWA tokenization, an area of decentralized finance (DeFi) that has seen significant institutional interest this year. MANTRA will feature Ondo’s flagship interest-bearing tokenized note, USDY, as a genesis asset when its blockchain debuts, expected later this year. USDY provides holders with exposure to short-term US Treasury yield while maintaining the utility of stablecoins. (NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act. To celebrate this liquidity landmark, both the Ondo Foundation and MANTRA will incentivize a multi-chain vault, providing users who contribute USDC to the vault with immediate access to high-quality yield. Users who remain in the vault until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins in addition to the underlying yield. The duo expect the vault to open to the public in June on Ethereum and Base. To prevent the dilution of returns as participation grows, MANTRA and the Ondo Foundation have structured a ratcheting schedule of increasing rewards to be paid out as community participation milestones are met. MANTRA aims to bring DeFi composability and institutional-grade finance together onchain. USDY’s robust features include overcollateralization, third-party oversight and institutional-grade investor protections, making USDY a keystone asset for the burgeoning RWA ecosystem.

Spot the Main Event:

MANTRA recently launched 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.

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This announcement caused the price change 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. 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.” MANTRA - From Institutions to Individuals: Bringing Finance Onchain.

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Here's a dive into MANTRA's cryptocurrency essence: Focus: MANTRA is a privacy-focused protocol built on the Polkadot multi-chain network. It aims to provide a secure and scalable platform for private transactions across various blockchains. Problems Addressed: Lack of Privacy in Public Blockchains: Transactions on public blockchains like Bitcoin or Ethereum are entirely transparent, raising privacy concerns for users. MANTRA addresses this by offering confidential transactions that shield transaction details. Limited Interoperability between Blockchains: Different blockchains often operate in silos, hindering seamless communication and transfer of assets. MANTRA aims to bridge this gap by facilitating interoperable privacy-preserving transactions across various blockchains. Scalability Challenges of Privacy Protocols: Some privacy-focused protocols face scalability issues, limiting their ability to handle high transaction volumes. MANTRA leverages Polkadot's scalability features to address this challenge. Innovative Use Cases: Private Payments: Users can send and receive cryptocurrency payments on the MANTRA network with enhanced privacy, protecting their transaction details. Confidential DeFi Applications: MANTRA enables the development of privacy-preserving DeFi applications, allowing users to participate in DeFi activities without compromising their financial information. Inter-chain Privacy Swaps: MANTRA facilitates secure and private token swaps between different blockchains supported by the Polkadot network. Anonymous Voting and Governance: MANTRA can be used to create privacy-protected voting systems for decentralized organizations (DAOs) and other governance applications. Scalable Privacy Solutions: By building on Polkadot, MANTRA offers a more scalable solution for privacy-focused transactions compared to some existing privacy protocols. Overall, MANTRA offers a unique approach to privacy in the blockchain space. It combines privacy features with interoperability and scalability, aiming to cater to users seeking a more secure and confidential way to interact with various blockchains and DeFi applications.

Spot the Main Event:

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://mantra.jotform.com/241421998848976 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://mantrachain.medium.com/mantra-launches-rwa-savings-vault-powered-by-ondos-usdy-3b12d96d81c2 MANTRA - From Institutions to Individuals: Bringing Finance Onchain.

To God be the Glory

Explore the Core.

MANTRA is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Spot the Main Event:

MANTRA Launches RWA Savings Vault Powered by Ondo’s USDY. To celebrate this liquidity milestone and reward early adopters, MANTRA and Ondo Foundation will incentivize a multi-chain USDY vault allowing contributors of USDC to gain access to low-risk, short-term US treasuries yield. Additionally, those who remain invested until the MANTRA Chain mainnet launch will be rewarded with additional rewards — Ondo (ONDO) tokens and mainnet OM coins on top of the underlying yield. This vault is opening to the public in June 2024 on both Ethereum and Base Chain.

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Spot the Main Event:

This announcement caused the price change 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. 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.” MANTRA - From Institutions to Individuals: Bringing Finance Onchain.

Spot the Main Event:

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.

Trade hard. Joy is coming

Explore the Core.

MANTRA is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Spot the Main Event:

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. 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. There's also an increased staking of on to strengthen mantara

Explore the Core.

MANTRA is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Spot the Main Event:

They announced an incentivized RWA savings vault featuring Ondo’s USDY, a tokenized note secured by short-term US Treasuries and bank deposits. This launch will feature two of the biggest players in the RWA space building deep liquidity support for RWA tokenization, an area of decentralized finance (DeFi) that has seen significant institutional interest this year. To celebrate this liquidity milestone and reward early adopters, MANTRA and Ondo Foundation will incentivize a multi-chain USDY vault allowing contributors of USDC to gain access to low-risk, short-term US treasuries yield. Additionally, those who remain invested until the MANTRA Chain mainnet launch will be rewarded with additional rewards — Ondo (ONDO) tokens and mainnet OM coins on top of the underlying yield. This vault is opening to the public in June 2024 on both Ethereum and Base Chain.

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