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

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Spot the Main Event:

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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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

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.

Trade hard. Joy is coming

Spot the Main Event:

They thrilled to announce 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. MANTRA will feature Ondo’s flagship interest-bearing tokenized note, USDY, as a genesis asset upon mainnet launch, expected later this year. USDY provides holders with exposure to short-term US Treasury yield while conveniently packaged within the familiar 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.)

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

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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