Important Update: Zenterest Deprecation Announcement

MANTRA
2 min readJan 17, 2024

Dear Sherpas,

We wanted to share an important update regarding the OM Zenterest pool on app.mantradao.com:

Following a MANTRA Core proposal from July 2023, a decision was made to gradually reduce and deprecate the Zenterest reward pool, which was completed by November 1, 2023. As we embark on a new chapter with the transition to MANTRA Finance and anticipate exciting developments, we are also announcing the discontinuation of the OM Zenterest pool on the app.mantradao.com UI.

We understand that some users may still have OM staked and outstanding rewards. To accommodate these users, the reward pool will be periodically refilled until the end date of Feb 29, 2024 (the “End Date”), with a maximum of 500k OM rewards. This End Date is fixed, and will not be changed.

We kindly remind all users to collect their OM rewards before the End Date or while the reward pool is still liquid (i.e. before the 500k OM rewards have been depleted). Any users who fail to do so will forfeit any outstanding rewards. Your staked position remains unchanged and this only affects the rewards.

We appreciate your understanding and continued support as we evolve and grow together. If you have any questions or concerns, please feel free to reach out to us.

Thank you for being an integral part of the MANTRA community.

Best regards,

MANTRA Foundation

--

--

MANTRA

Unlocking the $16 Trillion RWA economy with a regulation-ready blockchain.