MANTRA DAO & PolkaFoundry Cement Ties with Partnership!
We are eager to supercharge our Substrate development efforts with PolkaFoundry!
Following PolkaFoundry’s official launch on ZENDIT on March 16th, we are happy to announce that we are expanding the scope of our mutual partnership!
As one of the most dynamic projects launching this year, PolkaFoundry’s knowledge of Substrate and Polkadot’s architecture and ecosystem is unparalleled! We will be working closely with the PolkaFoundry team to improve our dApp development initiatives on Polkadot by leveraging their EVM compatible bridge technology and other innovative features that include but are not limited to their:
- Signing Key — A signing key can be used in place of the private key. Each signing key has an expiry time and a limited set of permissions. Thus, leaking keys yields much less serious consequences. This more efficient signing process improves both dApp security and the UX safeguards the keys.
- Flexible Player — With Flexible Player, dApps can pay transaction fees for users in a decentralized manner. As a result, dApps can employ much more flexible monetization strategies, such as free, freemium, pay-to-unlock, and in-dApp-purchase models. Onboarding becomes seamless.
- PolkaID — An off-chain service that encrypts a user’s key, splits it into parts, then distributes the keys to multiple independent and secure key management services. This shifts the burden of keeping keys from users, while still preventing illegal access from any single central authority.
Regarding the partnership, Thi Truong, CEO & Co-founder at PolkaFoundry said
“The partnership with MANTRA DAO will help in integrating smart DeFi services into the Polkadot ecosystem, thus powering developers with increased functionalities. As WEB3 evolves, interoperability and scalability play an important role in massive adoption. PolkaFoundry and MANTRA DAO will synergize on the various front to push DeFi adoption”
John Patrick, council member and co-founder of MANTRA DAO added
“As a Polkadot first platform, we have been studying the Polkadot ecosystem very closely to understand the intricacies of the Substrate network which has been resource intensive to say the least. PolkaFoundry has been a game-changer for us in regards to simplifying the development process. Working with them will not only speed up our development efforts but also gives us new access to meaningful tools that allow us to drastically expand on our goals for Polkadot. Above all, we’re very excited about this multi-faceted collaboration with PolkaFoundry as we’ll be a staking, lending, and integration partner!”
With Polkadot & Kusama’s Substrate testnets scheduled to be available sometime in Q2 2021, we are eager to continue our Substrate development efforts now in conjunction with an incredibly strong team such as PolkaFoundry’s. Stay tuned for more updates Sherpas!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Building on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn | Github
About PolkaFoundry
PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain blockchain.
