MANTRA DAO Weekly Review #31

MANTRA
4 min readFeb 25, 2022

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Executive Summary:

  • The total number of OM holders, as well as the total number of OM stakers across all chains, continue to increase steadily (+27% and + 155% respectively, since July 2021).
  • An additional 200K+ OM each has been staked into our ETH Naked and LP Staking Pools.
  • This week’s highest APYs come from QUICK OM/ETH (59.67%) Staking and ROOK ZENTEREST (5,565%).
  • Furthermore, we continue to see a clear trend towards migration to our pools on BSC and Polygon.
  • As usual, our validators continue to create profit for our community.
  • Overall, we have provided 396K USD and 86.58 ETH in MANTRA Pool rewards to our amazing community.
  • ATOM Validator Commission has increased from 0% to 2% for Airdrop eligibility.

Validator Update

  • Commission rates — ATOM: from 0% to 2%

OM holders on ETH, Polygon and BSC —
Token holder stats -

Staking

No. of OM stakers

  • 2,414 (ETH naked staking) ( — 3 / — 0.12% )
  • 79 (ETH LP staking) ( — / — )
  • 644 (BSC naked staking) ( — 3 / — 0.46% )
  • 73 (BSC LP staking) ( — / — )
  • 328 (Polygon naked staking) ( — / — )
  • 26 (Polygon LP staking) ( — 1 / — 3.7%)

ETH — Naked Staking

  • 37.73M OM ( + 0.23M / + 0.61% ) — USD $2.85M ( — 0.7M / — 19.72% )

ETH LP Staking

  • 5.01M OM ( + 0.32M / + 6.82% ) — USD $0.38M ( — 0.06M / — 13.64% )

BSC Naked Staking

  • 12.69M OM ( — 0.29M / — 2.23%) — USD $0.96M ( — 0.27M / — 21.95% )

BSC LP Staking

  • 1.84M OM ( + 0.12M / + 6.98% ) — USD $140K ( — 0.02M / — 12.5% )

Polygon Naked Staking

  • 9.17M OM ( + 0.12M / + 1.33% ) — USD $0.69M ( — 0.17M / — 19.77% )

Polygon LP Staking

  • 1.82M OM ( + 0.06M / + 3.41% ) — USD $140K ( — 0.03M / — 17.65% )

ZENTEREST
The trend of moving supply from ZENTEREST to be staked in our new pools on Polygon and BSC continues (see the table at the end for current APYs)

  • No. of zenOM holders — 392 ( — 3 / — 0.76%)
  • $3.25M worth ( — 0.82M / — 20.15% )
  • 43.05M OM ( — 0.24M / — 0.55%)

Top 5 Highest zenTOKEN & MANTRA Products — Current Variable APY:

MANTRA POOL STATS

Rewards

  • 6,000 BUSD — BSC
  • 6,000 USDT — Polygon

Number of entries

  • 41,907 OM spent — BSC
  • 39,685 OM spent — Polygon

Accumulative stats since our naissance

  • Total OM spent on MANTRA Pool on both ETH, BSC and Polygon: 2.5M OM (ETH: 1.3M; BSC: 0.7M; Polygon: 0.4M)
  • Total rewards provided: USD $395,500 + 86.58 ETH

TVL -

  • USD $41.64M ( — 7.99M / — 16.1% )
  • ETH — USD $33.4M ( — 4.68M / — 12.29% )
  • BSC — USD $6.35M ( — 2.69M / — 29.76% )
  • Polygon — USD $1.89M ( — 0.63M / — 25% )

Validator Operations

  • USD $171M worth of Assets under Delegation ( + 3M / + 1.79% )
  • Revenue from Nodes this week: 45K ( — 2K / — 4.26% )

Buyback stats

About MANTRA DAO

MANTRA DAO is a community-governed DeFi ecosystem focusing on cross-chain DeFi products. MANTRA DAO has built a suite of DeFi services including a multi-asset staking platform, money market lending protocol, gamified rewards pool, and token issuance launchpad. The suite is natively built on Ethereum, with cross-chain products currently on Binance Smart Chain, Polygon, Solana, Terra, and are currently working on launching these services on HECO, Polkadot and our own native MANTRA Chain in the near future.

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MANTRA

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