MANTRA DAO Weekly Review #53

MANTRA
4 min readAug 5, 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 (+31% and +151% respectively, since July 2021).
  • An additional 600K OM has been staked into OM Naked Staking on BSC.
  • This week’s highest APY comes from LP Staking OM/ETH on ETH (65.4%).
  • Furthermore, we continue to see a clear trend towards migration to our pools on BSC and Polygon.
  • Overall, we have provided $606K USD and 86.58 ETH in MANTRA POOL rewards to our amazing community.

Delegator Rewards Update

  • Users who have delegated their $MATIC to our node this month (August 2022) will not be able to claim their $OM rewards next month (September 2022)
  • https://t.me/mantradaonews/1005

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

Staking

No. of OM stakers

  • 2,304 (ETH naked staking) ( — 6 / — 0.26%)
  • 72 (ETH LP staking) ( — 1 / — 1.37%)
  • 702 (BSC naked staking) ( + 6 / + 0.86% )
  • 61 (BSC LP staking) ( — / — )
  • 332 (Polygon naked staking) ( — 4 / — 1.19%)
  • 29 (Polygon LP staking) ( — / — )

ETH — Naked Staking

  • 73.08M OM ( — 0.29M / — 0.4%) — USD $4.05M ( + 0.35M / + 9.46% )

ETH LP Staking

  • 3.89M OM ( — 0.11M / — 2.75%) — USD $0.22M ( + 0.02M / + 10% )

BSC Naked Staking

  • 12.97M OM ( + 0.6M / + 4.85% ) — USD $0.72M ( + 0.1M / + 16.13% )

BSC LP Staking

  • 2.24M OM ( — 0.1M / — 4.27%) — USD $120K ( — / — )

Polygon Naked Staking

  • 17.59M OM ( + 0.14M / + 0.8% ) — USD $0.97M ( + 0.09M / + 10.23% )

Polygon LP Staking

  • 2.61M OM ( + 0.19M / + 7.85% ) — USD $140K ( + 0.02M / + 16.67% )

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 — 359 ( + 1 / + 0.28% )
  • $2.7M worth ( — 0.1M / — 3.71%)
  • 48.98M OM ( + 0.15M / + 0.31% )

MANTRA POOL STATS

Rewards

  • 3,000 BUSD — BSC
  • 3,000 USDT — Polygon

Number of entries

  • 43,252 OM spent — BSC
  • 41,627 OM spent — Polygon

Accumulative stats since our naissance

  • Total OM spent on MANTRA Pool on both ETH, BSC and Polygon: 4.76M OM (ETH: 1.3M; BSC: 1.9M; Polygon: 1.6M)
  • Total rewards provided: USD $605,500 + 86.58 ETH

TVL -

  • USD $42.27M ( + 7.93 / + 23.09% )
  • ETH — USD $36.07M ( + 7.13 / + 24.64% )
  • BSC — USD $4.98M ( + 0.69M / + 16.08% )
  • Polygon — USD $1.22M ( + 0.11M / + 9.91% )

Validator Operations

  • USD $19M worth of Assets under Delegation ( — 2M / — 9.5%)
  • Revenue from Nodes this week: 9K ( — / — )

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