MANTRA Weekly Review #59

MANTRA
3 min readSep 16, 2022

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Executive Summary:

  • MANTRA was a Gold Sponsor at Digital Asset Summit: NYC 2022 held on September 13 and 14, 2022 by Blockworks. Our Co-Founder Will Corkin also shared his thoughts on “Real World DeFi Use Cases” in a captivating panel at the event.
  • The total number of OM holders, as well as the total number of OM stakers across all chains, continue to increase steadily (+32% and +153% respectively, since July 2021).
  • An additional 4.7M OM has been staked to OM Naked Staking on ETH.
  • This week’s highest APY comes from OM/BNB LP Staking on ETH (54.71%).
  • Furthermore, we continue to see a clear trend towards migration to our pools on BSC and Polygon.
  • Overall, we have provided $618K USD and 86.58 ETH in MANTRA POOL rewards to our OMazing community.

“Real World DeFi Use Cases” Panel featuring Will Corkin

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

Staking

No. of OM stakers

  • 2,281 (ETH naked staking) ( — 4 / — 0.18%)
  • 69 (ETH LP staking) ( — / — )
  • 731 (BSC naked staking) ( + 5 / + 0.69% )
  • 60 (BSC LP staking) ( — / — )
  • 364 (Polygon naked staking) ( + 6 / + 1.68% )
  • 29 (Polygon LP staking) ( + 1 / + 3.57% )

ETH — Naked Staking

  • 79.04M OM ( + 4.73M / + 6.37% ) — USD $3.71M ( + 0.22M / + 6.3% )

ETH LP Staking

  • 4.82M OM ( — 0.05M / — 1.03% ) — USD $0.23M ( — / — )

BSC Naked Staking

  • 13.16M OM ( — 0.15M / — 1.13% ) — USD $0.62M ( — 0.01M / — 1.59% )

BSC LP Staking

  • 1.87M OM ( — 0.47M / — 20.09% ) — USD $90K ( — 0.02M / — 18.18% )

Polygon Naked Staking

  • 17.04M OM ( — 0.08M / — 0.47%) — USD $0.8M ( — / — )

Polygon LP Staking

  • 2.49M OM ( — 0.24M / — 8.79% ) — USD $120K ( — 0.01M / — 7.69% )

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 — 351 ( — 5 / — 1.4% )
  • $2.19M worth ( — 0.19M / — 7.98% )
  • 50.31M OM ( — 0.02M / — 0.04% )

MANTRA POOL STATS

Accumulative stats since our naissance

  • Total OM spent on MANTRA Pool on both ETH, BSC and Polygon: 4.94M OM (ETH: 1.3M; BSC: 2M; Polygon: 1.66M)
  • Total rewards provided: USD $617,500 + 86.58 ETH

TVL -

  • USD $39.15M ( — 1.82M / — 4.44%)
  • ETH — USD $33.51M ( — 1.37M / — 3.93%)
  • BSC — USD $4.64M ( — 0.41M / — 8.12%)
  • Polygon — USD $1M ( — 0.04M / — 3.85%)

Validator Operations

  • USD $14M worth of Assets under Delegation ( + 2M / + 17% )
  • Revenue from Nodes this week: 8K ( — / — )

Buyback stats

About MANTRA

MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem. The MANTRA OMniverse encompasses the DAO; MANTRA Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management and white-label validator operations; MANTRA Chain: a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance: a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance.

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MANTRA

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