Step-by-step Guide on How to Deposit $USDC to Chakra Pool on MANTRA.ZONE and earn KARMA, $OM coins, $ONDO, and $USDY yield.

MANTRA
4 min readAug 21, 2024

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The Chakra Pool on MANTRA offers an opportunity that seamlessly blends eligibility for the MANTRA 50M $OM GenDrop, boosted rewards, and stable yields. This guide will walk you through the process of depositing $USDC into the Chakra Pool, allowing you to participate in the rewarding structure of the pool. By following these steps, you can earn KARMA, improve your position on the MANTRA Zone leaderboard, and secure your share of the 50M OM GenDrop, along with boosted rewards in $OM coins, $ONDO tokens, and stable yields in USDY backed by short-term US Treasuries. Let’s dive into the process of maximizing your rewards within the MANTRA ecosystem.

Step 1: Access the Chakra Pool

Begin by visiting https://mantra.zone/chakra-pool. Once on the site, locate the “ETH Mainnet Connect Wallet” button in the top right corner and click it.

Step 2: Connect Your Wallet

Select your preferred wallet from the available options. After selecting your wallet, grant the necessary permissions to connect it.

Step 3: Start the Deposit Process

Once your wallet is connected, click on the “Start Deposit” button. This will initiate the process of linking your wallets for rewards and bonuses on the MANTRA Mainnet.

Step 4: Connect Your MANTRA Wallet

Click on “Connect MANTRA Wallet.” Choose your MANTRA wallet (e.g., Keplr Wallet) and approve the required permissions. This action will link your wallets for reward eligibility.

Step 5: Link Your Wallets

After selecting your MANTRA wallet, click on “Link Wallets.” Ensure you read & mark the checkbox for “User Agreement” and click “Confirm” to proceed. A sign-in request will appear; click on “Sign-in” and approve it.

Step 6: Enter Your Deposit Amount

After linking your wallets, click “Proceed to Step 2” to move on to the next phase of the deposit process. Here, you’ll need to enter the amount of $USDC you wish to deposit into the Chakra Pool, then click “Start Deposit”.

Step 7: Approve the Contract

If required, again click on “Link Wallets” and mark the checkbox for “User Agreement” and confirm to proceed. Now, Click on “Approve contract” to initiate the contract approval process. Follow the prompts in your wallet (e.g., MetaMask) to confirm the transaction. This step may take some time to complete.

Step 8: Finish the Deposit

Once the contract is approved, click on “Proceed to Step 3: Invest.” In the pop-up, click on “Finish Deposit”. This will update your user allowance for the investment.

Step 9: Confirm Your Investment

Return to your wallet (here MetaMask) to confirm the investment transaction. Click “Confirm” to process the transaction.

Step 10: Complete Your Deposit

After the transaction is successfully completed, a pop-up will display your “Amount Invested.” 🎉 Congratulations! You have successfully deposited $USDC into the Chakra Pool.

About MANTRA

MANTRA is an Institutional-grade Layer 1 Blockchain for RWAs bringing World Finance Onchain. As a permissionless chain capable of adherence and enforcement of real world regulatory requirements, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

MANTRA — From Institutions to Individuals: Bringing Finance Onchain.

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MANTRA
MANTRA

Written by MANTRA

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

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