MANTRA DAO- Explore The Decentralized World More Closely

If you are someone who is more inclined towards exploring the decentralized world, then we have a pretty valuable tool for you. Yes, you read that right. This new tool is named MANTRA DAO which allows you to explore the decentralized world in the best possible way. In short, this is a Decentralized Autonomous Organization that allows you to stake, lend, and enter the decentralized governance without any glitches.
It would not be wrong to say that MANTRA DAO is operational within the broader DeFi ecosystem. The main reason why it came into existence was to create a platform that is governed by the community and is a completely transparent platform that allows you to manage your crypto in a better way.

Why should you use Mantradao?

Well, there are some obvious reasons that make this platform the best choice for crypto traders to explore the decentralized market space. Here are those reasons why you might also find it a convenient platform to use:

  • Allows staking

    This is one of the biggest advantages that this platform comes with. The platform allows you to stake your crypto holdings allowing you to earn crypto rewards for the duration you stake them. This is one of the main reasons as it allows you to generate passive income.

  • Lend and Borrow

    Use the decentralized platforms to lend and borrow crypto assets. By using these options, users get the opportunity to earn interest on their crypto holdings or use their assets to take loans.

  • Stake Mantra(OM) tokens

    Mantra(OM) is the native token of MANTRA DAO that can be used for staking, voting, as well as earning rewards.

  • Transparent and Secure

    Since it is a Decentralized Autonomous Organization, MANTRA DAO puts its focus on security as well as transparency so that users do not have any doubt about anything related to the protocol allowing everyone to verify it.

How to use a Mantra wallet?

Wondering how to use Mantra DAO to its full potential? This section will guide you through the stepwise process of using the MANTRA DAO platform from the very beginning:

  • Make sure that you have installed the wallet that you wish to connect to
  • Following this, set up the wallet by following some easy prompts
  • Now, you must navigate to https://app.mantradao.com/
  • Further, choose your preferred wallet from the given options
  • After connecting the wallet, get some Mantra(OM) tokens by going to Binance or KuCoin
  • Then, you should transfer your OM tokens to your Mantra wallet

How to stake Mantra(OM) tokens?

MANTRA DAO allows you to stake your Mantra(OM) tokens by following some easy steps. Here is what you are supposed to do:

  • Make sure that you have funded your Mantra Wallet with OM tokens
  • From the Mantra Wallet interface, go to the "Staking" section
  • Now, choose the amount of OM tokens you'd like to stake
  • Then, you must confirm the staking transaction and monitor your staking rewards
  • You can also use the available options to lend and borrow crypto assets

Conclusion:

Users who believe in using a platform that is completely transparent should navigate to the "For traders" section on the https://www.mantrachain.io/ website. The Mantrachain platform will give you a deep insight into why people from all corners of the world want to use it. The MANTRA DAO platform is not only transparent but also focuses on enhanced user security by incorporating verification methods such as KYC and AML. And the best thing about this platform is that it gives on-chain staking coverage and insurance facilities to its users.