MANTRA DAO EXPANDS RAZE PARTNERSHIP TO BRING NATIVE RAZE STAKING
After a busy month of mantradao their partnership as well as their ZENDIT launch with Raze, they will now be taking the next step and offering a $RAZE staking pool in their DeFi ecosystem to bring $RAZE token holders and the Raze community additional utility to their tokens!
You can now stake $RAZE in app.mantradao.com
To kick things off, they will be working with RAZE to give increased staking rewards for a target of 30%+ APR for the first month!
This $RAZE staking implementation is only the first step of the exciting plans their projects have together and it is also part of Raze’s DAO governance.
The $RAZE staking pool will go live on April 23rd, roughly 10 AM UTC, and begins accruing rewards 24 hours after the pool is launched.
Roughly 1.8 $RAZE per block for the first month, will be distributed and unstaking takes an 8 day unlocking period or 2% fee for immediate unstaking.
You can find their official staked RAZE (sRAZE) staking contract here: (coming soon)
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.
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