New MANTRA DAO Staking For Dragonbite
New MANTRA DAO Staking for Dragonbite’s BITE/ETH LP pool goes live today.
The BITE/ETH LP staking pool will be launched with a tollbooth mechanism, with the toll starting at 60% for the first 7 days, and then decreasing on a weekly basis until it reaches 0% after day 63 since the pool’s launch (roughly 9 weeks).
The pool launches for staking on July 13th, and remains open for about 6 days or until July 19th. No more staking will be possible after the pool is closed.
A total of 1,400,000 BITE tokens will be distributed to LP tokens stakers in this pool throughout the 9 week “toll” period.
Claiming of rewards will kick off an 8 day time lock, after which rewards can be withdrawn.
Dragonbite will be running a lottery for various prizes, including a Ferrari California!
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 DragonBite
DragonBite is a decentralized ecosystem that puts the power of the cryptocurrency market into the hands of its users. DragonBite offers various products and services, catering to almost every aspect of the cryptocurrency economy, including a digital wallet, a cryptocurrency exchange, loyalty redemption points, discounts/purchases with crypto, and more. Using the DragonBite application, users gain access to every feature they could need within the cryptocurrency market.
