For those Sherpas that missed Mantra’s most recent YouTube AMA, HeliSwap is a joint effort between MANTRA and one of their  long-time close partners, LimeChain. Both teams have received separate grants from The Hedera Foundation (THF) to bring HeliSwap to life. This partnership aims to make HeliSwap the preferred DEX and DAO on the Hedera network. A sleek and intuitive dApp which supports swaps between HTS, ERC-20s and HBAR is definitely something to watch out for.

HeliSwap is planned to go live early in October 2022 with features like Swaps, Liquidity pools and highly attractive Yield Farms.

MANTRA Core Proposal

Along with the announcement for HeliSwap being their first grant applicant, they will also begin introducing “Core Proposals” as part of MANTRA’s new governance updates, which distinguish themselves from “Open Proposals” in that they are proposed with a quorum of 51% of Governing Council members’ endorsements.

The introduction of Core Proposals are part of our updates to the decentralized checks and balances to maintain a governance system that keeps the open and inclusive nature of MANTRA’s voting processes with MANTRA’s initiatives. With Core Proposals, the MANTRA Core Team can focus on high impact proposals while keeping avenues open for the community’s feedback and voices to be heard.

HeliSwap Grant Proposals

Proposal #1

To vote on HeliSwap Grant Proposal #1, go to their Snapshot Proposal here.

Proposal #2

To vote on HeliSwap Grant Proposal #2, go to their Snapshot Proposal here.

Grant parameters put forth by the MANTRA Governing Council are subject to change based on Sherpas’ feedback, including allocated grant amounts for each project.

Looking Ahead

Over the coming weeks, Mantra will be introducing more upcoming Core Proposals during their current Season 0 of MANTRA grants program where the Governing Council will introduce some of the potential projects and partners we think provide immense value to MANTRA’s network and the OMniverse.

SOURCE:

https://www.mantra.finance/news/mantra-kicks-off-grants-program-with-heliswap

The post MANTRA Kicks Off Grants Program appeared first on Smart Liquidity Research.

As Binance Staking has launched $OM Locked Staking. Mantra Partners with Binance, Sherpas can now stake their $OM to earn multiple mouth-watering rewards.

Promotion 1: Deposit and Stake $OM to Earn Up to 48.67% APR

Period: 2022–08–18 11:00 (UTC) to 2022–08–28 11:59 (UTC)

• Locked Staking Format: First-come, first-served basis.
• Reward Calculation Period: From 00:00 (UTC) on the day after you add your cryptocurrency to a staking pool, until the end of the staking period.
• Reward Payout Time: On a daily basis.
• Digital Asset: $OM
• Duration: 10 Days
• Maximum Locked Staking Limit Per User: 600 $OM
• Standard Annualized Interest Rate: 48.67%
• Minimum Locked Staking Limit Per User: 0.01 $OM

Promotion 2: Buy & Stake $OM to Share 150,000 $OM

Period: 2022–08–18 11:00 (UTC) to 2022–08–28 11:59 (UTC)

During the promotion period, Sherpas who fulfill all the below given requirements will be eligible to participate in this promotion:

• Attain a net purchase amount of 4,200 $OM or more (where net purchase amount means the total amount of $OM purchased on Binance Spot minus the amount of $OM sold on Binance Spot).
• Participate in 30, 60, or 120 days of $OM Locked Staking.

For this promotion, 500 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value to each receive 300 $OM tokens.

Promotion 3: New Locked Staking Users to Share 150,000 $OM

Period: 2022–08–18 11:00 (UTC) to 2022–08–28 11:59 (UTC)

During the promotion period, the first 2,000 users who participate in Locked Staking for the first time and subscribe to a minimum of 2,600 $OM in $OM Locked Staking products, will be eligible to share 150,000 $OM in rewards based on the reward structure below.

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.

Website | Twitter

About Binance

BNB is the native asset on Binance Chain, a blockchain software system developed by Binance and the community. BNB has multiple forms of utility and powers the Binance Ecosystem as its underlying gas.

Website | Twitter

SOURCE:

https://mantraomniverse.medium.com/stake-om-on-binance-to-earn-up-to-48-67-apr-and-share-300-000-om-863886acb745

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