MANTRA DAO looks to the Cosmos with its new ATOM Validator
The Cosmos community can now stake ATOM on MANTRA DAO’s validator to earn OM rewards
MANTRA DAO has activated its Cosmos validator in preparation for the rollout of OM rewards to MANTRA validators. Delegate now to earn OM as soon as we go live with this innovative new way of distributing OM tokens.
Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. An ecosystem of blockchains that can scale and interoperate with each other. Cosmos solves these problems with a new technical vision. In order to understand this vision we need to go back to the fundamentals of blockchain technology.
Read more below to find out about the rollout of delegator rewards denominated in OM tokens!
Phase 1 — Initially, users will be able to delegate their ATOM tokens to the MANTRA DAO Validator through existing COSMOS ecosystem wallets and delegation interfaces in order to earn ATOM rewards.
Phase 2 — Users will be able to delegate their ATOM to the MANTRA DAO Validator through the MANTRA DAO App, as well as existing COSMOS ecosystem wallets and delegation interfaces in order to earn ATOM rewards.
Phase 3 — Users will be able to delegate their ATOM to the MANTRA DAO Validator through the MANTRA DAO App, as well as existing COSMOS ecosystem wallets and delegation interfaces in order to earn both ATOM and additional OM rewards.
Essentials to stake ATOM
MANTRA DAO validator address:
There is a 21-day unbonding process for staked ATOM during which time the delegator’s ATOM do not earn rewards and cannot be transferred, exchanged or spent. ATOM can however be slashed during the unbonding period.
Delegation is non-custodial and delegates cannot spend your ATOM.
Cosmostation (web wallet and mobile)
MANTRA DAO Validator
For more details click here.
Self-bonded Amount: 88
MANTRA DAO & Cosmos Moving Forward
Initially, OM rewards will not be earned by delegating your ATOM to the MANTRA DAO validator. However, remember that each and every OM token holder is a direct beneficiary of the assets held by the DAO. As the assets in the DAO accumulate, more returns are earned. Those returns will go directly into rewards on our other products like MANTRA Pool.
It is our aim to be a top-5 validator on every blockchain we work with. We want to do more than just secure the blockchain. We want to help ATOM build the future of interoperability within the Cosmos!
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.