MANTRA DAO Weekly Review #36

MANTRA
4 min readApr 1, 2022

Executive Summary:

  • The total number of OM holders, as well as the total number of OM stakers across all chains, continue to increase steadily (+28% and +155% respectively, since July 2021).
  • An additional 0.3M OM has been supplied into ETH LP Staking and Polygon Naked Staking.
  • This week’s highest APY comes from Staking OM/WETH on Polygon (61.41%).
  • Furthermore, we continue to see a clear trend towards migration to our pools on BSC and Polygon.
  • Overall, we have provided $456K USD and 86.58 ETH in MANTRA POOL rewards to our amazing community.

Delegation Rewards

Delegator rewards emissions are set at 1 million $OM per month and have been adjusted to the following:

  • NEW POLYGON validator node delegation — 500,000 $OM per month
  • COSMOS validator node delegation — 400,000 $OM per month
  • DOT validator node delegation — 50,000 $OM per month
  • KSM validator node delegation- 50,000 $OM per month

OM holders on ETH, Polygon and BSC —
Token holder stats -

Staking

No. of OM stakers

  • 2,398 (ETH naked staking) ( + 3 / + 0.13% )
  • 77 (ETH LP staking) ( — / — )
  • 656 (BSC naked staking) ( + 2 / + 0.31% )
  • 68 (BSC LP staking) ( — 1 / — 1.45%)
  • 335 (Polygon naked staking) ( + 4 / + 1.21%)
  • 26 (Polygon LP staking) ( — 1 / — 3.7% )

ETH — Naked Staking

  • 38.31M OM ( + 0.12M / + 0.31% ) — USD $3.26M ( + 0.12M / + 3.82% )

ETH LP Staking

  • 5.51M OM ( + 0.3M / + 5.76% ) — USD $0.47M ( + 0.04M / + 9.3% )

BSC Naked Staking

  • 13.5M OM ( — 0.3M / — 2.17%) — USD $1.15M ( + 0.01M / + 0.88% )

BSC LP Staking

  • 1.97M OM ( + 0.03M / + 1.55% ) — USD $170K ( + 0.01M / + 6.25% )

Polygon Naked Staking

  • 10.93M OM ( + 0.3M / + 2.82% ) — USD $0.93M ( + 0.06M / + 6.9% )

Polygon LP Staking

  • 1.84M OM ( — 0.13M / — 6.6% ) — USD $160K ( — / — )

ZENTEREST
The trend of moving supply from ZENTEREST to be staked in our new pools on Polygon and BSC continues (see the table at the end for current APYs)

  • No. of zenOM holders — 387 ( — 1 / — 0.26% )
  • $4.01M worth ( + 0.17M / + 4.43% )
  • 46.82M OM ( — 0.03M / — 0.06% )

Top 5 Highest zenTOKEN & MANTRA Products — Current Variable APY:

MANTRA POOL STATS

Rewards

  • 6,000 BUSD — BSC
  • 6,000 USDT — Polygon

Number of entries

  • 50,768 OM spent — BSC
  • 49,438 OM spent — Polygon

Accumulative stats since our naissance

  • Total OM spent on MANTRA Pool on both ETH, BSC and Polygon: 2.95M OM (ETH: 1.3M; BSC: 1M; Polygon: 0.7M)
  • Total rewards provided: USD $455,500 + 86.58 ETH

TVL -

  • USD $59.44M ( + 3.27M / + 5.82% )
  • ETH — USD $47.14M ( + 3.72M / + 8.57% )
  • BSC — USD $10.78M ( — 0.42M / — 3.75% )
  • Polygon — USD $1.53M ( — 0.02M / — 1.29% )

Validator Operations

  • USD $311M worth of Assets under Delegation ( + 11M / + 3.67% )
  • Revenue from Nodes this week: 44K ( — 9K / — 16.98% )

Buyback stats

About MANTRA DAO

MANTRA DAO is a community-governed DeFi ecosystem focusing on cross-chain DeFi products. MANTRA DAO has built a suite of DeFi services including a multi-asset staking platform, money market lending protocol, gamified rewards pool, and token issuance launchpad. The suite is natively built on Ethereum, with cross-chain products currently on Binance Smart Chain, Polygon, Solana, Terra, and are currently working on launching these services on HECO, Polkadot and our own native MANTRA Chain in the near future.

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MANTRA

Unlocking the $16 Trillion RWA economy with a regulation-ready blockchain.