- Cryptocurrency enthusiasts are buzzing after the latest developments in the DeFi sector.
- MANTRA, a prominent name in DeFi, has witnessed substantial increases in the staking of its token, $OM, following its recent collaboration with Ondo Finance.
- Building further credibility, MANTRA’s partnership with Ondo Finance is driving enthusiasm and confidence among investors.
Discover how MANTRA’s strategic moves in the DeFi domain and its partnership with Ondo Finance are energizing the market and increasing investor participation.
Surge in $OM Staking Activity
Since announcing the partnership with Ondo Finance, the volume of staked $OM tokens has soared dramatically. To date, over 180 million $OM tokens, valued at upwards of $150 million, are committed to staking. This marks a significant rise, exceeding 40%, highlighting the growing investor confidence and participation within the DeFi ecosystem.
Key Drivers Behind the Growth
The recent spike in $OM staking is likely attributed to several compelling factors:
- Enhanced Staking Incentives: The protocol’s promise of a 35% bonus on staking rewards until the mainnet launch creates strong incentives for long-term holding.
- Rapid RWA Market Expansion: As the market for Real-World Asset (RWA) tokenization flourishes, $OM stands out as a key player attracting investors keen to capitalize on this growth.
- Confidence from Ondo Partnership: The Ondo Finance partnership has bolstered trust in MANTRA’s future, bringing innovations such as:
- New horizons for RWA tokenization and DeFi advancements.
- Integration of Ondo’s USDY vault, which offers exposure to short-term US Treasuries while maintaining stablecoin functionality. With a current TVL of $450 million, this development is drawing significant investor interest, likely increasing MANTRA’s total value locked (TVL).
Beyond the immediate staking rewards, $OM stakers are also eligible for an airdrop of $SOMA tokens, adding another layer of attractiveness to the investment. As the MANTRA ecosystem’s governance token, $SOMA offers voting rights and potential future benefits for holders.
Conclusion
The impressive rise in $OM staking activity reflects robust investor confidence bolstered by the booming RWA market, MANTRA’s effective implementation of strategic partnerships, and attractive staking incentives. For those seeking long-term gains in the DeFi space, MANTRA presents an enticing opportunity supported by a solid foundation and promising future developments.
