About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform making staking, lending, and governance more accessible than ever before. The market cap is $16,816,354 and the 24h volume is $3,624,435.
Staking MANTRA DAO
MANTRA DAO blockchain consensus is achieved via Nominated Proof of Stake. Investors can leverage their crypto via staking. Currently there is 1 option to earn passive income and staking rewards with your MANTRA DAO investment as outlined below.
Stake OM in Pre-Staking
- How to stake OM in the Smart Contract?
Currently, MANTRA DAO is in the Pre-Staking Phase before the official Mainnet Staking.
To start staking, head over to the official MANTRA DAO Staking Platform follow the instructions on the Dashboard.
You need to connect to the Platform via Metamask and simply confirm an Ethereum transaction from your wallet to stake.
You may Unstake your Rewards at any time without penalties. There is an 8 day Unstaking period you must wait before Withdrawing your Staked tokens.
- How to stake OM on Exchanges?
You can “pre-stake” the OM Token on participating exchanges such as Bitmax and Bithumb. Just deposit your tokens and follow the instructions on the dashboard.
On Bitmax there is an Unbonding Period of 8 days. If you want to unbond your tokens immediately, you would have to pay an 8.88% withdrawal unbonding fee.
- How much can i make staking MANTRA DAO OM?
The current Reward in the Pre-Staking Phase is fixed and is set for 88.88 % annualized for all participants.
10m OM tokens were released for funding the pre-staking program in total.
Together with the official mainnet release, there will be ~266M OM reserved for staking rewards (30% of the total supply).
The Rewards will be released following a non-linear decaying growth function starting on day 91 since TGE, such that a greater proportion of staking rewards will be unlocked on the early days and all staking reward tokens have been fully released by day 1,826 since TGE (roughly 5 years since TGE)
- What are the requirements for staking MANTRA DAO OM?
For Exchange Staking: You need at least 10 OM tokens and an account on Bitmax or Bithumb.
For Smart Contract Staking: You need
- Is there any risk staking MANTRA DAO OM?
For Exchange Staking: Besides the counterparty risk with participating exchanges there is no additional risk.
For Smart Contract Staking: Besides the smart contract risk there is no additional risk. The Contract has been formally audited.