MANTRA Core Proposal: MANTRA Finance Grant

MANTRA is thrilled to be launching the first rendition of MANTRA Finance, a key stack of the OMniverse that has been under development for the past several months. The platform offers institutional-grade security, compliance and democratized access that will enable users to take control of their investments and financial future.

MANTRA DAO continues to lead our grants program and facilitate MANTRA’s ecosystem expansion. We are proposing the following grant from MANTRA DAO to support the launch and continued development of MANTRA Finance.

Project Summary: MANTRA Finance (MF) is a compliant and regulatory-friendly platform that offers next-generation DeFi products for both institutional and individual retail investors. MF is set to debut a number of yield-bearing DeFi products, MANTRA Vaults, as its initial offering, followed by the launch of a Central Limit Order Book (CLOB) DEX that will offer swap functionalities, as well as advanced trading orders for a variety of tokenized assets.

To learn more about MANTRA Finance, visit the website at: https://www.mantra.finance/

Amounts of Funds Requested: 30 million OM Tokens

Grant Allocation Breakdown:

• 2 x Frontend Developers
• 1 x Backend Developer
• 1 x Blockchain Developer
• 1 x QA (Quality Assurance)
• 1 x UI/UX Designer
• Marketing expenses
• Legal and compliance expenses

Grant Allocation Schedule: 6 million $OM will be allocated towards the launch of MANTRA Finance in March 2023.

An additional 4 million $OM per month will be allocated over the following 6 months to support the platform’s ongoing marketing, development and operational costs.

Comments: The MANTRA DAO Foundation is excited at the opportunity to support the next chapter of MANTRA’s journey by reinforcing the ongoing development of a platform that puts innovation first with a strong focus on transparency, security and trust, which will continue to offer DeFi products to the Sherpa community and beyond.

MANTRA Finance is always looking for new ways to drive value back to $OM holders and expand the MANTRA ecosystem.

We will run this proposal for 5 days (120 hours) commencing at 9 AM UTC on the 9th of March 2023, and will have the proposal take effect immediately at 9 AM UTC on the 14th of March 2023 should the proposal pass.