MANTRA DAO Core Proposal: Boosting Rewards on MANTRA Finance

Greetings Sherpas! As we continue our staking migration to the new MANTRA Finance platform, we are thrilled to share a significant milestone. The MANTRA Finance staking platform(1) has experienced an extraordinary surge, with a remarkable 160% increase in staked OM tokens in just a few weeks. This impressive achievement is a testament to our collective strength and commitment to building a robust and flourishing ecosystem.

To further enhance the rewards and incentives for our valued Sherpas, we propose a strategic adjustment to the staking rewards on MANTRA Finance.

Reasons for Proposal:

This proposal aims to solidify our position as a leading decentralized finance (DeFi) platform and to express our gratitude to the community for their unwavering support.

Proposal Summary:

We propose a targeted increase in staking rewards on MANTRA Finance to amplify the benefits for our Sherpas. As such, we would like to increase the staking rewards for all three OM single-asset staking pools by 20%.

Affected Pools:

OM on ETH OM on POLYGON OM on BSC

Details:

The 20% increase in rewards, in technical terms, means that the “per second reward” of each staking pool on MANTRA Finance will be increased by 20%. Please be advised that overall APR may vary for each pool, as it is a dependent variable of the ”per second reward” and total value locked.

If this proposal is accepted by the community, the rewards increase will take effect within 24 hours of the approval and last until further notice.

This proposal is related to the new MANTRA Finance pools only and does not apply to the legacy pools on app.mantradao.com

Councils Comments:

Together, we've achieved remarkable growth, and this proposal is a testament to our commitment to shared success. Let's continue to climb new heights as we empower each Sherpa within the MANTRA DAO community. Your voice matters, and together, we will shape the future of decentralized finance. Thank you for being an integral part of MANTRA DAO's journey!

Sincerely, Your MANTRA Council

This proposal will run for 7 days (168 hours) commencing at 11AM UTC on January 25th, 2024 and ending at 11 AM UTC on February 1st, 2024. The changes specified will start taking within 24 hours after approval.

(1) Note that MANTRA Staking is provided by our affiliate MD Digital.