Jan 7, 2021
MANTRA DAO Brings KardiaChain to Our Validator Rewards Program
Our KAI Validator Node is Now Available to Delegate to and Soon Earn OM Rewards!
Following our announcement of becoming a genesis validator for KardiaChain, MANTRA DAO is now actively running its validator node where Sherpas can delegate their KAI tokens to and will soon be able to earn enhanced OM rewards. As the blockchain ecosystem begins to enter into a new year, many projects are increasingly focused on interoperability. We at MANTRA DAO believe that KardiaChain shares many of the same beliefs on interoperability, and one can even say that we have made it our collective mantras!
Want to start off the year by putting your KAI to good use? Then read down below!
Staged Rollout
Phase 1 — Initially, users will be able to delegate their KAI tokens to the MANTRA DAO Validator through existing Kardiachain ecosystem wallets and delegation interfaces in order to earn KAI rewards.
Phase 2 — Users will be able to delegate their KAI to the MANTRA DAO Validator through the MANTRA DAO App, as well as existing KardiaChain ecosystem wallets and delegation interfaces in order to earn KAI rewards.
Phase 3 — Users will be able to delegate their KAI to the MANTRA DAO Validator through the MANTRA DAO App, as well as existing KardiaChain ecosystem wallets and delegation interfaces in order to earn both KAI and additional OM rewards!
Essentials to Stake KAI
MANTRA DAO validator address: 0x0E1A0310C5423674d471ba0978FF9BB14b283985
There is a 7-day unbonding process for staked KAI during which time the delegator’s KAI does not earn rewards and cannot be transferred, exchanged, or spent. KAI can, however, be slashed during the unbonding period.
Delegation is non-custodial and delegates cannot spend your KAI.
Wallets: KardiaChain Wallet (web wallet)
MANTRA DAO Validator: For more details click here.
Commission: 5%
Self-bonded Amount: 25,001
MANTRA DAO & KardiaChain Moving Forward
Initially, OM rewards will not be earned by delegating your KAI to the MANTRA DAO validator. However, remember that each and every OM token holder is a direct beneficiary of the assets held by the Foundation. As the assets in the Foundation accumulate, more returns are earned. Those returns will go directly into rewards on our other products like MANTRA POOL and our OM buyback program.
It is our aim to be a top-5 validator on every blockchain we work with. We want to do more than just secure the blockchain, we want to work to help build the future of interoperability with KardiaChain to create a more fair and inclusive financial ecosystem for the benefit of all!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn | Github
About KardiaChain
KardiaChain is a public blockchain focused on Interoperability, leading the race towards blockchain adoption in Vietnam by providing hybrid blockchain solutions/infrastructure for major enterprises and government bodies. The goal is to build a complete blockchain ecosystem for institutions by leveraging 3 main components: Gateway, Infrastructure, and Services.
