Meet the team helping to develop MANTRA DAO’s DeFi platform that gives financial control back to the people to grow wealth together!
The MANTRA DAO team is excited to launch our Contributor Spotlight Series where we plan to share with our community more information on the incredible Contributors that we work with and learn why they are excited about MANTRA DAO and where they see the overall DeFi space growing to in the future. They have and continue to play an integral part in the development of the MANTRA DAO ecosystem, and we are excited to share them with you!
Our first Contributor Spotlight will be with Rodrigo Quan Miranda. Based in Hong Kong, Rodrigo is a former investment banker turned emerging technology entrepreneur. He is the founder of Moon Street Ventures, an emerging technology consulting and R&D company, as well as co-founder and CEO at Immutable Technologies Corp. (‘ITC’), a blockchain infrastructure provider. Prior to ITC, Rodrigo worked in investment banking at Willis Towers Watson Securities (‘WTWS’) in NYC and HK. Rodrigo received his B.A. in Economics from Amherst College in Amherst, Massachusetts, and is a passionate computer science student in his spare time.
Q: What do you find exciting about MANTRA DAO?
A: 2020 has been an exciting year for the crypto space, most recently with the explosion of yield farming with DeFi protocols, and with Proof of Stake blockchains gaining traction and several of them coming to fruition after several years in the making. Yet while both of these developments are great for crypto as a whole, the economic incentives underpinning these two crypto paradigms have thus far been mutually exclusive: crypto-users can either bond their assets to earn PoS rewards or stake them to earn DeFi yields, but they can’t do both at the same time. This raises a security concern with the PoS model, as PoS blockchains rely on token holders bonding their assets for block production and network security, yet the incentives to do so compete with earning yield with staked assets on several composable DeFi protocols at a time. What I find most exciting about MANTRA DAO is that it aligns both the security and the economic incentives of these models by transforming the PoS bonding mechanism into yet another composable “lego” piece of the DeFi stack.
Q: How are you contributing to the MANTRA DAO ecosystem?
A: Over the past three years, I have been fortunate to have been involved in the launch and development of several PoS and DPoS blockchains as part of the BlockSmith team. As a block producer, I have experienced first-hand the intricacies of effective network validation operations that marry both tech infrastructure and community building. As staking and infrastructure advisor for MANTRA DAO, I am leveraging the know-how I have picked up in my previous experiences to help devise a secure and effective staking operation, tailored specifically to each blockchain in which MANTRA DAO becomes a market participant.
Q: How do you see the future of DeFi?
A: I believe the future of DeFi lies in composability, not only vertically with layer 2+ protocols, but also horizontally with layer 1 inter-chain operability. As different blockchain ecosystems flourish and their communities mature with them, there will be a rising need for value to be freely transferable both vertically and horizontally. As part of the Polkadot and the broader open finance ecosystem, I see MANTRA DAO as one of the key projects that will enable this future of DeFi.
About MANTRA DAO:
MANTRA DAO is a community-governed DeFi platform focusing on staking, lending, and governance.
MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO focuses on staking and lending to give financial control back to the people to grow wealth together. Email us at contact@mantradao.com or learn more on our website and telegram channel!
