Mar 4, 2021
MANTRA DAO Expand Strategic Collaboration with Fuse by Launching Liquidity Pool and Rewards on FuseSwap
OM/USDC pool on FuseSwap begins Saturday, March 6th at 3 pm UTC.
As the decentralized finance (DeFi) space matures, many projects including MANTRA DAO and Fuse are continuing to improve the DeFi infrastructure by making our services easier and cheaper to use!
In our commitment to integrate our services, we will be introducing to Fuse’s native DEX FuseSwap, an OM/USDC pool, and will provide initial liquidity and OM token rewards. Our main objective at this stage of its development is to provide support for FuseSwap by boosting the trading volume and available liquidity on their platform.
FuseSwap OM pool details
- Program Starting: Saturday 6th March at 3 pm UTC.
- Duration: 1-month.
- Swapping Pair: OM/USD.
- Total Rewards for LPs: 35,000 FUSE.
- DEX: FuseSwap
- Platform: Fuse Network.
MANTRA DAO will contribute $25,000 worth of each of the USDC and OM tokens to the pool to form the initial liquidity and jumpstart trading.
Fuse will, in its turn, run a Liquidity Mining program for the pool, launching on Saturday, March 6. As part of the program, users who will provide additional liquidity to the pool will be able to collect $5,000 worth of liquidity mining rewards in FUSE tokens in addition to their share of the trading fees.
At a later date, Fuse and MANTRA DAO are planning to conduct a dual reward liquidity mining program in which liquidity providers will be eligible to payouts in both FUSE and OM tokens.
Stay tuned for our future announcements!
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 Fuse
Fuse was founded in 2019 with a mission to bring the power of mobile payments to communities around the world. With Fuse, anyone can launch and manage these new networks, empowered by simple, easy to use tools. A highly-skilled, diverse team of blockchain and web–based technology experts has been assembled in order to execute on our ambitious vision of putting truly democratized and borderless money into the hands of millions.
