MantraDAO is a community-managed DeFi platform focusing on mortgage, lending and cross-chain DeFi products. MantraDAO has built a SET of DeFi products, including a multi-asset collateral platform, money market lending agreements, game lottery pools and stablesoin minting agreements. The suite is currently built on Ethereum, but cross-chain products for Binance Smart Chain, Polygon and Polkadot will also be developed in the future.
MantraDAO is built on an ecosystem of Rio chain in RioDeFi, a blockchain fintech company that has developed a digital infrastructure called Rio Chain. It is the next generation of blockchain based on Parity Substrate. It can be seen from the industry status quo that the traditional financial system has many disadvantages, such as high loan interest, low savings rate, opaque management and lack of accessibility. Therefore, DeFi, as a new industry, aims to solve the disadvantages of the traditional industry. At the same time, a greater degree of resource integration is needed.
Behind the MantraDAO project is a foundation called MantraDAO Foundation. It is composed of block chain experts, both in business and technical level has a wealth of industry < a href = "https://www.blockvalue.com/jingyan/" target = "_blank" rel = "noopener" > < u > experience < / u > < / a >. John Patrick Mullin and Will Corkin are also ambassadors for Boca. JP Mullin used to work in traditional finance, researching fintech and blockchain for Guotai Junan Securities, one of China's largest investment banks. John has been active in the blockchain industry since 2015 and joined the crypto industry full-time in 2017. In 2018, he moved to Hong Kong to help and set up a cryptocurrency exchange and consulting firm, and then opened the Hong Kong office of a company with a U.S. securities brokerage license that holds the sole SEC license to issue digital securities. He then joined the RioDeFi team as a consultant and has recently been focusing on building and releasing MantraDAO. As a DeFi DAO focuses on pledging, lending, and governance. In addition to JP Mulin, MantraDAO team also includes Will Corkin, James Anderson and other industry leaders, who jointly support half of MantraDAO technology and marketing team. Everyone shines in their respective fields and creates a new MantraDAO ecosystem together!
The mission of the MantraDAO Foundation is to guide the growth of the MantraDAO ecosystem and drive the organization towards decentralization. We currently believe in such teams and projects, and can't wait to launch such great projects! This will be a dark horse in the post-DefI era, leading the next wave of Bull bear climax.