MANTRA DAO Inks Long-Term Strategic Partnership with Bluzelle
Today, we are excited to announce that MANTRA DAO will integrate Bluzelle’s decentralized database (Bluzelle DB) into their future products, including their KARMA rating protocol. Besides that, MANTRA will also run a BLZ validator to contribute to the security of the network. BLZ token holders, in turn, can delegate to the MANTRA DAO validator node to earn inflationary rewards in BLZ and extra OM tokens from the DAO.
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Bluzelle’s dPoS database facilitates the storage of dApp data in a manner that realizes the underlying principles of decentralization, which aligns with MANTRA’s vision.
Building a better DeFi ecosystem means upholding the principles of decentralization as far as privacy and security is concerned, while also giving users access to accurate, up-to-date information. DeFi dApps will never make good on their vision of returning financial autonomy to users if they are minutes behind on price updates. Bluzelle’s data oracles enable DeFi dApps like MANTRA to access to historical price information and data points with great speed, reliability and security.
Regarding the partnership, MANTRA DAO Council Member JP Mullin commented,
“We are very excited to work with Bluzelle on multiple fronts in this partnership. Running a validator is just the tip of the iceberg, and we are extremely excited about integrating their new oracle product and their decentralized database within our products. We see this being particularly relevant to making sure our KARMA credit protocol remains as decentralized as possible.”
Bluzelle is also excited to work on this partnership with MANTRA DAO and pass on the benefits to our users.
“With MANTRA DAO we have a full ecosystem partner in that they are validators and users of both our database and oracle product. Their team has executed quickly in 2020 and are positioned well in the fastest growing parts of Defi. They are the ideal partners to grow with,” says Pavel Bains, CEO of Bluzelle.
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.