MANTRA DAO expands its ETH/OM liquidity pool to AMM DEX PlasmaSwap. This is good news for MANTRA DAO, which is popularly known as a top-notch community-governed staking and lending platform.
According to the official blog post, the MANTRA DAO ETH/OM liquidity pool officially went live on PlasmaSwap on March 8, 2021, at exactly 15:00 (UTC). According to the DeFi platform, it has been on the lookout for ways to improve its services. One major way to do this is to engage in meaningful partnerships with different blockchain platforms.
MANTRA DAO furthermore revealed that of all the decentralized tech platforms it accessed, PlasmaSwap topped the list. This is especially due to its reliable and efficient cross-chain DEXs. This, along with many more reasons, was behind MANTRA DAO’s decision to launch its ETH/OM liquidity pool.
— MΛNTRΛ DΛO (@MANTRADAO) March 8, 2021
ETH/OM Liquidity Pool Details
As previously stated, the liquidity pool went live on March 8, 2021, with swapping pair ETH/OM. In line with this, the community-governed DeFi platform contributed $25,000 worth of tokens to the liquidity pool to help “jump-start” trading on PlasmaSwap.
Well known in the DeFi space, PlasmaSwap is an ETH-based AMM and cross-chain DEX platform that is built on Plasma.Finance, which boasts of being compatible with all forms of Web 3 wallets. Plasma.Finance is also known as being completely decentralized with no backend at all. Also, all of the platform’s contracts have been audited by Certik.
The introduction of the ETH/OM liquidity pool will make it possible for users to earn OM token rewards. For now, the main focus is on improving the trading volume as well as the amount of available liquidity on the platform.
About MANTRA DAO and Plasma.Finance
MANTRA DAO is a community-governed DeFi platform with a major focus on staking, governance, and lending. Interestingly, the platform is built on the Parity blockchain network and aims to provide the masses with total control of their funds. MANTRA DAO is a staunch supporter of building a decentralized, transparent, and reliable web 3.0 ecosystem.
Plasma.Finance is popularly known as DeFi for the masses, and it is also known for its focus on ensuring a truly financial-inclusive world. The platform is currently operational in over 160 countries globally and provides payment and remittance services. Notably, PlasmaSwap is one of Plasma.Finance’s newest innovations aimed at completely disrupting the decentralized finance (DeFi) space.
At the time of publication, PPAY was trading at $0.238656, with a market cap of $31,082,837 and a 24-hour trading volume of $4,001,999.
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