Mantra Dao is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC) that aims to provide users with a range of financial products and services. The platform's mission is to make DeFi accessible to everyone by providing easy-to-use and cost-effective financial tools.
Mantra Dao's products and services include a decentralized lending and borrowing platform, a yield optimizer, a staking platform, and a governance platform. The lending and borrowing platform allows users to borrow and lend various cryptocurrencies, while the yield optimizer optimizes users' yield by automatically shifting funds between different protocols to maximize returns.
The staking platform allows users to stake their cryptocurrencies and earn rewards, while the governance platform enables Mantra Dao users to participate in the decision-making process for the development of the platform. The platform's native token is called OM, which is used as a governance token and a means of payment within the Mantra Dao ecosystem.
Mantra Dao aims to provide financial services to underbanked populations by offering low fees and easy-to-use financial tools. The platform has also formed partnerships with other DeFi projects and companies, such as Binance, Terra, and Injective Protocol.
However, as with any DeFi platform, there are risks associated with using Mantra Dao, such as smart contract vulnerabilities and market volatility. Users should conduct their own research and evaluation of the platform before using it, and they should only invest funds that they can afford to lose.