Mantra dao
DeFi is a crypto terminology which is defined as a decentralized Finance which refers to a collective system for digitally owned assets this include smart contracts, and decentralized applications (DeApp).
Mantra Dao is a DeFi platform which is decentralized and the ecosystem is based on intertextual technology and it is run by the users. The digital symbol is $OM, the users have full control and governance to engage or participate in the decision making process which determine the system parameters.
It is built on a Parity Substrate for the Polkadot ecosystem to support its financial products, MANTRA DAO uses Rio Chain, a Substrate-based blockchain that is higly secure, and also scalable, will connect to the Polkadot network.

Key Features of Mantra DAO

Staking
Lending
Governance
Borrow
Karma
OM Token

Staking

It is focus on decentralized and non-custodial staking, the users are able to securely stake a growing number of Polkadot ecosystem assets which include $OM, $KS
It makes safety a number one priority

Lending

Mantra Dao offers multiple lending choices which may include cross- chain, multi-asset loans .

Governance

Users have full control and ownership over the Mantra Dao ecosystem through voting and rights.

Borrow

Users can deposit any number of crypto assets as collateral get access to loans at low interest, It involves 3 major phase

Phase 1 – Open Source Lending Protocol

Phase 2 – Third-Party Lending Service Providers

Phase 3 – Own Proprietary Lending

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Karma
Just like the traditional credit score, the purpose of this, is to reward the users for their contributions to the ecosystem.



so many projects have evolved over the years with the aim of procuring visible solutions to underlying problems on the blockchain. Some of the most sought technologies in the cryptocurrency space include Interoperability and Distributed ledger technologies which ensures faster transactions, encompassing and transparent financial services that bring zero doubts in the minds of users and lovers of cryptocurrency while ensuring safety and anonymity

Recent projects have been unable to integrate these key features into the blockchain which has dried DeFi farther away from reaching its peak and taking the cryptocurrency space by storm.
There is a new protocol that brings a viable solution by incorporating interoperability and exible design between networks is called Polkadot. Polkadot Protocol provides a neutral ground where multiple blockchains can carry out thousands of transactions seamlessly with the speed of light thereby making data transfer rapid and easy. It ensures long-awaited improvements in blockchain such as scalability around the ecosystem.


Conclusion

Mantra DAO is a first of its kind in the many DeFi projects seeking to provide users with control over the activities . The issue with many other DAO is that voting participation is very low and also the their locked-up value is in the smart contracts.
Mantra DAO incentive model for governance participation means there is much greater chances that the development of the protocol will be based on the community influence and decisions.