DeFi
MANTRA Launches $OM Liquidity Pool on Base, Expands DeFi Opportunities
MANTRA has successfully launched its first $OM liquidity pool (LP) on the basechain. Following approval, MANTRA worked quickly to integrate $OM into the basechain ecosystem.
The existing OM/ETH LP on Uniswap, which already has over $5 million in liquidity, enables seamless trading on Ethereum.
The deep liquidity of the OM/ETH pool is now reflected on the base chain with the new $OM pool on Uniswap. This new pool was seeded with 25% of the existing Uniswap LP on Ethereum, facilitating $OM swaps on the base chain with minimal slippage.
🌐🚀 #MANTRAThe first $OM The liquidity pool on the base is online. ⚡ After approval, Mantra started working to bring $OM to Base Chain. The OM/ETH Liquidity Pool (LP) on Uniswap already has over $5 million in liquidity, allowing you to trade freely on Ethereum.
🔍In the same way, they bring… pic.twitter.com/tL0jSpZ9mS
— Chioma Chukwurah ⚛️🥷⚔️ (@ChiomaChukwura2) July 4, 2024
Over the past eight hours, two new wallets have withdrawn a total of 12.922 million $OM (worth $10.79 million) from Binance. Wallet 0xD2A withdrew 4.758 million $OM (approximately $4.16 million), while wallet 0x95F withdrew 8.164 million $OM (approximately $6.63 million).
Over the last 8 hours, 2 new wallets have withdrawn a total of 12.922M $OM ($10.79 million) of #Binance
0xD2A withdrew 4.758M $OM (~$4.16M)
0x95F removed 8.164M $OM (~$6.63M)Addresses:https://t.co/kiK58IgzpLhttps://t.co/rln65d9TnJ pic.twitter.com/TjD2o0Ont8
— The Data Nerd (@OnchainDataNerd) July 4, 2024
MANTRA to tokenize Dubai-based developer’s real estate assets
In addition to these developments, MANTRA is set to tokenize real estate assets for Dubai-based developer MAG Group Holding. According to CoinDesk reports, MANTRA will tokenize $500 million worth of assets in multiple tranches, offering yields in the form of stablecoins and $OM tokens.
EXCLUSIVE: @MANTRA_Chain to tokenize Dubai-based developer’s real estate assets @maggroupholding. Mantra will tokenize $500 million worth of assets in multiple tranches, providing yields in the form of stablecoins and $OM. By @parikshitm899.https://t.co/PukLMNbTO0
— CoinDesk (@CoinDesk) July 3, 2024
These strategic moves by MANTRA underscore its commitment to expanding DeFi opportunities and providing robust liquidity options to $OM token holders.
The integration of $OM into the Base Chain and the tokenization of real estate assets demonstrates MANTRA’s innovative approach to enhancing the utility and value of its ecosystem. As the crypto space continues to evolve, MANTRA’s efforts to bring deep liquidity and tokenization of real-world assets position it as a significant player in the DeFi landscape.
Disclosure: This is not trading or investment advice. Always do your research before purchasing cryptocurrency or investing in any service.
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