Binance has officially joined Mantra's validator set, marking a significant step toward enhancing network security and governance. This partnership coincides with Mantra's expanding partnerships and initiatives.
Binance Joins Mantra
Mantra has welcomed Binance into its validator set, which symbolizes an important milestone in improving security and governance of the network. This collaboration allows users to enjoy attractive rewards, including up to 29.9% APR on OM locked products through Binance Simple Earn until the end of August.
Mantra's Partnerships and Innovations
This partnership follows Mantra's recent efforts to diversify its validator pool by onboarding trusted external partners such as Nansen, Google Cloud, and Hex Trust. Additionally, Mantra has announced a collaboration with Inveniam to build a global institutional RWA ecosystem centered in the UAE and the U.S.
Market Dynamics of OM Token
Despite Binance's involvement, the OM token continues to decline, down 10% in the last 24 hours and trading around $0.26. Current market dynamics indicate investor caution, although early signs of a potential recovery are appearing.
The collaboration with Binance and other significant players showcases Mantra's commitment to development and innovation. However, the market remains challenging, and further efforts are needed to regain investor confidence.
