MANTRA's Latest Innovation in RWA Tokenization

MANTRA, a platform dedicated to real-world asset (RWA) tokenization, has recently launched a cutting-edge RWA savings vault powered by Ondo's USDY. This new development, revealed on June 3, signifies a strategic collaboration aimed at enhancing liquidity in the RWA tokenization domain within decentralized finance (DeFi).

Enhanced Yields Through a Multi-Chain Vault

In a bid to amplify liquidity prospects, MANTRA and the Ondo Foundation have introduced a multi-chain vault designed to incentivize participants.

Investors contributing USD Coin (USDC) to this vault will enjoy immediate access to premium yields. Furthermore, those who maintain their investments until the MANTRA Chain's mainnet debut will receive ONDO tokens, mainnet OM coins, and additional underlying yields.

The public launch of the vault is anticipated in June on Ethereum (ETH) and Base, promising an exciting opportunity for yield-seekers.

Bridging DeFi and Institutional Finance

MANTRA is devoted to amalgamating DeFi interoperability with institutional-grade financial services on-chain. The utilization of USDY, with features like over-collateralization, third-party supervision, and superior investor safeguards, solidifies its position as a pivotal asset in the burgeoning RWA ecosystem.

To optimize returns amidst surging participation, MANTRA and the Ondo Foundation have devised a progressive reward mechanism tied to community engagement milestones.

Visionary Statements from Industry Leaders

Nathan Allman, the CEO of Ondo Finance, expressed his enthusiasm for the USDY vault, affirming Ondo's commitment to democratizing institutional-grade assets through collaborations like this.

John Patrick Mullin, MANTRA's co-founder and CEO, elaborated on the blueprint to establish a highly liquid Layer-1 blockchain tailored for RWAs. The incorporation of Ondo USDY as a foundational asset in MANTRA's upcoming blockchain is pivotal to this vision.

Unveiling MANTRA's Future Blockchain

MANTRA's forthcoming blockchain, slated for release later this year, is positioned to showcase Ondo's flagship interest-bearing tokenized note, USDY, as its genesis asset. This unique offering enables holders to access short-term US Treasury yields without compromising the stability of stablecoins.

It's worth noting that USDY is not registered under the US Securities Act and hence cannot be marketed for sale in the US or to US residents.

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