Mantra Recovers Amid Mantra Zone Platform Upgrade

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Mantra Token Price Growth
  2. Mantra Staking Yield
  3. Support and Risks for Mantra


    4. The Mantra token showed an increase after the announcement of a new version of the Mantra Zone platform.

    Mantra Token Price Growth

    The price of the Mantra token (OM) rose by 10% on September 3 after reaching an important support level. According to the developers, the new version of the Mantra Zone allows users to earn rewards and participate in various on-chain activities.

    Mantra Staking Yield

    One of the reasons for the token's growth was the high staking yield. According to StakingRewards data, Mantra's staking yield increased to 21.17%, one of the highest figures in the cryptocurrency industry.

    Support and Risks for Mantra

    Mantra's recovery occurred amid the overall decline in the cryptocurrency market. It is important to note that more than 50% of traders continue to open short positions on the token, which is a potential risk.

    Thus, the development of the Mantra Zone platform and the high staking yield contribute to the growth of the Mantra token, despite the overall market weakness and high share of short positions.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

Ripple Partners with Florida Athletics to Introduce Digital Asset Payments

chest

Ripple has partnered with Florida Athletics to allow fans to use XRP and RLUSD for ticketing and merchandise, enhancing payment experiences and promoting digital asset adoption.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.