OM Token V2 Contract 0x3593d1...dd60c95d

ZENTEREST Launches Bringing Lending & Borrowing to the Sherpas

MANTRA DAO, 1/6/2021, 3:36:00 PM

Lend and Borrow a number of small and large-cap cryptos with MANTRA DAO

The big winner of the 2020 DeFi boom has been non-custodial and decentralized staking and lending platforms. MANTRA DAO is excited to be launching the beta version of the ZENTEREST Lending Protocol to close off 2020 and tick off another milestone on the Q4 roadmap. ZENTEREST will launch with a handful of both small and large-cap ERC-20 crypto assets and will look to quickly build upon these as we listen to our Sherpa community to add more requested assets.

Lend and Borrow a Number of Small and Large Cap Cryptos with ZENTEREST

ZENTEREST is an overcollateralized, money market, lending protocol that allows users to supply, borrow, and use their crypto assets as collateral in a peer-to-peer decentralized fashion. It is the first of the upcoming MANTRA DAO lending products and will be the focus of our overcollateralized lending model. The second lending product within the MANTRA DAO platform will be the proprietary multi-asset CDP/stablecoin, and credit rating system (KARMA Protocol). This is meant to be our undercollateralized product. These products are scheduled for Q1 (Multi-asset CDP/Stablecoin), and Q2 (KARMA Protocol) of next year.

ZENTEREST is a fork of both Compound Finance & Cream.finance, however, it will have its own unique set of listed assets, as well as an additional OM incentive distributed to suppliers/borrowers.

ZENTEREST is initially launching with the following assets for either lending, borrowing, or both; these assets are:

OM (supply only) | ETH | wBTC | USDC | DAI | COMP | CREAM | RFUEL (supply only) | LINK

This beta version will initially be launched with unlocked OM rewards starting next week on Monday, January 4th in order to attract LPs and increase the platform’s TVL (Total Value Locked). However, in time, these rewards will be distributed through a rewards distribution smart contract vested over an extended timeframe. Initially, ZENTEREST will be launched as an Ethereum-based protocol, but as we continue with our tech development and roadmap, we will look to bridge this product to other interoperable blockchains, such as the Polkadot ecosystem in order to allow a multitude of assets to be listed.

Disclaimer: This project is in Beta. ZENTEREST contracts are a fork of Compound Finance & Cream.finance in its current form and hence are only as secure as Compound Finance’s and Cream.finance’s contracts and the underlying infrastructure. Users are advised to be informed and use the platform at their own risk.

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Building on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

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