FXF Integrates with MANTRA DAO’s ZENTEREST
The Most Diverse DeFi Money Market Protocol App
As previously announced, we recently established a strategic partnership with interoperable DeFi powerhouse MANTRA DAO. MANTRA DAO has been rapidly carving out a name for themselves by offering their users unique takes on familiar DeFi products that we all know and love, such as lending, borrowing, staking, games of chance, and more — but with that extra MANTRA DAO flair that introduces new features, we never knew we couldn’t live without.
ZENTEREST is MANTRA DAO’s answer to popular lending platforms such as AAVE and Compound, but while it is based on the same DNA, it’s got a few new tricks hidden up its sleeve.
We are thrilled to announce that the second major activity in our strategic partnership with MANTRA DAO is the integration of the FXF token into ZENTEREST, where FXF holders may now lend their tokens in exchange for a reward, or lock them as collateral in order to borrow other cryptos.
How does a ZENTEREST integration benefit Finxflo?
In addition to introducing ZENTEREST and its unique features (which we will elaborate on in the next section) to the Finxflo community, there are several highly strategic reasons for the integration:
1. Access to a pool of target users
We acknowledged the diversity and strength of MANTRA DAO’s community in our previous article, and it bears repeating that their community is unmatched in its diversity, DeFi knowledge, and reach across the crypto industry. MANTRA DAO’s community members are among the savviest in the entire industry — they are DeFi power users who are always keen to learn of new tools and products that can benefit their trading or asset management experience. In other words, they are precisely the users for whom Finxflo has been designing our hybrid centralized/decentralized crypto liquidity aggregator. Integrating with ZENTEREST, therefore. gives us invaluable direct access to users who are most likely to become long-term Finxflo users.
2. Leveraging MANTRA DAO’s social network
The other most prominent advantage of integration is MANTRA DAO’s reach into communities beyond its own. Their validator node operations in over a dozen of the leading proof-of-stake (PoS) blockchains makes the MANTRA DAO community a super conductor of information throughout the entire cryptocurrency industry. As such, the integration of FXF with ZENTEREST will promote the spread of information about Finxflo and our hybrid liquidity aggregation product.
Why might Finxflo community members want to try ZENTEREST?
We’re thrilled to be introducing FXF holders to MANTRA DAO, and we’re certain you will appreciate the unique advantages of this integration. In the already overcrowded world of DeFi lending protocols, ZENTEREST manages to stand out by implementing features currently unmatched by any other lending product on the market:
- One-stop shopping with MANTRA DAO’s integrated DeFi suite
All your DeFi needs can be met without ever leaving app.mantradao.com! ZENTEREST is part of MANTRA DAO’s suite of DeFi products, which currently includes multi-chain staking (with enhanced OM rewards paid to those who delegate to MANTRA DAO nodes) and MANTRA POOL (a decentralized lottery where players can win thousands of dollars). Soon, MANTRA DAO will add a Uniswap-style AMM DEX, under-collateralized lending, and ZENDIT, a token launchpad featuring token sales from carefully curated DeFi projects.
2. The most diverse range of lending assets
ZENTEREST currently features almost 50 different assets and is set to add even more. This makes ZENTEREST likely the most diverse DeFi lending platform in existence!
- Some of the highest reward rates in the market for suppliers
MANTRA DAO currently offers some of the highest rates in the industry to those who supply lending assets to ZENTEREST. At the time of writing, USDC suppliers can enjoy a base rate of 20% APY, along with OM token rewards to the tune of 60% distribution APY. This compares very favourably to Compound’s base rate of 4.92% APY and 3.5% COMP token distribution APY. In other words, ZENTEREST’s current net reward rate is roughly 10 times higher than that of Compound’s!
What’s next for the MANTRA DAO-Finxflo partnership?
Finxflo and MANTRA DAO are both dedicated to the singular mission of bringing innovative DeFi applications to their communities and are committed to continue working together on any mutually beneficial initiatives. The integration of FXF into MANTRA DAO’s lending and staking products has paved the way for future partnership opportunities, and we can’t wait to tell you more once the details have been ironed out!
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. Built 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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About Finxflo
Our mission is to create an industry-leading trading platform to facilitate multi-crypto exchange access and provide both retail and institutional investors with professional-grade tools and global best prices through a user-centric interface.
We believe in a cryptocurrency market built on the values of legitimacy and trust, fully accepted by, and accessible to, the mainstream population. We envisage a level playing field for all participants, with the best prices available to traders irrespective of their portfolio size and location, with market distortions and unfair trading practices eliminated.
Our proprietary smart ordering algorithm distributes orders across multiple exchanges and retrieves optimum buy or sell prices, reducing slippage from large orders.
Everyone on our platform gets access to our dark pool, allowing traders to swiftly move in and out of any trade without incurring any market inefficiencies. Importantly, this allows protection from front running!
All with just one account, one KYC, and one wallet!
