Bondly’s New Partnership with MANTRA DAO to Reward $OM Holders.

Bondly (Bondly.Finance), a crypto-enabled e-commerce platform that aims to unlock $4 trillion of latent value in the Next Generation Digital Economy, is proud to confirm our partnership today with MANTRA DAO.

Image for post
Image for post

Rules And Qualification and Calculation:

  • The First Snapshot Will Take Place Exclusively For OM Stakers On The MANTRA DAO Native Token Staking Platform on October 15th 00:00 UTC.
  • During The Period Between October 15th And November 30th, Additional Random Snapshots Will Be Taken To Calculate Your Rewards Amount.
  • Snapshots Will Be Taken On A Weekly Basis And Your Weighted Average of $OM Tokens Staked Per Week Will be Calculated.

Rewards Distribution Period:

After the Snapshot Period (October 15th — November 30th), Bondly (Bondly.Finance), in partnership with MANTRA DAO, will reward poolers with a total of 1 million Bondly Tokens ($BOND), distributed in 4 reward drops over the course of the month of December. As Bondly’s CEO Smith stated earlier this week,

“We are excited to provide Bondly’s native asset to $OM stakers as we feel this group understands the importance of the Polkadot ecosystem and understands that DeFi only gets bigger if we invite more of the financial economy to join us.”

The Bondly Rewards schedule is approximated as follows:

1st Reward Drop — December 7th, 2020

2nd Reward Drop — December 14th, 2020

3rd Reward Drop — December 21st, 2020

4th Reward Drop — December 28th, 2020

About Bondly

Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products are designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.

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 creates 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.

Written by

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store