MANTRA has successfully launched its first $OM Liquidity Pool (LP) on the Base chain. Following approval, MANTRA worked swiftly to integrate $OM into the Base chain ecosystem.
The existing OM/ETH LP on Uniswap, which already boasts over $5 million in liquidity, allows for seamless swaps on Ethereum.
The deep liquidity of the OM/ETH pool is now mirrored on the Base chain with the new $OM pool on Uniswap. This new pool has been bootstrapped with 25% of the existing Uniswap LP on Ethereum, facilitating $OM swaps on the Base chain with minimal slippage.
🌐🚀 #MANTRA’s first $OM Liquidity Pool on Base is live. ⚡ Upon approval, Mantra started working to bring $OM to Base Chain. The OM/ETH Liquidity Pool (LP) on Uniswap already has more than $5M in liquidity, enabling you to swap freely on Ethereum.
🔍Similarly, they’re bringing… pic.twitter.com/tL0jSpZ9mS
— Chioma Chukwurah ⚛️🥷⚔️ (@ChiomaChukwura2) July 4, 2024
In the last eight hours, two fresh wallets have withdrawn a total of 12.922 million $OM (valued at $10.79 million) from Binance. Wallet 0xD2A withdrew 4.758 million $OM (approximately $4.16 million), while wallet 0x95F withdrew 8.164 million $OM (around $6.63 million).
Within last 8 hours, 2 fresh wallets withdrew totally 12.922M $OM ($10.79M) from #Binance
0xD2A withdrew 4.758M $OM (~$4.16M)
0x95F withdrew 8.164M $OM (~$6.63M)Addresses:https://t.co/kiK58IgzpLhttps://t.co/rln65d9TnJ pic.twitter.com/TjD2o0Ont8
— The Data Nerd (@OnchainDataNerd) July 4, 2024
MANTRA Set To Tokenize Real Estate Assets For Dubai-based Developer
In addition to these developments, MANTRA is set to tokenize real estate assets for Dubai-based developer MAG Group Holding. According to CoinDesk reports, MANTRA will tokenize $500 million worth of assets in several tranches, offering yields in the form of stablecoins and $OM tokens.
EXCLUSIVE: @MANTRA_Chain will tokenize real estate assets for Dubai-based developer @maggroupholding. Mantra will tokenize assets worth $500 million in several tranches, offering yields in the form of stablecoins and $OM. By @parikshitm899.https://t.co/PukLMNbTO0
— CoinDesk (@CoinDesk) July 3, 2024
These strategic moves by MANTRA highlight its commitment to expanding DeFi opportunities and providing robust liquidity options for $OM token holders.
The integration of $OM into the Base chain and the tokenization of real estate assets demonstrate MANTRA’s innovative approach to enhancing the utility and value of its ecosystem. As the crypto space continues to evolve, MANTRA’s efforts to bring deep liquidity and real-world asset tokenization position it as a significant player in the DeFi landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: kfifa/123RF // Image Effects by Colorcinch
