Maximum Potential with Mantra Chakra Pool and Get KARMA!
2024-08-26Bittime – MANTRA's Chakra Pool offers a unique investment opportunity that combines GenDrop eligibility, enhanced rewards and stable yields.
This article discusses the reward structure of MANTRA's Chakra Pool. Listen until the end.
Chakra Pool Reward Structure
Chakra Pool offers an attractive reward mechanism designed to encourage user participation and maximize profits. Here are the details of the Chakra Pool reward structure:
1. Get KARMA
Participating in Chakra Pool provides fixed & enhanced yields; more than that, it's an opportunity to qualify for the upcoming 50M $OM GenDrop.
By depositing USDC into the Chakra Pool, you earn KARMA, which determines your allocation in GenDrop.
Every 1,000 USDC deposit earns 1 KARMA per day. The earlier you participate in the Chakra Pool, the more KARMA you earn to improve your position on the MANTRA Zone leaderboard, increasing your chances of getting a larger GenDrop allocation.
Baca Also: Bitcoin Price Has the Potential to Breakout in October 2024
2. Improved $OM Rewards
In addition to KARMA, participants in Chakra Pool can benefit from significantly enhanced rewards distributed.
This distribution will be primarily in $OM coins and also potentially some $ONDO tokens, if we reach a certain TVL threshold. Reward allocation is directly related to the Total Value Locked (TVL) of the Chakra Pool.
As the TVL Chakra Pool grows, so does the reward pool for $OM coins. The table below shows how additional $OM rewards are unlocked when a new TVL is reached.
When Chakra Pool's TVL is between 0-10 million, depositors will receive a share of 888,888 $OM in the form of enhanced rewards.
If TVL reaches 20 million and 30 million, an additional 888,888 $OM will be added to the bonus reward pool for each milestone.
The Chakra Pool interface will display TVL and corresponding yield increases in real-time. The TVL when the pool closes (Date TBA) will determine the final yield increase.
3. Reward $ONDO
Ondo Foundation will also incentivize the vault with increased yields of up to 3% in $ONDO tokens. ONDO tokens can be used to participate in governance through the Ondo DAO.
4. Fixed Yield of Tokenized US Treasuries (USDY)
Chakra Pool offers stable yields backed by short-term US Treasuries. Once the mainnet is launched, contributors will receive USDY tokens on MANTRA Chain equivalent to their initial USDC deposit.
USDY offers a variable interest rate that is adjusted monthly in advance by Ondo.
Yield automatically accumulates, meaning the value in USD at which USDY can be printed and redeemed slowly increases every day. USDY also offers full portfolio transparency, allowing you to track the underlying assets.
Read Also: Token Unlock in September: $SOL and $WLD Poised to Lead
Conclusion
MANTRA's Chakra Pool offers an attractive investment opportunity with huge profit potential.
With a unique reward structure, you can earn KARMA, enhanced rewards in the form of $OM and $ONDO tokens, and stable yields from USDY.
However, before investing, it is important to consider a few things:
Investment Risks: Like all investments, Chakra Pool also carries risks. Token prices can fluctuate, and there is no guarantee that you will make a profit.
Transaction Fees: Be aware of the transaction fees associated with participating in Chakra Pool.
Know MANTRA Project: Learn more about the MANTRA project and its development team to understand its long-term potential.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.