A Letter From Our CEO | June 2023

Dear MANTRA Community,

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Continuing with our monthly CEO updates, I’m excited to share some key developments over the past month.

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Last month, I had the privilege of participating in the Dubai FinTech Summit organized by DIFC, where we met with industry leaders and experts to discuss the future of DeFi and virtual asset regulation in the United Arab Emirates (UAE).

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During the event, we were excited to hear from Brian Armstrong, the CEO of Coinbase, who spoke about the regulatory landscape for virtual assets in the UAE. We were pleased to see that their strategy was similar to what we have been working on in the UAE.

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We have been participating in very constructive conversations and dialogue with the Virtual Assets Regulatory Authority (VARA), as we are closely working with them to acquire a virtual asset license for our Dubai-based entity, MANTRA Finance FZE. We are exploring other regulatory opportunities too, such as Abu Dhabi Global Market (ADGM).

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Furthermore, we have been making significant progress with MANTRA Chain and will be announcing more related to that in the coming weeks. We are gearing up for a launch in the coming months and are excited about what the future holds for this project. 

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In addition, we recently launched Multi-Asset Vaults, which is a significant achievement for us and an improvement of our staking product suite. We will be adding more features to the Vaults, such as open-ended vaults, flexible withdrawals, fiat integrations, actively managed/hedged yield strategies, and make-your-own-strategy functions. If you’d like to access the product, please make sure you sign up to MANTRA Finance.

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Now that MANTRA Finance is live on the Polygon network, we are looking to further expand the ecosystem and integrate on more chains. Please vote and/or comment on the poll featured here until 13th June (2:30 AM UTC), to express which blockchain you’d like to see MANTRA Finance on next.

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As I mentioned on Monday, we will be hosting regular Twitter Spaces, where I will be communicating directly with you about the product updates and my thoughts on what’s happening in the space. Additionally, we will be bringing on speakers from other communities and projects to discuss the industry, and are looking forward to this communication channel developing significantly. Set your reminders here for my next Twitter Spaces, happening on 15th June (1 PM UTC).

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I would also like to share that the onboarding for SOMA.finance has already started, and we are going through the waitlist of over 500,000 users. Soon, we will have open onboarding, so be on the lookout for that. With the SOMA public launch being right around the corner, make sure you follow them on Twitter and join their Telegram channel to stay up to date with all announcements.

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While many people are taking time off and resting this summer, we are looking forward to launching more things and being very active. Our team is dedicated to creating innovative and regulatory-friendly DeFi solutions, and we are excited about the upcoming launches that will certainly make this an exciting summer for the MANTRA community.

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Thank you for your continued support, and we look forward to sharing more updates with you in the future.

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Onwards and upwards,

John Patrick Mullin

CEO & Co-Founder

MANTRA

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Highlights you may have missed last month:

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17th May 2023 New Onboarding Process for MANTRA Finance

22nd May 2023 Bitcoin Pizza Day Giveaway Campaign

25th May 2023 HELI Airdrop for OM Stakers 

30th May 2023 The First Multi-Asset Vault (DOT, KSM, NEAR) Goes Live 

31st May 2023 8,888 OM Reward: Multi-Asset Vaults

5th June 2023 Twitter Spaces with MANTRA CEO

6th June 2023 JPM’s take on SEC’s lawsuit against Binance and CZ

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