Letter From MANTRA CEO

A Letter From Our CEO | June 2023

CEO John Patrick Mullin shares about his experience in the UAE, upcoming features on MANTRA Vaults, and more.
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Key Takeaways

Dear MANTRA Community,

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

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).

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.

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).

Read the full tweet here

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. 

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.

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.

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).

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.

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.

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

Onwards and upwards,

John Patrick Mullin

CEO & Co-Founder


Highlights you may have missed last month:

Visiting Hub71 in Abu Dhabi with the team

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


This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the author and the comments, opinions and analyses are rendered as of the publication date and may change without notice. There is no guarantee that any forecasts or predictions made will come to pass. The information provided in this material is not intended as a complete analysis of all material facts or circumstances regarding any country, region or market. All investments involve risks, including possible loss of principal.

Risk management does not imply elimination of risks, and not all investments are suitable for all investors. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by MANTRA to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. Data from third party sources has not independently verified, validated or audited. MANTRA accepts no liability whatsoever for any loss arising from use of this information; reliance upon the comments, opinions and analyses in the material is at the sole discretion of the user.

Any products, services and information in this material may not be available in all jurisdictions and are offered local laws and regulation permit. Please consult your own financial professional or legal advisor for further information on availability of products and services in your jurisdiction. Please also see the disclaimer which is found at the bottom of this website under the heading “Important Disclosures”.​

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Letter From MANTRA CEO

A Letter From Our CEO | May 2023

CEO John Patrick Mullin shares some of the key developments over April 2023, and hints at what's to come in the future.