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.
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Key Takeaways

Dear MANTRA Community,

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

Firstly, we launched two additional vaults on the Open BETA version of MANTRA Finance: Solana (SOL) Vault and Polkadot (DOT) Vault. It’s been great to see recurring users taking part and building up their NFT collections.

As I’ve mentioned before, we truly appreciate and encourage your constructive feedback so that we can continue to develop and improve the platform. If you’re wondering how to send your feedback to us, you can do so via Telegram or Email.

This month, I had the opportunity to go on a trip to Australia to meet some of our valuable tech team members. While I communicate with the whole team on a regular basis online, it was fantastic to meet some of them in person for the first time.

There, I held a tech team workshop focusing on our core product strategy and the vision for the future of MANTRA. Additionally, we had some fun during a few team building activities – such as axe throwing and going to an art gallery. I’ve included some pictures from the trip for you to enjoy.

As we look ahead, we’re working on a new onboarding journey for MANTRA Finance that will launch soon. We believe this revamped version will make it even easier for you to sign up and start investing safely.

We’re also focused on accomplishing some of the upcoming goals in our roadmap, with the next being Multi-Asset Vaults. This product will allow users to invest in multiple cryptocurrencies simultaneously simply by depositing USDC. Through this product, we can offer diversified investment opportunities to you in the simplest way possible.

It’s also worth noting that we’re making great progress on MANTRA Chain. The legal structure behind it will be based out of Switzerland, and we’re currently going through a no-action letter process with the Swiss Financial Market Supervisory Authority FINMA. We’re also in the process of finalizing the litepaper, and the issuance of the AUM token. We’re looking forward to sharing more about the functionality of the protocol as well as the utility for both AUM and OM tokens, so stay tuned for more announcements.

As always, thank you for being a part of our community. We couldn't do this without your support, and we're looking forward to continuing to work together to achieve our goals.

Best Regards,

John Patrick Mullin

CEO & Co-Founder


Highlights you may have missed last month:

Axe Throwing with the Aussie Team

The tech team appreciating visual art at the Art Gallery of NSW

4th April 2023 MANTRA Finance Solana (SOL) Vault Goes Live

20th April 2023 MANTRA (OM) is listed on smart DEX aggregator, Droidex

27th April 2023 MANTRA Finance Polkadot (DOT) Vault Goes Live

28th April 2023 MANTRA (OM) is listed on DeFi-powered onramp/ offramp aggregator, Uniramp


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.

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