Announcement

MANTRA Kicks Off Grants Program with HeliSwap

MANTRA begins its Grants Program with HeliSwap - a sleek and intuitive dApp which supports swaps between HTS, ERC-20s and HBAR.
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Key Takeaways

Following the release of our Governance & Upcoming Grants on Discord article on August 10th, our returning and new members of MANTRA’s Governing Council Cycle 2 has begun. In this next chapter, we are happy to announce that our first potential Grant recipient is none other than: HeliSwap!

For those Sherpas that missed our most recent YouTube AMA, HeliSwap is a joint effort between MANTRA and one of our long-time close partners, LimeChain. Both teams have received separate grants from The Hedera Foundation (THF) to bring HeliSwap to life. This partnership aims to make HeliSwap the preferred DEX and DAO on the Hedera network. A sleek and intuitive dApp which supports swaps between HTS, ERC-20s and HBAR is definitely something to watch out for.

HeliSwap is planned to go live early in October 2022 with features like Swaps, Liquidity pools and highly attractive Yield Farms.

MANTRA Core Proposal

Along with the announcement for HeliSwap being our first grant applicant, we will also begin introducing “Core Proposals” as part of MANTRA’s new governance updates, which distinguish themselves from “Open Proposals” in that they are proposed with a quorum of 51% of Governing Council members' endorsements.

The introduction of Core Proposals are part of our updates to the decentralized checks and balances to maintain a governance system that keeps the open and inclusive nature of MANTRA’s voting processes with MANTRA’s initiatives. With Core Proposals, the MANTRA Core Team can focus on high impact proposals while keeping avenues open for the community’s feedback and voices to be heard. 

HeliSwap Grant Proposals

Proposal #1

To vote on HeliSwap Grant Proposal #1, go to our Snapshot Proposal here.

Proposal #2

To vote on HeliSwap Grant Proposal #2, go to our Snapshot Proposal here.

Grant parameters put forth by the MANTRA Governing Council are subject to change based on Sherpas’ feedback, including allocated grant amounts for each project.

Looking Ahead

Over the coming weeks, we’ll be introducing more upcoming Core Proposals during our current Season 0 of MANTRA grants program where the Governing Council will introduce some of the potential projects and partners we think provide immense value to MANTRA’s network and the OMniverse.

As with any of our future Grants Proposals, we encourage all Sherpas to vote and get involved in our internal governance and decision making processes! 

~The Council

IMPORTANT INFORMATION

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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