MANTRA DAO signs Strategic partnership with Bluzelle

Utililizing BluzelleDB for data storage and run a validator node to secure Bluzelle Mainnet.

MANTRA DAO, a community-governed DeFi platform that focuses on staking, lending and governance has signed a long-term strategic Partnership with Bluzelle. MANTRA DAO is built on parity substrate for Polkadot ecosystem. This project offers the masses control over their finance to store and grow wealth together. MANTRA DAO will run a BLZ validator node to enhance the secure of Bluzelle Mainnet and Integrate Bluzelle database into incoming products and their KARMA rating protocol. Also, holders of BLZ token will be able to delegate to the MANTRA DAO validator node and earn inflationary rewards in BLZ tokens and extra OM tokens from the DAO.

MANTRA's vision is similar to Bluzelle's dPoS database which brings about the storage of dApp data in a way that unveil the underlying principles of true decentralization. As far as privacy and security is concerned, enhancing the DeFi ecosystem is as good as holding on to the principles of decentralization, this provides isers with real-time information.

Bluzelle's data Oracles allow DeFi dApps such as MANTRA access historical price information and data points with high speed, reliability and security. DeFi will be unable to return financial autonomy to users if they do not get timely price updates.

“We are very excited to work with Bluzelle on multiple fronts in this partnership. Running a validator is just the tip of the iceberg, and we are extremely excited about integrating their new oracle product and their decentralized database within our products. We see this being particularly relevant to making sure our KARMA credit protocol remains as decentralized as possible." said MANTRA DAO Council member JP Mullin.

“With MANTRA DAO we have a full ecosystem partner in that they are validators and users of both our database and oracle product. Their team has executed quickly in 2020 and are positioned well in the fastest growing parts of Defi. They are the ideal partners to grow with,” commented Pavel Bains, CEO of Bluzelle.

About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform that is focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Website

About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Bluzelle is fully decentralized and stores data across thousands of nodes around the world, with each node providing storage space and earning a fee. Bluzelle is the AirBnB of Databases. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake network. Any laptop, desktop, mobile device and gaming console can become a node on Bluzelle. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360 degree views, and more. As defi grows, decentralized infrastructure plays a big role.

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