MANTRA DAO to Build its Polkadot Version on PolkaFoundry to Drive DeFi Adoption

We are thrilled to announce a strategic partnership with MANTRA DAO to unleash the true potential of DeFi and drive Web3 adoptions. Resonating with a similar vision, both PolkaFoundry and MANTRA DAO will collaborate on the following aspects:

  • The partnership will allow MANTRA DAO to leverage PolkaFoundry to expand its services into the Polkadot ecosystem.
  • PolkaFoundry and MANTRA DAO will synergize to ameliorate the user experience for DeFi users on the Polkadot.
  • The partnership will result in increased scalability, interoperability, and speed, thus driving greater adoption in the DeFi landscape.

More developers are choosing to build on Substrate — the flexible framework providing the modular building blocks to develop scalable blockchains for the powerful Polkadot multi-chain and other interoperable ecosystems. As a production hub for DeFi dApps, PolkaFoundry provides developers with the tools to build a frictionless user experience across DeFi applications. Therefore, we are proud to cooperate with MANTRA DAO, the leading community-governed DeFi platform on Polkadot, as a strategic partner.

The PolkaFoundry team will work closely with MANTRA DAO to research and implement a Polkadot version of MANTRA DAO on the PolkaFoundry platform to the highest quality and efficiency standards. We will support MANTRA DAO’s dApp development initiatives on Polkadot using PolkaFoundry’s EVM-compatible technology and other innovative features. The support includes both technical support and necessary resources for MANTRA DAO to speed-up the implementation process.

As MANTRA DAO prepares to launch its staking, lending, and governance services on the Polkadot network, the DeFi platform will be leveraging PolkaFoundry’s knowledge of Substrate and Polkadot’s architecture and ecosystem to optimize its integration and performance on Polkadot. Specifically, MANTRA DAO will use PolkaFoundry’s Signing Key, Flexible Payer, and off-chain identity management PolkaID services, as well as other UX-enabling features, to deliver an improved user experience on Polkadot for users of its DeFi services.

The partnership announcement follows PolkaFoundry’s official launch on ZENDIT on March 16th. Both teams are pleased to be deepening their cooperation to enhance the functioning and interoperation of dApps and thus delivery of DeFi products and services within the Polkadot ecosystem.

The PolkaFoundry-MANTRA DAO partnership will remove integration pain points commonly experienced by DeFi dApps so the DeFi platform can fully exploit the advantages of Substrate’s scalability, interoperability, and speed. MANTRA DAO users will benefit from the full potential of DeFi within an interoperable ecosystem. Both parties look forward to advancing MANTRA DAO’s Substrate development efforts ahead of Polkadot and Kusama’s Substrate testnet launch in Q2 2021.

Thi Truong, CEO & Co-founder at PolkaFoundry said,“The partnership with MANTRA DAO will help in integrating smart DeFi services into the Polkadot ecosystem, thus powering developers with increased functionalities. As WEB3 evolves, interoperability and scalability play an important role in massive adoption. PolkaFoundry and MANTRA DAO will synergize on various fronts to push DeFi adoption”

“As a Polkadot first platform, we have been studying the Polkadot ecosystem very closely to understand the intricacies of the Substrate network which has been resource intensive to say the least. PolkdaFoundry has been a game changer for us in regards to simplifying the development process. Working with them will not only speed up our development efforts, but also gives us new access to meaningful tools that allow us to drastically expand on our goals for Polkadot. Above all, we’re very excited about this multi-faceted collaboration with PolkaFoundry as we’ll be a staking, lending, and integration partner!” — Council Member John Patrick Mullin shared his enthusiasm about the partnership.

ABOUT MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the wisdom of the crowd 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.

ABOUT POLKAFOUNDRY

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools available for DeFi experiments, innovations, and real-world solutions. Our unique UX-enabling features bring the interoperability and scalability of Polkadot and Substrate to dApps through an intuitive interface, allowing users to seamlessly and securely access DeFi services and data, manage identities and store files.

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