MANTRA’s Chakra Pool offers a unique investment opportunity combining GenDrop eligibility, boosted rewards and stable yield.

This article aims to explain the reward structure of MANTRA’s Chakra Pool. By depositing USDC into the Chakra Pools on Base or Ethereum, you’ll earn KARMA which determines your position on the MANTRA Zone leaderboard and your allocation of the 50M OM Gendrop.

In addition, you’ll unlock boosted rewards in $OM coins and $ONDO tokens (provided by MANTRA and Ondo Foundation respectively), and receive USDY offering stable yield backed by short-term US Treasuries.

Let’s delve into the inner workings of the Chakra Pool and explore how you can earn more rewards.

Chakra Pools Reward Structure

The Chakra Pool offers a compelling rewards mechanism designed to incentivize user participation and maximize returns. Here’s a breakdown of the Chakra Pool reward structure:

1. Earn KARMA

Participating in the Chakra Pool provides fixed & boosted yield; even more, it’s an opportunity to be eligible for the upcoming 50M $OM GenDrop. By depositing USDC into the Chakra Pool, you earn KARMA, determining your allocation in the GenDrop.

Each 1,000 USDC deposited equates to 1 KARMA per day.

The earlier you participate in the Chakra Pool, the more KARMA you accrue to boost your position on the MANTRA Zone leaderboard, increasing your chances of securing a larger GenDrop allocation.

Head over to the Chakra Pool on MANTRA.zone and make your first USDC deposit now at mantra.zone/chakra-pool

2. $OM Boosted Rewards

In addition to KARMA, participants in the Chakra Pool can benefit from significantly boosted rewards distributed primarily in $OM coins and also potentially some $ONDO tokens, should we reach certain TVL thresholds. The reward allocation is directly tied to the Chakra Pool’s Total Value Locked (TVL).

As the Chakra Pool TVL grows, so does the reward pool for $OM coins. The chart below shows how additional $OM rewards are unlocked as new TVLs are reached.

When the Chakra Pool TVL is between 0-10M, depositors will receive a share of 888,888 $OM in boosted rewards. If TVL reaches 10M and 20M, an additional 888,888 $OM will be added to the bonus rewards bucket for each milestone. In this way, nominal rates for OM rewards stay high and we ensure that participants do not get diluted as TVL increases.

This rewards structure is designed to continue incentivising participation as the TVL grows. The table below outlines the boosted yield from $OM rewards based on a deposit of $1,000 and various TVLs.

For instance, if you deposit $1,000 into the Chakra Pool and the TVL reaches exactly $10M, you will receive an additional *21.3% boosted rewards in $OM coins.
*This 21.3% figure is an estimate based on $OM price of $1.2

The Chakra Pool interface will show the TVL and corresponding boosted yield in real time. The TVL when the pool closes (Date TBC) will determine the final boosted yields.

3. $ONDO Rewards

Ondo Foundation will also incentivize the vault with up to 3% boosted yield in $ONDO tokens. ONDO tokens can be used to participate in governance through the Ondo DAO.

It’s important to note that these boosted rewards are distributed proportionally among all pool participants based on their deposited amount. To ensure fair distribution, rewards will be paid out on MANTRA Chain post-mainnet launch.

4. Fixed Yield from Tokenized US Treasuries (USDY)

The Chakra Pool offers stable yield backed by short-term US Treasury bonds. After mainnet launches, contributors will receive USDY tokens on MANTRA Chain equivalent to their original USDC deposits. USDY offers a variable interest rate adjusted monthly in advance by Ondo. The yield automatically compounds meaning the value in USD at which USDY can be minted and redeemed slowly increases each day. USDY also offers full portfolio transparency, allowing you to track the underlying assets.
To learn more about USDY, visit https://ondo.finance/usdy

To learn more about Ondo’s USDY and its use on MANTRA, read:
MANTRA Launches RWA Savings Vault Powered by Ondo’s USDY.

⚠️ NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has not been registered under the US Securities Act of 1933, a amended (“Act”) or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Ondo USDY LLC, the issuer of USDY, is not registered as an investment company under the US Investment Company Act of 1940, as amended. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any tokens.

Acquiring tokens involves risks. A token holder may incur losses, including total loss of their purchase price. Past performance is not an indication of future results.

Ondo Finance, Ondo Foundation and MANTRA do not make any representations or warranties whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose or non-infringement) regarding, and NONE OF THEM SHALL HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE’S USE OF, any of the others’ products, services or technologies referenced herein. Additional may terms apply.

Increase your leaderboard position for the upcoming GenDrop, unlock boosted rewards and start earning stable yields. Don’t miss out on this exciting opportunity to be a part of the growing MANTRA ecosystem!

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