Cross-chain DeFi community, MANTRA DAO, has introduced that the validator for Band Protocol is now obtainable on the platform for delegation. In a tweet on Tuesday, the community knowledgeable that customers would earn OM token rewards for participating within the modern methods of distributing the token.
🔥Validator for @BandProtocol Chain Now Obtainable for Delegation🤯
🕉️Earn $OM as quickly as we go LIVE with this modern approach of distributing OM tokens‼️
🤝We “band” collectively to create an interoperable cross-chain future!
FIND OUT MORE:https://t.co/UizDRNvEx0
— MΛNTRΛ DΛO (@MANTRADAO) November 3, 2020
Cross-chain interoperability is without doubt one of the main targets of each MANTRA DAO and Band Protocol. Integration between DeFi networks is important for the longer term development of the ecosystem at giant, furthering scalability, blockchain agnosticism, and decentralization. Within the official announcement on Medium, MANTRA DAO revealed a three-phase rollout for the delegation of Band Protocol validators.
In Section 1, customers will be capable to use the COSMOS ecosystem wallets and delegation interface for delegating their BAND tokens to the MANTRA DAO validator and earn BAND rewards. Section 2 will enable customers to delegate BAND to MANTRA DAO Validator utilizing the MANTRA DAO App to earn BAND, whereas in Section 3, they may earn BAND and OM tokens as rewards.
MANTRA DAO is a DeFi community ruled by a worldwide group. The community focuses on crypto staking, crypto lending, and crypto governance, leverage crowd intelligence to construct a clear and decentralized Web3.zero ecosystem. Alternatively, Band Protocol is a decentralized information oracle supplier targeted on cross-chain interoperability, safety, and scalability. Band Protocol may even assist MANTRA DAO join off-chain information and APIs to good contracts.