Cryptocurrency is a growing ecosystem worldwide and it is getting a lot of attention from the people. Many people want to invest in cryptocurrency but because of certain regulation issues, they are not able to do this. DeFi is certainly a good instrument to invest in the crypto market but this is not regulated. Most countries don't have any regulation for crypto and maybe in future we get to see more of it but in the meantime, the investing journey should be continued.
Decentralised finance (DeFi) is one of the segments in the crypto market where we get significant returns on investment. People like to invest in these platforms but there is a challenge that these platforms are not compliant and security is also one of the issues. There have been some instances when people lost their money because of issues in terms of trust. When it comes to money then I believe safety is foremost along with other factors that include the platform to follow proper practice and ensure that they are not doing anything against the policies or the guidelines. crypto is an unregulated market and we are in the early stage so reaching that level will take time however still some platforms are trying to follow the best practices available in the market.
Manta is regulatory compliant
Mantra is the first-ever regulatory complaint blockchain as far as I am aware and I believe this is a great move by the platform to encourage more investors to be part of it because now they need not be worried about the trust and safety of their funds. People trust banks because these are government institutions or regulated by the government so people know that their money will not be lost however the returns are very low. I know many people investing in the backing instruments just because they are safe although they are not happy with whatever they are earning on the investment. There are two types of investors in the market. First- Those who seek higher returns and they are ready to take some risk and second, they don't want to compromise on the funds safety and they are OK with low returns.
MANTRA is a first-of-its-kind, vertically-integrated and regulatory-compliant blockchain ecosystem.
Now we know that the returns are very low if we go with the banking options but safety is one of the parameters that encourage a lot of people to go for it. Now this problem of compliance is resolved by mantra and this is where this project has taken the lead because the blockchain is regulatory compliant so investors need not worry about the fund's safety. Needless to say that the rewards or the returns on the investments are going to be significant since it is backed by the cryptocurrencies.
Simplifying crypto investments
The process of investment should be easy so that anyone can start with it without going through any complicated process. We know that not everyone is okay to follow the complicated process of investing and this is where making it simple is the need so that more people can choose it without worrying that how they are going to get it done. if any platform is easy to start with and even after that the steps are so simple then any age group can be part of this platform and that is where the mantra is trying their best to simplify things. A majority of people are still not aware of cryptocurrency and how this market work. Here at mantra finance things are very easy and it is like connecting the dots in the form of 1,2,3,.
1- You just need to sign up and create your account. The user interface is very easy and does not take long to fill in the information. it is just a few-minute process that can be done by any individual.
2- Select the vault you want and deposit the cryptocurrency including stablecoins.
3- Once the vault is matured then you are ready to claim your reward and you can also claim your initial investment.
How about the process that we need to follow on this platform it seems very simplified which is what is needed in the market to encourage more investors to be part of it. Now is the time when we need to think about it because there are a bunch of people who are not tech-savvy so we need to build something easy for them.
Transparency
Transparency is the key and the mantra has been doing great in this area to ensure that everything is available for the investors to check and verify. Transactions can be verified on the blockchain and even available funds are displayed so that there is nothing which is hidden from the community and this helps people to build more trust on the platform. Since it is KYC and AML compliant so there is no issue from the regulators and that is why more people can trust the investment.
Mantra follows all the possible solutions to ensure that funds are safe and this is why they do a proper audit of the smart contracts while keeping the funds ensured. We know that the majority of platforms claim that they also follow the audit for their smart contract but despite the fact we have seen that in the past people lost money. This is a decentralised finance platform but despite going with the decentralized nature they follow the insurance practice to ensure if something goes wrong then also funds are safe because of insurance. Transparency is very important and with Mantra, it is available by default to all the users so there is nothing that's hidden from the community.
Good for Traditional Investors
Traditional investors are those who always look for transparency as well as the proper practices followed by the platform. In Cryptocurrency Market many people think that it is a risky game there is no regulation or compliance in place which is why they stay away. Now since this platform is strictly following the KYC and all required compliance processes to ensure the utmost security and safety and funds which can be great for traditional investors. Some so many people invest a lot of money and if they can be part of crypto then its going to be a good addition to the market. Mantra is trying to bring them into the cryptocurrency market through innovations and while keeping the platform secure and compliant and I believe this is a great initiative. overall it is going to be a good value addition in the long run on this platform as well as the money inflow will empower the overall cryptocurrency market.
Multiple Investing Options
We get the option to choose from a single asset or the multi-asset and there are some leading projects listed here so we can expect a significant value appreciation in the long run or depending upon the market how it behaves.
All the coins that I can see in their vault are valuable and bagged by fundamentally strong projects so the potential is great and there is a higher probability to earn significant returns on the investment. We all invest money with the hope of getting a good reward and it is the responsibility of the platform to provide something that is selected after a thorough study.
While we get more options with a single asset but if we choose to go with multi asset then also there are two options built on the polygon chain offering a decent amount of APY. This way we get better options to choose from the available pairs and based on the preference or the offering we can choose. This list keeps on updating so we may get even more options in the coming days. The offered APY is good and that too with regulatory compliant defi however if we go with banks then earning 5-6% seems difficult.
Conclusion
There are multiple things to consider before investing money on any platform but now with the offerings that Mantra is providing it will be very easy for traditional investors to be part of since they will get whatever is needed including the kyc and compliance. There will be no regulatory issue on this since the best practices are followed and with that investors are going to earn a good return on the investment. The team has taken this nice initiative to encourage more investors to be part of those who are not ready to take risks in the market where things are not transparent and even difficult to use. Mantra has done great work to provide an investment solution where transparency is the key while following many other aspects including the simplicity to use the platform as well as keeping it regulatory compliant. I liked this platform very much and I'm sure this is going to get more attention from the investors probably in the next bull run cycle this is going to be a big hit,
Official Website- https://www.mantra.finance/
(Images are taken from the Mantra website)
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