Binance Joins Mantra Validator Set Boosting Staking Incentives to 29.9% APR

Mantra (OM) has added Binance, the world’s largest cryptocurrency exchange by trading volume, to its mainnet validator set, joining other major entities such as Google Cloud, Nansen, Twinstake, and Hex Trust [1]. This move reinforces the network’s decentralization and security while offering OM holders staking incentives of up to 29.9% annual percentage rate (APR) on OM locked products via Binance’s Simple Earn platform until the end of August [1]. Mantra is in the process of transitioning away from internal validators to trusted external partners, a strategic shift aimed at enhancing the integrity and trustworthiness of its blockchain [1].

The validator expansion follows a broader partnership strategy, including a recent collaboration with Inveniam to build a global institutional real-world asset (RWA) ecosystem with hubs in the United Arab Emirates and the United States [1]. Additionally, Mantra has partnered with agri-tech firm Dimitra to tokenize agricultural commodities such as cacao and carbon credits and with WIN Investments to launch “transfer tokens” linked to FIFA’s Solidarity Mechanism [1]. In Latin America, Mantra is working with Mercado Bitcoin, Brazil’s largest crypto exchange, to tokenize over $200 million worth of assets in 2024 [1].

Despite these developments, OM’s price remains under pressure, trading around $0.26 as of the latest reports. The token has fallen 10% in the past 24 hours and continues to trade below the $0.40 level. OM has been in a sustained downtrend since a significant 90% price drop on April 13 [1]. Crypto analyst Park Yong noted that the April crash was not caused by a protocol flaw but rather by a liquidity wipeout triggered by cascading exchange liquidations [1]. He also emphasized that OM’s ability to survive such a washout while continuing to build its RWA ecosystem and maintain regulatory clarity demonstrates its resilience.

Binance’s inclusion as a validator may help restore investor confidence in OM by increasing the network’s visibility and encouraging higher staking participation [1]. However, market sentiment remains cautious, and Mantra faces the challenge of translating its strategic partnerships into a sustained price recovery. The project’s aggressive expansion strategy suggests it is positioning for long-term growth, focusing on infrastructure development and trust-building that could benefit the token when broader market conditions improve [1].

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[1] Binance Joins Mantra’s Validator Set Alongside Google Cloud, Nansen, and More Yet OM Price Momentum Remains Uncertain (https://coinmarketcap.com/community/articles/689b3038b37c031160651963/)