The project :
A lot of DEFI project went out on a wrong timing during summer, a lot of them don't have taste the bull run. On the DEFI jungle some deserve a special attention.
Mantra Dao a decentralised plateform that permit to lend coins with less collateral than snx, based on a scoring like a bank ; the collaleral will be variable (and that the actual problem of crypto lending plateform , the huge collateral),
On top of that, everyone will be able to put his coins lending , a kind of p2p lending cross chain by the polkadot chain. This plateform also permit stacking and much more...
In the future , decentralised finance coins with a real meaning for everyone will be the only ones who going to explode; imagine that from a mobile application, you can make a loan without having full collateral to provide or become a lender.
The news :
the 18/12 mantra dao launched the v2 of their coins that suppress fees from stacking.
By end of year the lending and the app are going to be launch.
In q1 2021 they're going to lauch there stable coin.
The graphic:
mantra is on an accumulation zone since the end of the DEFI hype.
Compare to POLS it did the same start , the same cup formation.
Remember those DEFI coin don't have ATH.
Potential EMA 20 and 50 crossing soon on daily timelaps; the first time since mantra came out
Stoch RSI is undersold