What is OM Coin from MANTRA DAO?

What is OM Coin from MANTRA DAO and how this coin fits into the broader Decentralized Finance (DeFi) world. 

As the blockchain space evolves, MANTRA DAO has emerged as one of the notable projects pushing the boundaries of DeFi, governance, and staking, especially within the Polkadot ecosystem. 

But what exactly is OM Coin, and why has it been gaining attention in the crypto community? Read this article to find out?

OM Coin from MANTRA DAO

MANTRA DAO is a community-governed DeFi platform built to bridge the power of Web3 applications with financial services. 

At the heart of this ecosystem lies the OM Coin, a utility token that fuels staking, lending, governance, and even gamified savings mechanisms. 

Designed with a strong focus on decentralization, MANTRA DAO allows its users not only to engage in typical DeFi functions but also to vote on key proposals and decisions.

The OM Coin isn’t just a transactional token, it acts as the governance key to the entire ecosystem. Holding OM grants you access to vote, earn staking rewards, and access loans backed by your crypto collateral.

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Market Performance of OM Coin from MANTRA DAO

Source: Coinmarketcap

As of today, OM Coin https://www.bitrue.com/price/OMfrom MANTRA DAO is trading at $0.6756, having faced a sharp 89.30% drop in 24 hours. 

Despite that, the 24-hour volume has exploded by over 3200%, reaching $2.37 billion, indicating massive market activity. 

The current market cap stands at $654.96 million, and the total supply is capped at 1.81 billion OM, with around 969 million in circulation.

Source: Coinmarketcap

Interestingly, OM Coin hit an all-time high of $9.04 just two months ago in February 2025, and has since retraced heavily, showing the typical volatility of crypto markets. Its all-time low was just $0.01728 back in October 2023, which means it has seen over 3795% growth since then.

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The Story Behind OM Coin from MANTRA DAO

MANTRA DAO was founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda, who built the project with guidance from RioDeFi, the company behind RioChain. 

Officially announced in June 2020 and launched in October 2020, MANTRA DAO aimed to bring self-sovereignty and financial freedom to users through DeFi.

Mullin has a background in fintech and has been active in both traditional finance and crypto journalism. Corkin, a fintech consultant and former VP at Trade.io, has worked alongside Mullin previously.

Both founders are also ambassadors of the Polkadot ecosystem, which heavily influences MANTRA’s technical direction.

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How Does OM Coin from MANTRA DAO Work

Here’s a breakdown of how OM Coin from MANTRA DAO function within the ecosystem:

1. Staking

MANTRA offers non-custodial staking for various PoS and DPoS tokens. Users can stake OM to earn passive income, gain extra rewards in OM, and access potential airdrops. It emphasizes security and decentralization, giving control back to the users.

2. Lending

With both proprietary and open-source lending protocols, MANTRA enables cross-chain, multi-asset lending. Investors can lend their crypto to earn interest or borrow against their holdings without selling.

3. Governance

OM holders can vote on major decisions, such as protocol updates, treasury management, and development proposals. This aligns with the DAO (Decentralized Autonomous Organization) model, ensuring power lies with the community.

4. Borrowing

Using OM or other supported tokens as collateral, users can secure stablecoin loans quickly and with minimal interest. This provides liquidity without the need to sell assets during volatile periods.

5. KARMA Protocol

KARMA is a reputation system, like a credit score, that rewards users for good behavior, such as voting regularly, staking, or providing liquidity. The higher your KARMA, the better the benefits you can unlock within the ecosystem.

6. MANTRA POOL

This is a lottery-like savings pool where users deposit OM for a chance to win periodic prizes. It’s a gamified savings mechanism that adds a fun twist to DeFi participation.

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Why OM Coin from MANTRA DAO Matters

So, OM Coin from MANTRA DAO really contributed to the Web3 movement. In short, it’s creating an all-in-one platform where users can earn, borrow, lend, and govern, all without intermediaries. 

It also positions itself as a gateway to Polkadot, giving users access to one of the most advanced blockchain networks today.

With a transparent team, robust community, and diverse range of features, MANTRA DAO is much more than just another DeFi protocol.

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Conclusion

The OM Coin from MANTRA DAO is more than a speculative asset, it’s a core utility token that drives a whole ecosystem built around community governance, decentralized finance, and Web3 integration. 

While the market is volatile and price swings are steep, the underlying project continues to evolve and offer real-world utility.

Whether you’re a staker, borrower, lender, or just a crypto enthusiast curious about the DAO model, MANTRA is definitely worth watching as DeFi continues to mature.

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FAQ

What is MANTRA (OM)?

MANTRA (OM) is the native token of the MANTRA DAO DeFi ecosystem. It enables users to stake, lend, borrow, vote, and earn rewards within the platform.

What makes OM different from other DeFi tokens?

OM is fully integrated with governance, lending, staking, and Polkadot interoperability. It also features unique systems like KARMA reputation scores and the MANTRA POOL.

Who founded MANTRA DAO?

It was co-founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda, with support from RioDeFi.

Can I earn passive income with OM?

Yes! You can stake OM and participate in various DeFi protocols within MANTRA DAO to earn rewards.

Is OM built on Polkadot?

While not natively built on Polkadot, MANTRA DAO is closely tied to Polkadot and aims to offer bridges and compatibility with it.