We are onboarding the MANTRA Blockchain into Merkle Science system of supported blockchains to allow MANTRA and its native token OM to be used by institutional customers. This coverage is a critical milestone to support the growth journey of MANTRA. Whilst this grant is specifically to fund the onboarding of the MANTRA chain it sets the precedent for other COSMOS Chains to be onboarded at a fraction of the cost. Thereby the grant supports developing blockchains to compete against more established blockchains that are covered by blockchain analytics providers.
In other words, it allows the CSOMOS blockchain technology to become more relevant for new projects seeking institutional adoption and thus spurs the adoption of the COSMOS ecosystem as a whole.
The grant will allow MANTRA to reach the following five goals:
- Reduced Onboarding Costs: Future COSMOS chains can be integrated at a fraction of the cost, as the initial infrastructure will be in place
- Increased Competitiveness: COSMOS-based blockchains will be able to compete more effectively with established chains already covered by analytics providers
- Enhanced Institutional Appeal: New projects seeking institutional adoption will find COSMOS technology more attractive and relevant. The coverage will ensure compliance for institutional adoption as outlined by Financial Action Task Force (FATF), the European Securities and Markets Authority (ESMA), and the United States Securities and Exchange Commission (SEC)
- Ecosystem Growth: By lowering barriers to institutional adoption, this project will spur overall adoption of the COSMOS ecosystem including industry specific RWA uses cases
- Reduce Exploit Risks: Prevent malicious actors from entering and exit the MANTRA blockchains to protect the user and TVL across the protocols. Develop cross chain tracing capabilities to detect malicious actors from other blockchains
