Kylin Network Expands MANTRA DAO Partnership to Bring Pre-Mainnet KYL Staking to our Kylians!

In keeping with our commitment to remain close to the community and its needs, and in the context of our native staking ability for $KYL being some time off (until mainnet), we felt it was only appropriate to offer pre-mainnet staking capability for our Kylians!

Therefore, we are happy to announce pre-mainnet staking with MANTRADAO!

Since our partnership announcement with MANTRADAO last month, we have been looking to expand our collaboration; this KYL staking implementation is thus only the first step of the exciting plans our projects have together!

Key Info

Our KYL staking pool on MANTRADAO will go live and begin accruing rewards tomorrow on April 16th, 2021 at 10:00 am UTC — https://app.mantradao.com/staking.

  • Roughly 0.4 KYL per block will be distributed, and unstaking takes an 8 day unlocking period, or a 2% fee for immediate unstaking.
  • You can find our official staked KYL (sKYL) staking contract here: 0x6Ae05B5dB520011bf76645EBB4d6A697e5B3774b

Go forth Kylians (and stake to your hearts’ content!).

Contact Kylin Network

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Building on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

Contact MANTRA DAO

Building a Cross-chain Platform Powering the Data Economy on Polkadot