Shib Army News: Mantra Protocol Hits Over $1 Million in BONE Volume, Celebrating Two Years of Building with the Shib Army

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

In a remarkable milestone for the Shibarium ecosystem, Mantra Protocol has surpassed $1 million in BONE trading volume. As Mantra celebrates its second anniversary, it’s evident that this isn’t just another protocol on the blockchain – it’s a cornerstone of innovation and community for the Shib Army.

Mantra has redefined how NFTs can be used in DeFi, offering lending pools that accept multiple currencies, including SHIB, BONE, LEASH, and KNINE BONE. For NFT owners, this means an entirely new level of liquidity; they can leverage their assets as collateral, all while retaining ownership of their unique digital collectibles. For lenders, Mantra’s ecosystem is an opportunity to earn interest in a thriving, vibrant market. These aren’t just numbers on a screen; these are real financial opportunities that Mantra is making possible for the Shibarium community.

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📣 Announcing Integration with @MantraProtocol $MANTRA has officially integrated with $knBONE!
They have even added additional perks for using $knBONE on the $MANTRA protocol 🎉

Both $MANTRA and $knBONE are live on #Shibarium, building a stronger #ShibArmy together! 🐶

More… pic.twitter.com/HtmjLs1gh2

— K9 Finance DAO (@K9finance) October 9, 2024

One of the driving forces behind this success has been Mantra’s founder, Mort. For many in the Shibarium ecosystem, Mort has become a beacon of support and guidance, especially for fledgling NFT projects. Numerous ventures have grown and thrived under his watchful eye, including our own Shib Dream NFTs. Mort’s impact isn’t just technical; it’s deeply personal for many creators who have turned their visions into realities with his help.

This milestone is about more than just high trading volume; it’s a testament to Mantra’s role in shaping the future of decentralized finance on Shibarium. Over the past two years, the Shib Army has grown alongside Mantra, rallying around its vision and providing the energy that fuels this dynamic ecosystem. The collaboration between Mantra and the Shib Army is one of mutual empowerment, with each bringing something essential to the table.

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#Learn Mantra for Lenders 🧠

For a lender, Mantra is similar to any lending protocol: you provide liquidity and earn interest on it.

But it comes with some differences:

> Borrowers take loans using NFTs as collateral
> You earn interest only via payback of your loans

A 🧵👇

— Mantra Protocol | Minting *Teh Toros* in Shibarium (@MantraProtocol) June 6, 2023

Mantra’s lending pools and marketplace aren’t just building blocks – they’re a foundation upon which the Shibarium ecosystem continues to grow. And as the Shib Army expands, Mantra’s role will only become more integral. In an industry where projects come and go, Mantra’s success shows that with a strong vision, dedicated leadership, and a supportive community, protocols can achieve real, lasting impact.

This $1 million BONE volume milestone is a moment for celebration, but for Mantra and the Shib Army, it’s also a launchpad. With two years of achievements behind them, they’re set to lead the charge into a future where decentralized finance on Shibarium has no limits.