 |
| Foto:Crypto Mantra / X |
VISTORBELITUNG.COM,JAKARTA, INDONESIA – May 2, 2025– Crypto Mantra, a burgeoning player in the decentralized finance (DeFi) space, has announced the launch of its highly anticipated EVM Staking project. This development comes shortly after the platform experienced a period of downtime, prompting concerns among its user base.
The EVM Staking feature will allow users to stake various Ethereum Virtual Machine (EVM) compatible tokens on the Crypto Mantra platform, earning passive income through staking rewards. This move is seen by many as a strategic effort by Crypto Mantra to regain user trust and attract new investors following the recent service disruption.
Details surrounding the exact staking yields and supported tokens are expected to be released in the coming days. However, sources close to the project suggest that Crypto Mantra aims to offer competitive Annual Percentage Yields (APYs) to incentivize participation.
“We understand that the recent downtime may have caused some unease within our community,” a spokesperson for Crypto Mantra stated in an official press release. “The launch of EVM Staking is a testament to our commitment to innovation and delivering value to our users. We believe this new feature will not only provide attractive earning opportunities but also solidify our position in the DeFi ecosystem.”
The downtime, which lasted for March 1,2024 to May 4, 2025,was attributed to Crypto Mantra was quick to address the issue, providing regular updates on their social media channels and assuring users that their funds were safe.
Despite the setback, the announcement of EVM Staking has been met with cautious optimism from the crypto community. Some users have expressed enthusiasm for the new earning potential, while others remain wary and are awaiting further details on the platform’s stability and security measures.
“It’s good to see them come back with a new offering,” commented a user on Twitter with the handle @DeFiExplorerID. “EVM staking could be a game-changer, but they need to ensure their platform is robust this time.”
Crypto Mantra has emphasized that significant upgrades have been implemented to prevent future incidents and enhance the overall platform stability. The team has also promised increased transparency in their operations moving forward.
The launch of EVM Staking puts Crypto Mantra in direct competition with other established DeFi platforms offering similar services. However, their focus on a user-friendly interface and potentially higher yields could give them an edge in attracting both experienced and novice DeFi participants.
As the official launch date for EVM Staking approaches, the crypto community will be closely watching Crypto Mantra to see if they can successfully overcome their recent challenges and establish themselves as a reliable and innovative DeFi platform in the Indonesian and global markets.
Stay tuned to Tribunnews for further updates on Crypto Mantra and the evolving DeFi landscape.
Note: Please replace the bracketed information with the actual details of the event. You might also want to include quotes from users or industry experts if available to add more depth to the article.