MANTRA has unveiled a comprehensive governance proposal to migrate its OM token entirely from the Ethereum ERC-20 standard to a native token on its own blockchain by January 15, 2026. This transition aims to enhance liquidity, security, scalability, and accelerate the growth of MANTRA's Real World Asset (RWA) tokenization ecosystem. Over 250 million OM tokens, representing 28% of the total ERC-20 supply, have already migrated to MANTRA Chain.
The migration will involve a managed sunset process for ERC-20 OM tokens, with detailed instructions provided for stakeholders. Post-deprecation, only the MANTRA Chain-native OM token will be recognized. Key tokenomics changes include restoring an 8% inflation rate to achieve approximately 18% staking APR and enforcing a hard supply cap of 2.5 billion OM tokens to prevent inflationary pressures.
Liquidity from multiple blockchains—including Base, Polygon, BNB Chain, and Ethereum—will be consolidated onto MANTRA Chain, starting immediately after proposal approval. Ethereum liquidity migration is scheduled for Q4 2025. To improve decentralization, the number of validators will be reduced from five to two by Q3 2025, with commissions activated by end-2025 to incentivize community participation.
Funds from Sybil-slaying measures and staking rewards will be redirected to support MultiVM application development, RWA issuer onboarding, and user incentives. The proposal is currently open for community voting, concluding on August 22. Despite recent price struggles, with OM down 22.5% over the past month and trading at $0.23, this move is seen as crucial for MANTRA's long-term growth and ecosystem evolution.