- Mantra migrated all protocol-owned liquidity from Uniswap to its native DEX within 24 hours after Proposal 17 passed.
- Over 250 million OM tokens, nearly 28 % of the ERC-20 supply, have transitioned to the Mantra Chain mainnet.
- Proposal 17 sets a 2.5 billion OM supply cap and 8% inflation rate, offering 18% annual staking rewards.
Mantra (OM) has finalized the migration of all protocol-owned liquidity from the OM/ETH pool on Uniswap to its native decentralized exchange (DEX) on Mantra Chain. The process concluded within 24 hours after Proposal 17 secured approval. This transition signifies a strategic step in consolidating Mantra Chain’s liquidity and reducing dependence on Ethereum’s ERC-20 standard.
According to Mantra, this migration marks an essential phase in building a blockchain ecosystem centered on real-world assets (RWA). Since the mainnet went live, more than 250 million OM tokens, accounting for nearly 28 percent of the ERC-20 supply, have already moved to Mantra Chain. The growing on-chain liquidity pools are designed to support seamless trading and staking within the native ecosystem.
Proposal 17 Reshapes OM Tokenomics
Proposal 17 introduces several tokenomic reforms aimed at aligning OM with the Mantra Chain economy. The protocol has established a hard cap of 2.5 billion OM tokens and set an 8 percent inflation rate, resulting in approximately 18% annual staking rewards. Moreover, all remaining EVM-based liquidity is being migrated to Mantra Chain to enhance capital efficiency and strengthen liquidity depth.
The OM token is currently trading near $0.1605, reflecting a 3 percent daily drop and a 9% decline over the past week. Data from CoinMarketCap shows a 36.51% fall in trading volume. Technical indicators reveal that OM recently fell below an ascending trendline following multiple rejections near the $0.1814 resistance level. The Relative Strength Index stands around 36.91, indicating potential oversold conditions that could prompt a temporary rebound, although the MACD continues to signal bearish momentum.
Outlook for OM’s Native Ecosystem
If OM recovers above $0.1701, it may encounter resistance near $0.1814, potentially paving the way for short-term gains toward the $0.20 level. However, failure to hold the $0.158 support area could extend the decline to $0.150 or lower, especially if market sentiment remains subdued.
