- Mantra Chain liquidity migration completes within 24 hours, shifting all OM ERC-20 liquidity from Uniswap to its native chain.
- Proposal 17 governance vote finalizes the OM token ERC-20 to native migration and sets a 2.5 billion OM hard cap with 8% inflation.
- OM trades near $0.1605, approaching oversold levels; RSI 36.9 signals potential short-term rebound.
Mantra (OM) began migrating all protocol-owned liquidity from the OM/ETH pool on Uniswap to the native Mantra Chain DEX, completing the process within 24 hours after Proposal 17 passed.
The decision consolidates Mantra Chain liquidity migration and strengthens its RWA blockchain ecosystem, marking a structural shift away from Ethereum’s ERC-20 standard.
Since mainnet launch, more than 250 million OM tokens, roughly 28% of the ERC-20 supply, have already moved to the native network, deepening on-chain liquidity pools for its decentralized exchange (DEX).
Proposal 17 Aligns OM Tokenomics with RWA Focus
According to Mantra, this marks a turning point in its journey toward becoming a fully RWA-focused (Real-World Assets) blockchain ecosystem.
Since its mainnet launch, over 250 million OM tokens, around 28% of the ERC20 supply, have already migrated to MANTRA Chain.
Earlier: Binance Ends MANTRA (OM) ERC20 and BEP20 Network Support Sept. 26
Proposal 17 further formalizes this shift by proposing the complete deprecation of the ERC20 version of OM in favor of the native token standard.
What the Proposal Means for OM’s Future
The proposal brings several key structural changes designed to align the tokenomics of OM with the MANTRA Chain economy.
The protocol will set a hard cap of 2.5 billion OM and adjust inflation to 8%, which would yield around 18% annual staking rewards. Also, all EVM-based liquidity will be migrated to MANTRA Chain to deepen native liquidity pools.
These changes collectively aim to improve liquidity efficiency, enhance security, and accelerate adoption within MANTRA’s growing RWA ecosystem.
OM Price Analysis and Market Reaction
OM is currently trading at $0.1605, marking a 3% daily decline and a 9% drop over the past week. Trading volume has also crashed by 36.51%, as per CoinMarketCap data .
OM’s chart shows a breakdown below an ascending support trendline after repeated rejections near the $0.1814 resistance zone.
The Relative Strength Index (RSI) currently sits around 36.91 as OM nears oversold conditions that could trigger a short-term bounce. The MACD remains negative, signaling that downward pressure persists.
Source: TradingView
If OM manages to reclaim the $0.1701 level and close above it, the next resistance lies around $0.1814, where a breakout could open the door to $0.20 in the short term.
However, failure to hold the $0.158 zone may extend the decline toward $0.150 or lower, particularly if market-wide sentiment remains cautious.
Related: MANTRA Chain Mainnet: EVM Compatibility Reached, September Launch Targeted
