- Mantra completes full liquidity migration, signaling a shift toward RWA.
- Proposal 17 reshapes OM tokenomics, boosting native liquidity and stability.
- OM price faces short-term pressure amid network-wide structural transition.
Mantra has officially completed its migration of protocol-owned liquidity from the OM/ETH pool on Uniswap to its native decentralized exchange on the Mantra Chain. The entire process was finalized within 24 hours after Proposal 17 received approval, signifying a strategic shift away from Ethereum’s ERC-20 standard.
The transition consolidates Mantra’s liquidity into its native ecosystem, reinforcing its growing focus on Real-World Assets (RWA). Since the mainnet launch, over 250 million OM tokens—around 28% of the ERC-20 supply—have already migrated to the new network, boosting liquidity depth across Mantra’s decentralized exchange.
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Proposal 17 Reshapes OM’s Tokenomics and Strengthens RWA Ecosystem
According to Mantra, Proposal 17 represents a crucial turning point in its roadmap toward becoming a blockchain platform centered on tokenized real-world assets. The proposal formalizes the deprecation of the ERC-20 version of OM, making the native token standard the sole representation of OM going forward.
In addition, the protocol will establish a hard cap of 2.5 billion OM tokens. Inflation will be adjusted to 8% to yield roughly 18% annual staking rewards. These structural changes aim to align the token’s economics with the Mantra Chain environment while improving liquidity efficiency and network stability. Moreover, all EVM-based liquidity pools are being migrated to the native network to deepen on-chain liquidity and reduce dependency on external ecosystems.
This shift follows Binance’s recent decision to end support for OM’s ERC-20 and BEP-20 networks. The coordinated efforts across exchanges and the protocol itself underline Mantra’s determination to strengthen its ecosystem under one unified framework.
Market Reaction Reflects Short-Term Pressure on OM Price
OM is currently trading at $0.1605, reflecting a 3% daily decline and a 9% drop over the past week. Trading volume has fallen by 36.51%, according to CoinMarketCap data. The chart shows a breakdown below a key ascending support trendline after multiple rejections near the $0.1814 resistance area.
Source: Tradingview
At present, the Relative Strength Index sits near 36.91, signaling potential oversold conditions that could trigger a short-term rebound. However, the MACD remains negative, indicating persistent downward momentum. Should OM reclaim the $0.1701 level, it may test resistance at $0.1814, opening room for a move toward $0.20. Failure to sustain support near $0.158 could push prices lower toward the $0.150 zone if cautious sentiment continues across the broader crypto market.
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