The MANTRA chain proposes to fully migrate OM to the native chain, setting a cap of 2.5 billion.

GateNews

2025-08-20 12:54:42

On August 20, it was reported that the MANTRA chain is voting to decide whether to fully migrate the ERC20 OM to its native chain. The proposal, OM Homecoming, plans to completely phase out the ERC20 OM on Ethereum by January 15, 2026, and establish the MANTRA chain as the sole native foundation for OM. The proposal also suggests adjusting the inflation rate to 8%, targeting an annual staking return rate of approximately 18%, and setting a hard supply cap of 2.5 billion OM for the first time. Currently, about 250 million OM (28% of the ERC20 supply) have been migrated to the MANTRA chain.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

TreasureBasin2522

· 2025-08-20 15:16

Setting 2.5 billion means that several hundred million tokens need to be issued. What kind of operation is this?

View OriginalReply0

GateUser-392f2a07

· 2025-08-20 14:27

Do I need to do anything for my OM on Gate? Will Gate automatically support us too?

View OriginalReply0