Mantra has introduced a new governance proposal to transition its OM token fully from Ethereum’s ERC-20 standard to the Mantra Chain.
In an announcement posted on X on Aug. 20, the project detailed a roadmap to phase out ERC-20 OM tokens by Jan. 15, 2026, with a managed sunset process to be carried out in coordination with exchanges.
Transitioning OM to a unified token standard
The migration aims to eliminate the divide between ERC-20 OM and the native Mantra Chain version. Under the proposal, tokens not bridged by the deadline will be reclaimed by the Mantra Chain Association and repurposed to support ecosystem growth.
According to the team, this move will enhance governance, streamline utility, and reduce user confusion.
Liquidity on networks like Base, Polygon (POL), and BNB Chain will be migrated first, with Ethereum to follow later this year. By concentrating trading activity in native pools, Mantra anticipates stronger liquidity and a more efficient market for OM.
Refining OM tokenomics and enhancing security
As part of the migration, Mantra has proposed reinstating an 8% inflation rate, which would lift current staking rewards to around 18% APR. The protocol would also introduce a hard supply cap of 2.5 billion OM, with an inflation review scheduled for early 2026.
The governance proposal further outlines validator changes. In Q3 2025, the Mantra Chain Association plans to cut its active validators from five to two, redistributing stake to strengthen decentralization. By year’s end, MCA-operated validators will also adopt commission fees to foster greater community involvement.
Positioning Mantra for MultiVM future
Mantra has positioned the migration as part of its long-term MultiVM roadmap. By making OM fully native, the chain aims to strengthen its role as a regulated platform for real-world asset tokenization—a focus it has pursued since launch.
The proposal follows Mantra’s fifth anniversary and the addition of Binance as a validator. With over 250 million OM already bridged, the team views the migration as a natural step toward consolidation.
