• The Mantra Chain liquidity migration will probably be accomplished inside 24 hours and all OM ERC-20 liquidity will probably be migrated from Uniswap to the native chain.
• The Proposition 17 governance vote finalizes the native migration of the OM token ERC-20 and units an OM laborious cap of two.5 billion with 8% inflation.
• OM is buying and selling round $0.1605, approaching oversold ranges. RSI 36.9 suggests a doable short-term rebound.

Mantra (OM) started migrating all liquidity owned by the protocol from Uniswap’s OM/ETH pool to the native Mantra Chain DEX, finishing the method inside 24 hours of Proposition 17 passing.

This choice consolidates Mantra Chain’s liquidity transition, strengthens its RWA blockchain ecosystem, and marks a structural shift away from Ethereum’s ERC-20 customary.

Since mainnet launch, greater than 250 million OM tokens, representing roughly 28% of the ERC-20 provide, have already migrated to the native community, additional deepening the decentralized change (DEX) on-chain liquidity pool.

Proposition 17 aligns the main focus of OM tokenomics and RWA

In response to Mantra, this will probably be a turning level within the transition to a completely RWA-focused (real-world asset) blockchain ecosystem.

Because the mainnet launch, greater than 250 million OM tokens, representing roughly 28% of the ERC20 provide, have already migrated to the MANTRA Chain.

Beforehand: Binance ends help for MANTRA (OM) ERC20 and BEP20 networks on September twenty sixth

Proposition 17 additional formalizes this transition by proposing to fully deprecate the ERC20 model of OM in favor of native token requirements.

What this proposal means for the way forward for OM

This proposal brings a number of essential structural adjustments designed to align OM’s tokenomics with the MANTRA Chain financial system.

The protocol units the laborious cap at 2.5 billion OM and adjusts the inflation charge to eight%. This provides you round 18% annual staking rewards. Additionally, all EVM-based liquidity will probably be migrated to MANTRA Chain, strengthening the native liquidity pool.

These adjustments are collectively geared toward bettering liquidity effectivity, enhancing safety, and accelerating adoption inside MANTRA’s rising RWA ecosystem.

OM value evaluation and market response

OM is at the moment buying and selling at $0.1605, down 3% per day and down 9% over the previous week. Buying and selling quantity additionally plunged 36.51%, in accordance with knowledge from CoinMarketCap.

OM’s chart reveals a breakdown under the rising help pattern line after repeated rejections close to the $0.1814 resistance zone.

The Relative Power Index (RSI) is at the moment hovering round 36.91 as OM approaches an oversold state of affairs that might set off a short-term pullback. The MACD stays damaging, indicating continued downward stress.

If OM manages to regain the $0.1701 stage and shut above it, the subsequent resistance stage could be round $0.1814, the place a breakout may open the door to $0.20 within the brief time period.

Nevertheless, failure to maintain the $0.158 zone may prolong the decline under $0.150, particularly if total market sentiment stays cautious.

Associated: MANTRA Chain Mainnet: EVM compatibility achieved, September launch focused