Mantra proposes full migration of OM token from ERC-20 to native chain

Mantra has put forward a new governance proposal that would move its OM token entirely from Ethereum’s ERC-20 standard to Mantra Chain.

The announcement was shared on X on Aug. 20, outlining a roadmap that would formally deprecate ERC-20 Mantra ( OM ) tokens by Jan. 15, 2026. The process will involve a managed sunset process coordinated with exchanges.

Moving OM towards a single token standard

The migration is designed to end the split between ERC-20 OM and the version issued directly on Mantra Chain. According to the proposal, any tokens not bridged by the deadline will be reclaimed by the Mantra Chain Association and later used for ecosystem growth.

The team said this will strengthen governance, simplify utility, and avoid confusion among users.

Liquidity held across networks such as Base, Polygon ( POL ), and BNB ( BNB ) Chain will be shifted first, followed by Ethereum ( ETH ) later this year. By consolidating trading activity into native pools, Mantra expects deeper liquidity and a smoother market for OM.

Adjusting OM tokenomics and security

Alongside the migration, Mantra has proposed restoring an 8% inflation rate, which would bring current staking returns to about 18% APR. A hard supply cap of 2.5 billion OM would also be set at the protocol level, with a scheduled review of inflation in early 2026.

The governance plan includes changes to validator operations as well. The Mantra Chain Association will reduce its active validators from five to two in the third quarter of 2025, redistributing stake to improve decentralization. By the end of the year, commission fees will also be introduced on MCA-run validators to encourage greater community participation.

Positioning Mantra for MultiVM future

Mantra framed the migration as a step toward its long-term MultiVM roadmap. By making OM native, the chain aims to position itself as a regulated platform for real-world asset tokenization, a sector it has been actively developing since launch.

The proposal comes shortly after Mantra marked its fifth anniversary and brought Binance on board as a validator . With more than 250 million OM already bridged to the chain, the project sees the move as a natural consolidation.