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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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The MANTRA chain proposes to fully migrate OM to the native chain, setting a cap of 2.5 billion.
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.