Proposal 17 Introduces New Tokenomics for OM

Proposal 17 Introduces New Tokenomics for OM

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by Leo van der Veen

a year ago

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In a significant move to bolster its economic framework, the Mantra Chain has introduced Proposal 17, which sets a hard cap on OM tokens and outlines a new inflation strategy. According to the official information, this proposal is expected to enhance the overall efficiency of the Mantra ecosystem.

Proposal 17: Tokenomics Changes

Proposal 17 establishes a hard cap of 25 billion OM tokens, alongside an 8% inflation rate. This structure is designed to provide approximately 18% annual staking rewards, making it an attractive option for investors and stakers alike. The initiative aims to align OM more closely with the broader Mantra Chain economy, ensuring sustainable growth and stability.

Migration of EVM-based Liquidity

In addition to the tokenomics changes, the protocol is set to migrate all remaining EVM-based liquidity to the Mantra Chain. This strategic move is intended to strengthen liquidity depth, thereby improving the trading experience for users and enhancing the overall market dynamics within the ecosystem.

In a related development, the CME Group has launched new options for Solana and XRP, enhancing trading opportunities in the altcoin market. For more details, see read more.

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