Mantra Chain announced bold plans to make a comeback, beginning with a $25M OM token buyback. The network additionally plans an EVM network, in addition to RWA tokenization plans.
Mantra Chain goals to make a comeback, rebuilding its status following the crash in April. As Cryptopolitan reported, OM misplaced most of its worth following erratic, low-liquidity buying and selling on centralized exchanges.
One of many first duties for Mantra’s comeback is an OM token buyback program, setting apart $25M for acquisitions.
As we speak we’re asserting the primary $25M $OM token buyback, backed by key traders and stakeholders.
Collectively with @InveniamIO‘s latest $20M funding, complete commitments now attain $45M – reinforcing robust institutional confidence in OM’s long-term worth, MANTRA’s wider #RWA… pic.twitter.com/3WtRd36YqZ— MANTRA | Tokenizing RWAs (@MANTRA_Chain) August 27, 2025
In complete, the buybacks will embody $25M from the Mantra staff, in addition to $20M dedication from Inveniam, increasing all the injection into OM to $45M. Inveniam’s dedication is monetary, in addition to choosing a validator role to safe the Mantra network.
The buybacks can be absolutely clear and taking place on-chain, with the aim of boosting the arrogance of the Mantra group.
OM stays risky, nonetheless buying and selling round $0.23, with 2.4% each day features. Beforehand, OM was one of many high RWA tokens, driving all the narrative. The undertaking continues to be carrying the impact of skepticism, blaming the staff for a rug pull or deliberate promoting.
Nonetheless, simply 4 months after the crash, the Mantra staff is exhibiting its dedication with a number of upgrades and a future roadmap.
Mantra to sundown ERC-20 OM tokens
Mantra goals to place itself with a brand new chain, beginning the method of swapping and sunsetting the ERC-20 model of OM tokens.
All OM tokens should migrate to Mantra Chain, the brand new EVM-compatible network, by January 16, 2026. To boost the incentives for validators, OM inflation was raised to eight%, the place it is going to stay for some time earlier than a brand new vote brings inflation again down.
Mantra Chain itself will launch as an EVM-compatible network, which is predicted to launch round mid-September. Following the EVM launch, Mantra will develop into appropriate with the Ethereum DeFi ecosystem, lastly constructing a use case. Mantra will even be accessible for tokenization and native variations of different Ethereum apps.
The aim of Mantra is to develop its ecosystem with actual use circumstances, whereas providing acquainted infrastructure to builders. At the moment, the Mantra infrastructure carries beneath $500K in worth locked, with minimal DeFi app exercise. The crash of OM meant Mantra skipped the previous few months of DeFi development.
Mantra to launch a yield-bearing stablecoin
Mantra goals to construct liquidity with a local stablecoin. At the moment, the platform has beneath $400K in stablecoin liquidity.
The network will introduce a yield-bearing stablecoin to share network earnings with all members. At the moment, Mantra counts 35.6K token holders via Mantra DAO, which has additionally misplaced its attraction and liquidity. The DAO treasury shrank to simply 14.1K, awaiting the undertaking’s revival.
Mantra’s foremost aim is to ask RWA tokenization on its network. At the moment, Ethereum and Solana stay the main tokenization platforms for cash markets. Mantra can be a distinct segment network, arriving late with a brand new L1 chain in an much more aggressive atmosphere. Regardless of this, Mantra has positioned its chain as probably compliant with monetary necessities and appropriate with the launch of conventional monetary merchandise on-chain.
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