MANTRA Finance Ends ERC-20 OM Staking Rewards

MANTRA Chain announced that staking rewards for ERC-20 OM tokens on MANTRA Finance will cease after May 31, 2025. Users must bridge their OM to MANTRA Chain and stake with a validator to continue earning rewards (500K OM monthly for April and May). This move aims to unify token utility on MANTRA’s Layer radon1 blockchain, enhancing liquidity and governance for its real-world asset (RWA) ecosystem (mantrachain.io). The shift could streamline operations but may impact users slow to migrate.

Recent News

MANTRA has been making waves! On May 14, 2025, Nansen joined as a validator, boosting compliance and transparency for institutional adoption (crypto.news). Earlier, MANTRA integrated its mainnet on Binance, expanding accessibility (mantrachain.io). However, $OM’s price crashed over 90% on April 13, 2025, sparking community backlash (cointelegraph.com).

Future Plans

MANTRA is focused on RWA tokenization, with plans to expand its ecosystem through onchain governance and partnerships. Upcoming features include enhanced vaults for USDC yield and seamless cross-chain transactions via the Cosmos IBC protocol, aiming to attract retail and institutional users (mantrachain.io).

Onchain Data

Specific staking metrics for MANTRA Chain are unavailable, but its proof-of-stake system relies on OM to secure the network. Bridging activity may spike as the deadline nears—check Etherscan for ERC-20 OM transfers to gauge migration trends (etherscan.io).

Community Sentiment

X reactions are mixed. While some see this as a step toward consolidation (@cryptofundst), many investors are frustrated, citing $OM’s price collapse and accusing the team of inaction (@mr_XDOGE, @BatayanC). Sentiment leans negative, with calls for stronger price support.

Risk Disclaimer

Bridging tokens carries risks like network fees or delays—ensure you’re using official links to avoid scams.