Recently, Mantra’s OM token faced a significant crash tied to the risky leverage policies of crypto exchanges. Investment safety is being compromised, as noted by CEO John Mullin.
To counter the issues, Mantra is making governance enhancements, such as reducing internal validators by half and collaborating with external partners for increased decentralization.
The company has burned 150 million staked OM tokens to improve tokenomics and launched a new real-time dashboard alongside a testnet named Omstead to bolster its operational resilience.
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