Mantra 应对重组和 OM 代币动荡，加倍押注现实世界资产

Mantra 以战略重组为重点，解决 OM 代币过去的波动性问题，并重申其在充满挑战的市场中对现实世界资产的承诺。

New York, NY – In a move reflecting the tough realities of the crypto landscape, blockchain project Mantra is hitting the reset button. Following what its leadership calls the most challenging year in company history, marked by a dramatic OM token collapse and persistent market headwinds, Mantra is undergoing a significant restructuring, reaffirming its core focus on real-world assets (RWAs).

纽约——区块链项目 Mantra 按下了重置按钮，此举反映了加密货币领域的严峻现实。在领导层称之为公司历史上最具挑战性的一年之后，以 OM 代币急剧崩溃和持续的市场逆风为标志，Mantra 正在进行重大重组，重申其对现实世界资产 (RWA) 的核心关注。

A Strategic Pivot After a Tumultuous Year

动荡一年后的战略支点

Mantra CEO John Patrick Mullin announced the shift to a leaner, more capital-efficient operational structure. This overhaul, which includes job cuts across various teams and a streamlining of operations, isn't merely about cost-cutting; it's a strategic realignment to sharpen execution and concentrate resources where Mantra sees the brightest long-term opportunities. Mullin, taking full accountability, emphasized that this decision was driven by a broader strategic reset rather than just financial tightening, even as it aims to extend the company's runway.

Mantra 首席执行官约翰·帕特里克·穆林 (John Patrick Mullin) 宣布转向更精简、资本效率更高的运营结构。此次改革包括各个团队的裁员和运营的精简，不仅仅是为了削减成本，还包括削减成本。这是一次战略调整，旨在提高执行力，并将资源集中到 Mantra 认为最光明的长期机遇上。穆林承担全部责任，强调这一决定是由更广泛的战略调整推动的，而不仅仅是财务紧缩，尽管它的目的是延长公司的跑道。

The backdrop to this restructuring is the precipitous fall of Mantra's OM token. After hitting an all-time high of $8.99 in February 2025, OM plummeted to $0.59 by April, a staggering 99% decline from its peak. Mantra attributed this crash to aggressive leverage policies on centralized exchanges, warning of systemic risks from liquidation cascades. The company responded with measures like validator decentralization, a real-time tokenomics dashboard, and the burning of 300 million OM tokens – including a portion from Mullin's personal allocation – in an effort to restore trust and reduce supply. Despite these efforts, a prolonged market downturn made Mantra’s previous cost base unsustainable.

这次重组的背景是 Mantra 的 OM 代币的急剧下跌。 OM 在 2025 年 2 月触及 8.99 美元的历史新高后，到 4 月份暴跌至 0.59 美元，较峰值跌幅高达 99%。 Mantra 将此次崩盘归因于中心化交易所激进的杠杆政策，并警告清算级联带来的系统性风险。该公司采取了诸如验证器去中心化、实时代币经济学仪表板以及销毁 3 亿个 OM 代币（包括 Mullin 个人分配的一部分）等措施来做出回应，以努力恢复信任并减少供应。尽管做出了这些努力，但长期的市场低迷使得 Mantra 之前的成本基础难以为继。

Doubling Down on Real-World Assets and Layer-1 Vision

加倍关注现实世界资产和 Layer-1 愿景

Despite the operational shake-up, Mullin is resolute: “This hasn’t changed our core RWA strategy in the slightest. If anything, we are doubling down on it.” The company is prioritizing its Layer-1 chain, the newly launched mantraUSD stablecoin, and Mantra Finance. MantraUSD, backed by short-term U.S. Treasury bills, is designed to be the essential currency for accessing RWA products within the Mantra ecosystem, underscoring a clear path forward for the platform.

尽管进行了运营调整，穆林态度坚决：“这丝毫没有改变我们的核心 RWA 战略。如果说有什么变化的话，那就是我们正在加倍努力。”该公司正在优先考虑其 Layer-1 链、新推出的 MantraUSD 稳定币和 Mantra Finance。 MantraUSD 由短期美国国库券支持，旨在成为在 Mantra 生态系统内访问 RWA 产品的基本货币，强调了该平台明确的前进道路。

This renewed focus comes alongside a crucial migration deadline for OM token holders: ERC-20 versions must be migrated to the native MANTRA Chain token before January 15, 2026. The company also weathered months of strained relations with crypto exchange OKX, with Mullin having urged OM holders to withdraw their tokens amid disputes over a token migration. These tensions highlight the complex, often fraught, dynamics within the crypto space.

这一新的焦点恰逢 OM 代币持有者的关键迁移截止日期：ERC-20 版本必须在 2026 年 1 月 15 日之前迁移到原生 MANTRA Chain 代币。该公司还经历了与加密货币交易所 OKX 数月的紧张关系，Mullin 敦促 OM 持有者在代币迁移争议中撤回其代币。这些紧张局势凸显了加密货币领域内复杂且常常令人担忧的动态。

The Road Ahead: Leaner, Meaner, and Ready for Business

未来之路：更精简、更精简、为业务做好准备

While the restructuring disproportionately affected business development, marketing, HR, and support functions, it's all part of a plan to concentrate resources on core execution. Mantra's total value locked (TVL) has seen a significant decline from a February 2025 high of $4.51 million to $864,857, underscoring the urgency of this pivot. By aligning operations with

虽然重组对业务开发、营销、人力资源和支持职能产生了不成比例的影响，但这都是将资源集中在核心执行上的计划的一部分。 Mantra 的总锁定价值 (TVL) 从 2025 年 2 月的高点 451 万美元大幅下降至 864,857 美元，凸显了这一转型的紧迫性。通过调整运营