MuhammadLuqman

Mantra CEO John Mullin says he will burn the 300 million locked-up OM tokens allocated to the network's team in a bid to win back the community trust after OM’s collapse.
Mantra CEO John Mullin said he is planning to burn all of his team’s tokens in order to win back the trust of the network’s community following the sudden collapse of the Mantra (OM) token on April 13.
“I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back,” Mullin posted to X on April 16.
Mantra set aside 300 million OM, 16.88% of the token’s nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post.
The team’s tokens are worth around $236 million, with OM currently trading around 78 cents but were worth around $1.89 billion before the token sank on April 13, going from around $6.30 to a low of 52 cents and wiping over $5.5 billion in value, according to CoinGecko.
Many community members welcomed Mullin’s pledge, but others saw the token burn as a potential blow to the team’s long-term commitment to building the real-world asset tokenization platform.
“This would be a mistake. We want teams that are highly incentivized. Burning the incentive may seem like a good gesture but it will hurt the team motivation long term,” said Crypto Banter founder Ran Neuner.
Mullin suggested a decentralized vote could determine whether to burn the 300 million team tokens.
Mantra recovery process already underway
Mullin promised a post-mortem statement explaining what went wrong to be transparent with the community. 
Speaking to Cointelegraph on April 14, Mullin outlined plans to leverage the $109 million Mantra Ecosystem Fund for potential token buybacks and burns to stabilize OM’s price, which had fallen from $6.30 to as low as $0.52.
#om #mantra #MantraDao #omburn

Mantra CEO John Mullin says he will burn the 300 million locked-up OM tokens allocated to the network's team in a bid to win back the community trust after OM’s collapse.
Mantra CEO John Mullin said he is planning to burn all of his team’s tokens in order to win back the trust of the network’s community following the sudden collapse of the Mantra (OM) token on April 13.
“I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back,” Mullin posted to X on April 16.
Mantra set aside 300 million OM, 16.88% of the token’s nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post.
The team’s tokens are worth around $236 million, with OM currently trading around 78 cents but were worth around $1.89 billion before the token sank on April 13, going from around $6.30 to a low of 52 cents and wiping over $5.5 billion in value, according to CoinGecko.
Many community members welcomed Mullin’s pledge, but others saw the token burn as a potential blow to the team’s long-term commitment to building the real-world asset tokenization platform.
“This would be a mistake. We want teams that are highly incentivized. Burning the incentive may seem like a good gesture but it will hurt the team motivation long term,” said Crypto Banter founder Ran Neuner.
Mullin suggested a decentralized vote could determine whether to burn the 300 million team tokens.
Mantra recovery process already underway
Mullin promised a post-mortem statement explaining what went wrong to be transparent with the community. 
Speaking to Cointelegraph on April 14, Mullin outlined plans to leverage the $109 million Mantra Ecosystem Fund for potential token buybacks and burns to stabilize OM’s price, which had fallen from $6.30 to as low as $0.52.
#om #mantra #MantraDao #omburn

dYdX will begin monthly token buybacks with 25% of its annual net protocol fees via its Treasury SubDAO.
#DYDX🔔 #bitcoin #Trump's
Ongoing community discussion could increase this allocation to 100% of protocol fees — increasing the plan’s budget and decreasing the circulating token supply.

The dYdX token surged over 8% on the announcement.

Decentralized exchange dYdX will deploy 25% of its net protocol fees monthly to buy back its native token from open markets and stake the assets for better network security through its dYdX Treasury SubDAO, according to a blog post.

Approved by a community vote earlier this month, the first-ever dYdX buyback program changes how the protocol allocates its fees starting Monday. Ecosystem participants previously received 100% of the revenue generated by the DEX. Under the new structure, dYdX will spread protocol fees — some $17.5 million annualized per DefiLlama — across Treasury SubDAO (10%), MegaVault (25%), Buyback Program (25%), and Staking Rewards (40%).

Based on prices by publishing time, the DEX will have roughly $4.4 million for monthly buybacks. dYdX will also manage the repurchased crypto via its Treasury SubDAO to earn yield rather than destroy the tokens like in a traditional burn mechanism.

The buyback initiative to strengthen network security and decrease circulating supply comes as dYdX plans to slash token emissions by half this June. “As of March 1, 2025, 85% of $DYDX tokens have already been unlocked, with emissions set to decrease by 50% from June 2025. Since launching in 2021, $DYDX has reached a more advanced stage in its adoption cycle, with all token unlocks set to conclude by June 2026,” the announcement read.

The dYdX token jumped over 8% following the buyback reveal, trading above $0.71 to reach a $546 million fully diluted valuation.

Initially launched on Ethereum’s blockchain around April 2019, dYdX allows DeFi users to margin trade ERC-20 tokens. The protocol later added perpetual futures contracts in 2023 with its v3 rollout. It also transitioned from Ethereum to its custom Layer 1 network powered by Cosmos’ toolkit for extra speed and efficiency.

Although layoffs last year and the brief exit of Founder Antonio Juliano as CEO caused some concerns, the platform has since shipped new features to simplify token issuance. Juliano has also returned to his position after temporarily leaving his seat to serve solely as the startup's Chairman and President.