Ask about Mento
Logo of MentoMento(MENTO)
Total Value Locked$13.36m

TVL by Chain

Ethereum$6.55m

Celo$4.03m

Monad$2.78m

Bitcoin$0

Key Metrics

Fees (Annualized)$181,787.56
Fees 30d$56,516.88

Celo$35,963.66

Monad$20,554.51

Fees 7d$7,626.88

Celo$6,443.66

Monad$1,184.51

Fees 24h$1,549

Celo$1,484.88

Monad$64.41

Cumulative Fees$72,819.88

Celo$46,528.66

Monad$26,293.64

Revenue (Annualized)$83,937.37
Revenue 30d$27,363.05

Celo$19,336.59

Monad$8,025.88

Revenue 7d$6,372.05

Celo$5,918.59

Monad$453.88

Revenue 24h$1,463.57

Celo$1,438.26

Monad$25.31

Cumulative Revenue$34,382.96

Celo$24,280.88

Monad$10,103.51

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Celo$0

Monad$0

Holders Revenue 7d$0

Celo$0

Monad$0

Holders Revenue 24h$0

Celo$0

Monad$0

Cumulative Holders Revenue$0

Celo$0

Monad$0

DEX Volume 30d$81.62m
DEX Volume 30d by chain

Celo$43.77m

Monad$37.85m

DEX Volume 7d$5.5m

Celo$3.54m

Monad$1.96m

DEX Volume 24h$1.09m

Celo$966,240

Monad$122,523

Cumulative DEX Volume$30.078b

Celo$30.034b

Monad$44.75m

Total Raised$10m

Oct 16, 2024$10mRound: Investors: T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, Verda Ventures, w3.fund

Protocol Information

Mento is building the largest FX infrastructure, bringing world currencies onchain through its robust multi-currency stablecoin platform.

Category:Algo-Stables

WebsiteGitHubTwitter

Yields

Pools Tracked15

Average Supply APY6.46%

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Mento V2 - Each swap is priced with a spread (0.02%-2% depending on the pair) applied to the amount swapped in; that spread is the fee.View code on GitHubMento V3 - Total swap fees (LP fee + protocol fee) charged on each swap, expressed as a fraction of swap input amount.View code on GitHub

Revenue:

Mento V2 - All swap-spread fees. They accrue to the Mento Reserve backing the stablecoins; there are no liquidity providers, so nothing is paid to a supply side.View code on GitHubMento V3 - Protocol fee portion of swap fees sent to the Mento protocol fee recipient.View code on GitHub

Holders Revenue:

Mento V3 - Money going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Competitors

Mento V2 ($10.86m)Frax ($43.6m)Basis Cash ($245,627.56)SPOT Cash ($200,859.22)Frax FPI ($94,448.52)Oin Finance ($35,699.35)Generic.Money ($28,701.86)XUSD Money ($25,885.71)Spice Trade ($7,401.97)TiTi Protocol ($7,247.32)

Frequently Asked Questions

What is Mento?

Mento is building the largest FX infrastructure, bringing world currencies onchain through its robust multi-currency stablecoin platform.

What is Mento's TVL?

Mento currently has $13.36m in total value locked. TVL has decreased 2.7% over the past 30 days.

What chains does Mento operate on?

Mento operates on 4 chains: Ethereum, Celo, Monad, and Bitcoin. Ethereum holds the largest share at 49%.

How much has Mento generated in fees and revenue?

Over the past 30 days, Mento generated $56,516.88 in fees. Of that, $27,363.05 was protocol revenue. Based on the trailing year, the annualized rate is $181,787.56 in fees and $83,937.37 in revenue.

Which protocols are included in Mento?

Mento is a parent protocol whose tracked products include Mento V2 and Mento V3.

How much trading volume does Mento process?

Mento processed $81.62m in DEX volume over the past 30 days.