Total Value Locked$12m
TVL by Chain
Ethereum$6.74m
Celo$4.28m
Monad$983,498.04
Bitcoin$0.46
Key Metrics
Fees (Annualized)$222,974.17
Fees 30d$15,499.42
Celo$15,499.42
Fees 7d$6,686
Celo$6,686
Fees 24h$1,474
Celo$1,474
Cumulative Fees$21,022.42
Celo$21,022.42
Revenue (Annualized)$222,974.17
Revenue 30d$15,499.42
Celo$15,499.42
Revenue 7d$6,686
Celo$6,686
Revenue 24h$1,474
Celo$1,474
Cumulative Revenue$21,022.42
Celo$21,022.42
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
Celo$0
Holders Revenue 7d$0
Celo$0
Holders Revenue 24h$0
Celo$0
Cumulative Holders Revenue$0
Celo$0
DEX Volume 30d$9.62m
DEX Volume 30d by chain
Celo$9.62m
DEX Volume 7d$3.74m
Celo$3.74m
DEX Volume 24h$624,726
Celo$624,726
Cumulative DEX Volume$30.015b
Celo$30.015b
Total Raised$10m
Oct 16, 2024$10mRound: Investors: T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, Verda Ventures, w3.fund
Protocol Information
Mento, an open source and permissionless protocol live on the Celo network. It facilitates the launch of stablecoins such as cUSD, cEUR, and cREAL
Audits:
Methodology
TVL: TVL counts all assets deposited as collateral to mint Mento stablecoins.View code on GitHubFees: 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 GitHubRevenue: 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 GitHubHolders Revenue: View code on GitHubDEX Volume: Value of tokens users received from Mento stablecoin swaps.View code on GitHubCompetitors
Frequently Asked Questions
What is Mento V2's TVL?
Mento V2 currently has $12m in total value locked. TVL has increased 8.6% over the past 30 days.
What chains does Mento V2 operate on?
Mento V2 operates on 4 chains: Ethereum, Celo, Monad, and Bitcoin. Ethereum holds the largest share at 56.2%.
How much has Mento V2 generated in fees and revenue?
Over the past 30 days, Mento V2 generated $15,499.42 in fees. Of that, $15,499.42 was protocol revenue. Based on the trailing year, the annualized rate is $222,974.17 in fees and $222,974.17 in revenue.
How does Mento V2's TVL compare to similar protocols?
Among Algo-Stables protocols tracked by DefiLlama, Mento V2 ranks #2 by TVL. The category holds $60.25m across 102 protocols, and Mento V2 accounts for 19.8% of that total. Other leading protocols include Frax, SPOT Cash, Basis Cash, Frax FPI, XUSD Money, Generic.Money, Spice Trade, TiTi Protocol, OpenDAO, and Fei Protocol.
How much trading volume does Mento V2 process?
Mento V2 processed $9.62m in DEX volume over the past 30 days.
