Ask about Mento
Logo of MentoMento(MENTO)
Total Value Locked$13.13m

TVL by Chain

Ethereum$6.53m

Celo$3.89m

Monad$2.72m

Bitcoin$0

Key Metrics

Fees (Annualized)$182,223.41
Fees 30d$57,142.88

Celo$36,503.66

Monad$20,639.51

Fees 7d$5,520.88

Celo$4,919.66

Monad$601.51

Fees 24h$670

Celo$563

Monad$107

Cumulative Fees$72,613.88

Celo$46,145.43

Monad$26,471.51

Revenue (Annualized)$84,505.23
Revenue 30d$27,799.05

Celo$19,739.59

Monad$8,058.55

Revenue 7d$4,809.05

Celo$4,580.59

Monad$228.55

Revenue 24h$454

Celo$412

Monad$41.67

Cumulative Revenue$33,935.36

Celo$23,764.1

Monad$10,172.35

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$81.36m
DEX Volume 30d by chain

Celo$43.37m

Monad$38m

DEX Volume 7d$3.92m

Celo$3m

Monad$920,423

DEX Volume 24h$560,785

Celo$372,431

Monad$188,354

Cumulative DEX Volume$30.079b

Celo$30.034b

Monad$45.03m

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 APY7.18%

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 ($10.71m)Frax ($43.74m)Basis Cash ($245,642.79)SPOT Cash ($194,878.81)Frax FPI ($94,211.9)Oin Finance ($35,699.35)Generic.Money ($28,707.36)XUSD Money ($25,528.33)TiTi Protocol ($7,247.99)Spice Trade ($7,086.3)

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 $13.13m in total value locked. TVL has decreased 1.7% 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 49.7%.

How much has Mento generated in fees and revenue?

Over the past 30 days, Mento generated $57,142.88 in fees. Of that, $27,799.05 was protocol revenue. Based on the trailing year, the annualized rate is $182,223.41 in fees and $84,505.23 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 $81.36m in DEX volume over the past 30 days.