Mountain Protocol(USDM)

Total Value Locked$1.39m

TVL by Chain

Ethereum$1.27m

ZKsync Era$58,212.55

Arbitrum$45,017.33

Base$9,232.26

OP Mainnet$5,201.42

Polygon$2,055.69

Key Metrics

Total Raised$8m

Sep 11, 2023Round: SeedInvestors: Castle Island Ventures, Coinbase Ventures, New Form Capital, Daedalus Angels

Jun 6, 2024$8mRound: Series AInvestors: Multicoin Capital, Castle Island Ventures, Coinbase Ventures, Bankless Ventures, Department of XYZ, Wormhole Crosschain Ecosystem Fund

TVL

USDETH

Protocol Information

Mountain Protocol presents USDM—a cutting-edge, yield-bearing, rebasing stable coin. Rooted in the stability of Treasury Bills and enhanced by the promise of returns, USDM is more than just a crypto token—it's a gateway to trusted and compliant decentralized finance. With its fully regulated, permissionless design, engage with a crypto experience that combines the best of tradition, innovation, and security.

Website GitHub X/Twitter

Category:RWA

Sub Category: Treasury Bills

Audits:

Methodology

TVL: Calculates the total USDM Supply

Competitors

Tangible RWA ($41.55m)Boson Protocol ($230,243.85)Sweep ($8,196.87)VNX ($5.02m)Re ($381.67m)Brickken ($42.4m)GAIB ($18.83m)Theo Network thBill ($13.82m)Anzen V2 ($7.64m)Solv Vesting ($143,754.06)

Frequently Asked Questions

What is Mountain Protocol's TVL?

Mountain Protocol currently has $1.39m in total value locked. TVL has decreased 0.9% over the past 30 days.

What chains does Mountain Protocol operate on?

Mountain Protocol operates on 6 chains: Ethereum, ZKsync Era, Arbitrum, Base, and OP Mainnet and 1 others. Ethereum holds the largest share at 91.4%.

How does Mountain Protocol's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, Mountain Protocol ranks #58 by TVL. The category holds $4.821b across 171 protocols, and Mountain Protocol accounts for <0.1% of that total. Other leading protocols include Tangible RWA, Boson Protocol, Sweep, VNX, Re, Brickken, GAIB, Theo Network thBill, Anzen V2, and Solv Vesting.