Ask about Mountain Protocol
Logo of Mountain ProtocolMountain Protocol(USDM)
Total Value Locked$1.4m

TVL by Chain

Ethereum$1.28m

ZKsync Era$58,570.24

Arbitrum$47,343.45

Base$9,288.99

OP Mainnet$5,233.39

Polygon$2,068.32

Key Metrics

$USDM Liquidity$16.23m

minswap$16.19m

Curve DEX$40,923

Total Raised

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

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.

Category:RWA

Sub Category: Treasury Bills

Audits:

WebsiteGitHubTwitter

Methodology

TVL: Calculates the total USDM SupplyView code on GitHub

Competitors

Midas RWA ($134.79m)Tangible RWA ($42.3m)Boson Protocol ($229,067.69)Sweep ($8,186.85)BlackRock BUIDL ($3.546b)Tether Gold ($3.078b)Circle USYC ($3.006b)Ondo Yield Assets ($2.515b)Spiko ($2.401b)Paxos Gold ($1.892b)

Frequently Asked Questions

What is Mountain Protocol?

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.

What is Mountain Protocol's TVL?

Mountain Protocol currently has $1.4m in total value locked. TVL has increased 0.3% over the past 30 days.

What chains does Mountain Protocol operate on?

Mountain Protocol operates on 6 chains: Base, Polygon, Ethereum, OP Mainnet, and ZKsync Era and 1 others. Ethereum holds the largest share at 91.2%.

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

Among RWA protocols tracked by DefiLlama, Mountain Protocol ranks #69 by TVL. The category holds $27.309b across 130 protocols, and Mountain Protocol accounts for <0.1% of that total. Other leading protocols include Securitize, Ondo Finance, and Tether Gold.