Ask about Mountain Protocol
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Mountain Protocol(USDM)

Total Value Locked$1.41m

TVL by Chain

Ethereum$1.29m

ZKsync Era$58,835

Arbitrum$45,540

OP Mainnet$5,257

Base$4,271

Polygon$2,080

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

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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.

WebsiteGitHubX/Twitter
Category:RWA

Sub Category: Treasury Bills

Audits:

Methodology

TVL: Calculates the total USDM SupplyView code on GitHub

Competitors

Tangible RWA ($41.63m)Boson Protocol ($230,028)Sweep ($8,204)Re ($417.85m)Brickken ($42.37m)Theo Network thBill ($11.22m)Solv Vesting ($154,644)Tokeshare ($5,534)Florence FinanceAnemoy Capital ($333.65m)

Frequently asked questions

What is Mountain Protocol's TVL?

Mountain Protocol currently has $1.41m in total value locked. TVL has increased 0.5% over the past 30 days.

What chains does Mountain Protocol operate on?

Mountain Protocol operates on 6 chains: Ethereum, ZKsync Era, Arbitrum, OP Mainnet, and Base and 1 others. Ethereum holds the largest share at 91.8%.

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

Among RWA protocols tracked by DefiLlama, Mountain Protocol ranks #50 by TVL. The category holds $4.094b across 173 protocols, and Mountain Protocol accounts for <0.1% of that total. Other leading protocols include Tangible RWA, Boson Protocol, Sweep, Re, Brickken, Theo Network thBill, Solv Vesting, Tokeshare, Florence Finance, and Anemoy Capital.