Mento Australian Dollar(AUDm)
Market Cap$89,909
Price$0.7
Total Circulating129,125
Stablecoin Information
AUDm is a AUD-pegged synthetic stablecoin on Celo, part of the Mento Protocol. It is minted via Liquity v2-style CDPs: users deposit USDm as collateral and borrow AUDm against it.
Category:crypto-backed
Minting and RedemptionAUDm is minted by depositing collateral into a Mento CDP (trove) and borrowing AUDm against it. Repaying the borrowed AUDm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | +4.46% | +24.97% | +7.04% | 129,125 |