Stablecoin Information
COPm is a COP-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 COPm against it.
Category:crypto-backed
Minting and Redemption
COPm is minted by depositing collateral into a Mento CDP (trove) and borrowing COPm against it. Repaying the borrowed COPm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | >-0.0001% | +0.39% | -12.68% | 68.26m |