Mento Colombian Peso(COPm)

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:Yes