Stablecoin Information
Mento Euros (EURm) are stablecoins that follow the Euro and are native to the Celo blockchain's Reserve system. The Mento Reserve is a system of smart contracts that uses a portfolio of cryptocurrencies to expand and contract the supply cEUR, similar to MakerDAO's lending protocol.
Category:algorithmic
Minting and Redemption
Using the Mento app, 1 Euro worth of CELO can be sent to the CELO reserve to mint 1 cEUR, and 1 cEUR can be burned to receive 1 Euro worth of CELO.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | +15.04% | +23.05% | 1.24m | ||
| 100% | +0.00% | -24.53% | -38.00% | 218,254.22 | ||
| Allbridge | 100% | -0.01% | -0.01% | -0.01% | 7,836.53 | |
| Optics Bridge | 100% | +0.47% | +0.47% | +0.47% | 43.2 | |
| Optics Bridge | 100% | +0.20% | +0.20% | +0.20% | 10.02 |