Mento Japanese Yen(JPYm)
Market Cap$132,037
Price$0.0062
Total Circulating21.31m
Stablecoin Information
JPYm is a JPY-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 JPYm against it.
Category:crypto-backed
Minting and RedemptionJPYm is minted by depositing collateral into a Mento CDP (trove) and borrowing JPYm against it. Repaying the borrowed JPYm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 0% | +0.06% | +0.29% | 16.55m | ||
| 0 | < 0.0001% | < 0.0001% | 4.76m |