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 Redemption
JPYm 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 | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | <0.0001% | +0.23% | 11.52m | ||
| 0.00% | >-0.0001% | >-0.0001% | +16.90% | 4.26m |