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% | -0.50% | 11.5m | ||
| 0.00% | +10.83% | +10.83% | -11.75% | 4.03m |