Mento South African Rand(ZARm)
Market Cap$34,048
Price$0.061
Total Circulating560,522
Stablecoin Information
ZARm is a ZAR-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 ZARm against it.
Category:crypto-backed
Minting and RedemptionZARm is minted by depositing collateral into a Mento CDP (trove) and borrowing ZARm against it. Repaying the borrowed ZARm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -14.39% | +5048% | +296% | 560,522 |