Mento Swiss Franc(CHFm)
Market Cap$116,348
Price$1.24
Total Circulating93,977
Stablecoin Information
CHFm is a CHF-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 CHFm against it.
Category:crypto-backed
Minting and RedemptionCHFm is minted by depositing collateral into a Mento CDP (trove) and borrowing CHFm against it. Repaying the borrowed CHFm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | +0.01% | +0.06% | +0.26% | 70,582 | ||
| 0 | 0% | 0% | 23,395 |