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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 Redemption
CHFm 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:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.04% | +0.09% | +0.25% | 52,104.38 | ||
| 0.00% | +0.00% | -5.55% | -0.50% | 20,790.46 |