Decentralized
Stablecoin
Platform
The Mission
Mento is on a mission to revolutionize the global financial landscape by making digital currencies accessible, stable, and usable for everyone. Through its decentralized protocol and innovative features, Mento empowers communities around the world to adopt and benefit from stablecoins, fostering financial inclusion and creating new opportunities in the digital economy.
Core Building Blocks
Decentralization
The Mento Platform is a suite of self-executing governable smart contracts. Ownership of the Mento Platform is in the hands of the community.
Diversification
Diversification of the Mento Reserve collateral helps to reduce the risk and improves the overall stability of the Mento Platform.
Transparency
Trust begins with transparency, and the Mento Platform is built with transparency from the ground up. All code is open source and the Mento Reserve holdings are publicly available.
Decentralized Safeguards
The Mento Protocol is secured by innovative features like the circuit breaker & trading limits, ensuring transparent, responsive, & user-aligned protection.
Platform Features
Overcollateralized
Stable Assets
All Mento stable assets (including cUSD, cEUR, cREAL, eXOF, cKES, PUSO, and cCOP) that are live on Celo are overcollateralized with 100% backing by other stable assets (USDC, EUROC, DAI) with an additional safety net formed by volatile Mento Reserve assets (BTC, ETH, CELO). This diverse composition of the Mento Reserve offers Mento assets better security than any of the underlying collateral assets on its own.
See the reserveOn-chain Circuit
Breaker
The Mento Platform has a built-in, on chain and fully automated circuit breaker. This helps to mitigate the risks associated with Oracle dependency, such as manipulation attacks and extreme market volatility. The circuit breaker is fully decentralized and enhances the security and resilience of the Protocol by safeguarding Protocol assets.
Trading Limits
Mento's trading limits are a smart feature designed to enhance the stability and security of the Protocol. They control how much of an asset can be traded within a certain period to protect against market manipulation and volatility. These limits are flexible and can be changed by governance to respond to the market's needs, providing a safeguard that keeps trading fair and stable for everyone.
Learn moreLearn more
If you are interested in learning more about the Mento Platform, finding out what the Mento Labs team is working on, or would like to contribute to the future of Mento, please join our Discord server.