Mento

Mento

Exhange Launched
22-06-2020

Rating

NR

Number Coins

2

Number Market Pairs

-1

Traffic Score

0

Volume 24h

$-1 (-1)

Volume 7d

$-1 (-1)

Volume 30d

$-1 (-1)

Maker Fee

0%

Taker Fee

0%

Exchange Score

2.8202

Derivative Volume

$0

Spot Volume

$413.03 K

Liquidity 24h

Launched On

22-06-2020
About Mento

Mento is an automated market maker (AMM) type of decentralized exchange that’s native to the Celo platform. It’s responsible for helping the Celo Dollar (cUSD) maintain its peg to the USD. When demand for the stablecoin increases the Celo protocol mints cUSD and ‘sells’ them for CELO (Celo’... More...

Links
Website:
https://p2pb2b.io/
https://www.binance.com/
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https://blockchain.com/
https://app.mcdex.io/trade/00001/?chainId=42161
https://www.aryana.io/
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https://www.altcointrader.co.za/
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https://txbit.io/
https://www.bit4you.io/our-markets
https://zilswap.io
https://stats.balanced.network/
https://swap.wault.finance/#/swap
https://dex.defichain.com/mainnet/pool
https://1inch.exchange
https://app.dodoex.io
http://bqtx.com/
https://secretanalytics.xyz/siennaswap
https://dmm.exchange
https://valuex.cc/en-us
https://coinmate.io
https://polkaswap.io/
https://dmm.exchange
https://clipper.exchange/
https://www.mexo.io
https://mento.finance/
Twitter:
https://twitter.com/celoorg
Chat:
http://chat.celo.org/

Historical Chart by Exchange Volume (USD)

About Mento

Mento is an automated market maker (AMM) type of decentralized exchange that’s native to the Celo platform. It’s responsible for helping the Celo Dollar (cUSD) maintain its peg to the USD. When demand for the stablecoin increases the Celo protocol mints cUSD and ‘sells’ them for CELO (Celo’s native asset) via Mento. The CELO assets are used as cUSD collateral and are stored in the Celo reserve. This all happens on-chain. If demand for cUSD decreases then the reverse process happens. Mento arbitrage opportunities arise in cases where there’s cUSD/USD depeg. This incentive for traders should help restore the cUSD/USD peg. More info here: https://medium.com/celoorg/zooming-in-on-the-celo-expansion-contraction-mechanism-446ca7abe4f