
Mento
40 Watchlists
DeFi
Status
What is Mento?
Mento is a decentralized protocol designed to create and manage stable-value digital assets. Operating transparently, Mento facilitates the issuance and exchange of these stablecoins, ensuring they maintain a consistent value relative to specific fiat currencies or assets. The protocol employs a reserve-backed mechanism, where each stablecoin is fully collateralized by a reserve of diversified assets, providing stability and trust. Mento integrates with various exchanges, both centralized (CEXs) and decentralized (DEXs), enabling users to acquire or trade stablecoins seamlessly across different platforms. Developers can interact with Mento through its suite of smart contracts and software development kits (SDKs), facilitating integration into decentralized applications (dApps) and other blockchain-based services. The protocol also incorporates an oracle system to provide accurate and up-to-date price feeds, essential for maintaining the peg of its stablecoins.
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