Stablecoin information
COPm is a COP-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 COPm against it.
Category:crypto-backed
Minting and Redemption
COPm is minted by depositing collateral into a Mento CDP (trove) and borrowing COPm against it. Repaying the borrowed COPm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.07% | +11.26% | +33.91% | 101.62m |