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Mento V2 Review: What to Know Before Using It

Mento is a protocol for creating stablecoins and swapping or managing Celo assets. The app’s fees, custody model and safety details are not clear enough to judge before you connect a wallet.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

Mento V2 key facts

Mento V2 key facts
TypeStablecoin protocol and Celo asset app
NetworkCelo is identified as its live network
StablecoinsIncludes cUSD, cEUR and cREAL
TokenMENTO
Value locked$8.66M−1.9% 7d
Audits2 audits listed
Updated

Mento V2 FAQs

What is Mento V2?

Mento is a protocol for launching stablecoins pegged to different currencies. Its app is described as a place to swap and manage Celo assets.

What can you do with the Mento app?

The app is described as supporting swaps and liquidity management for Celo assets. Check the app for the assets and networks currently available before connecting your wallet.

What fees does Mento charge?

Mento’s fees are not published in the project details here, so check the transaction screen before confirming a swap. You will also need to account for network transaction costs when using an on-chain app.

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How we checked

Sources

  1. defillama.com/protocol/mento-v2(opens in a new tab)

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