Mento

Thing ∙ ID: 10951

Mento is a native Automated Market Maker (AMM) on the Celo platform, crucial for maintaining the Celo Dollar (cUSD) peg to USD. It manages cUSD supply by minting and burning coins to stabilize demand. Mento creates arbitrage opportunities during cUSD/USD depegs, incentivizing traders to restore the peg, contributing to stability and liquidity in the Celo decentralized finance infrastructure.