A sustainable protocol that enables the creation of stable value digital assets.
Mento’s mission is to enable the development of natural-capital backed stable assets that strengthen communities, preserve the environment, and help bring prosperity to all. Now more than ever, the world needs transparent, open-source, and permissionless stable assets.
The protocol is comprised of self-executing governable smart contracts. Anyone can contribute to & control is in the hands of the community.
By introducing natural capital-backed assets to the reserve, the usage of Mento stables can contribute to preserving natural resources.
Diversification of the reserve collateral helps reduce risk and improves the overall protocol stability.
Trust begins with transparency and the mento protocol is built with transparency from the ground up. All code is opensource and the reserve holdings are publicly available.
The Mento reserve is publicly available for all to see. By using crypto assets in the reserve, all transactions can happen on-chain, decentralised and in a fully-auditable way.
Since its launch, Mento has worked as intended by providing stability without significant depegs. However, increasing stability further should not be the sole focus of future developments.
To better support the sustainable growth of Mento stables, new innovations are required to increase the protocol's robustness and provide a solid foundation for stable assets as use cases scale.
Mento 2.0 is the next iteration of the protocol that will define what it means to be a stable asset platform.Learn more about Mento 2.0
Mento's home is and always will be CELO. The CELO blockchain is a mobile-first layer 1 with the mission to build a financial system that creates the conditions for prosperity for everyone. In the same way that Celo can be the home to other stable assets, we envision a future where Mento assets live on different blockchains.
Mento Labs is a collection of engineers, economists and multi-disciplinary individuals focused on sustainable, stable assets. The group is composed of individuals from different backgrounds aligned with the Mento mission.