Mento Labs Project Introduction, Team, Financing and News

Performances

RD Popularity Index

3350.00% (24h)

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Project Rank: 2509/15433

RD Growth Index

1490.30% (24h)

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Project Rank: 3710/15433

Comparison

Team

Markus F.

Co-Founder, President of Mento Foundation

Related News

Oct 17, 2024

Digital asset solution Mento Labs completes $10 million financing, with participation from HashKey Capital and others

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Details

Mento Labs is a blockchain infrastructure company spun out of cLabs in 2022, headquartered in Berlin, operating the Mento Protocol—a decentralized multi-currency stablecoin platform. Its core is onchain FX infrastructure: via the Mento Asset Exchange, users can swap between stablecoins (e.g., USDm, EURm, KESm) and assets like USDC at real-world FX rates. The mechanism uses Fixed-Price Market Makers (FPMMs) quoting oracle rates rather than deriving price from reserves, eliminating AMM slippage and loss-versus-rebalancing, supplemented by trading limits, circuit breakers, and rebalancing strategies. Developers can integrate via the Mento SDK, while MENTO token holders govern the protocol.

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Founded:

2022

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