Mento South African Rand(ZARm)

Stablecoin Information

ZARm is a ZAR-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 ZARm against it.

Category:crypto-backed

Minting and Redemption

ZARm is minted by depositing collateral into a Mento CDP (trove) and borrowing ZARm against it. Repaying the borrowed ZARm closes or reduces the trove and releases the USDm collateral.

Audits:Yes