Stablecoin Information
AUDm is a AUD-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 AUDm against it.
Category:crypto-backed
Minting and Redemption
AUDm is minted by depositing collateral into a Mento CDP (trove) and borrowing AUDm against it. Repaying the borrowed AUDm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +22.86% | +22.85% | -64.65% | 8,596.76 |