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:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.27% | +0.55% | -98.65% | 11,001.49 |