# Mento Protocol

> The Future of Onchain FX

Mento is a decentralized protocol that enables the creation and exchange of multi-currency stablecoins without centralized intermediaries.

Mento helps users access stable digital currencies by providing a hybrid stability protocol for multi-currency stablecoins. With it, users can mint, redeem, and exchange stablecoins pegged to fiat currencies, participate in decentralized governance, and access global FX markets. Mento aims to reduce barriers to stable value transfer across borders and currencies.

- Type: Project
- Sector: Finance
- Status: Active
- Founded: 2022-04-01
- Profile: https://thegrid.id/profiles/mento_protocol

## Products

- [Mento Platform](https://thegrid.id/profiles/mento_protocol): Mento Platform implements multi-currency stablecoin creation through over-collateralized reserves and hybrid stability mechanisms. The system enables permissionless minting and redemption of stablecoins pegged to fiat currencies, features a Stablecoin Factory for custom deployments, and maintains the Mento Reserve for transparent onchain backing verification. (Stablecoin Issuer, Live, Main Product)
- [Mento Asset Exchange](https://thegrid.id/profiles/mento_protocol): Mento Asset Exchange implements virtual automated market maker functionality for foreign exchange trading between stablecoins. The system enables instant currency swaps at real-world FX rates using dynamic mint and burn mechanisms without traditional liquidity pools. (Decentralised Exchange, Live)

## Assets

- [Mento Token (MENTO)](https://thegrid.id/profiles/mento_protocol): MENTO is the governance token of Mento Protocol. It is used to vote on protocol proposals by locking tokens to receive veMENTO, and to control fee structures, risk parameters, oracle providers, and treasury allocation. The longer tokens are locked, the greater the voting power, using the ve-Token model inspired by Curve Finance to align governance influence with long-term commitment to the protocol's success. (Governance)
- [Celo Dollar (cUSD)](https://thegrid.id/profiles/mento_protocol): cUSD is a USD-pegged stablecoin issued by the Mento Protocol on the Celo network. It is minted by users sending CELO or other reserve assets to the protocol, with those assets held as collateral in the Mento Reserve. Users can burn cUSD by redeeming it for its equivalent value in CELO, creating arbitrage opportunities that help maintain the peg through algorithmic supply adjustments. (Stablecoin)
- [Celo Euro (cEUR)](https://thegrid.id/profiles/mento_protocol): cEUR is a EUR-pegged stablecoin managed by the Mento Protocol on the Celo blockchain. It is used for payments, remittances, and as a stable store of value for users seeking European currency exposure. The protocol maintains its peg through over-collateralized reserves and enables instant minting and redemption via a virtual automated market maker that uses dynamic supply adjustments rather than traditional liquidity pools. (Stablecoin)
- [Celo Brazilian Real (cREAL)](https://thegrid.id/profiles/mento_protocol): cREAL is a Brazilian Real-pegged stablecoin managed by the Mento Protocol on the Celo blockchain. It is used for payments, remittances, and as collateral in DeFi applications. Unlike fiat-backed stablecoins, it uses an over-collateralized algorithmic stability mechanism supported by crypto assets like Bitcoin and Ethereum in the Mento Reserve to maintain its peg transparently without centralized counterparty risk. (Stablecoin)
- [Celo West African CFA franc (eXOF)](https://thegrid.id/profiles/mento_protocol): eXOF is a West African CFA franc-pegged stablecoin created through the Mento Protocol on Celo. It is used for payments, remittances, savings, lending, borrowing and everyday transactions in Central and Western Africa. The stablecoin tracks the value of the CFA Franc, a currency shared by 14 African states that are divided into two currency zones, enabling digital access to a regional fiat currency through decentralized infrastructure rather than traditional banking systems. (Stablecoin)
- [Celo Kenyan Shilling (cKES)](https://thegrid.id/profiles/mento_protocol): cKES is a Kenyan Shilling-pegged stablecoin issued by the Mento Protocol on the Celo blockchain. It is used for payments, remittances, and as a stable store of value for East African users. The protocol uses a dynamic mint and burn mechanism with oracle-based pricing to maintain the peg, allowing users to exchange cKES directly with the Mento Reserve rather than relying on traditional liquidity pools. (Stablecoin)

## Links

- [Main](https://www.mento.org)
- [Documentation](https://docs.mento.org)
- [Governance](https://governance.mento.org)
- [Media Kit/branding](https://drive.google.com/drive/folders/1el-gwutBhlCFpLZYBpTBG1Biy3twngTP)
- [Whitepaper](https://github.com/mento-protocol/whitepaper)
- [Forum](https://forum.mento.org)
- [Privacy policy](https://www.mento.org/privacy)
- [Discord](https://discord.gg/Mento Discord)
- [GitHub](https://github.com/mento-protocol)
- [Twitter / X](https://x.com/mentolabs)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP