Mento V2

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL counts all assets deposited as collateral to mint Mento stablecoins.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Mento V2 is published as a versioned release inside the Mento protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Mento V2 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Mento V2 is a Algo-Stables issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed across 4 chains, including Ethereum, Celo, Monad, Bitcoin. The codebase has been independently audited (1 report on file).

Mento V2 operates on 4 networks (Ethereum, Celo, Monad, Bitcoin), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Celo, Monad), so a fault on any one of them would affect a large slice of users. Price discovery relies on 3 oracle providers (cLabs, RedStone, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Mento V2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Mento V2 is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Generic.Money, DefiDollar DAO, and 3 more. These peer protocols collectively secure $69.5M in deposits, giving you a frame of reference for whether Mento V2's own TVL is at the top, middle, or tail of the category.

Frax

TVL $63.3M · 24h +0.03%

Generic.Money

TVL $3.5M · 24h +0.00%

DefiDollar DAO

TVL $864.2K · 24h +3.23%

Lumi Finance

TVL $841.8K · 24h -0.17%

Sigmausd

TVL $565.7K · 24h -2.12%

SPOT Cash

TVL $384.8K · 24h +2.82%