
syk233 $M | 🐜|Aug 01, 2025 02:34
There are already many project parties working on stock listing, but this is the first time I have heard that Mentolabs @ MentoLabs is working on forex listing!
one ⃣ What is Mentolabs?
Mento Labs is an independent blockchain innovation team spun off from Celo, focusing on developing the Mento protocol - a multi currency, on chain stablecoin issuance and exchange platform. Simply put, you can exchange euros directly into Japanese yen through Mento, without the need for intermediaries like US dollars! Compared to the traditional foreign exchange market, Mento also has significant advantages:
① Support 7X24 hour trading
② All transactions are on chain, very transparent
③ No need for KYC
two ⃣ Mentolabs Core Product - User Side
For users, you can trade stablecoins on Celo, mobile devices, or other chains
① On Celo
Click to connect to a wallet compatible with Celo, select your input token, choose the stablecoin you want, enter the amount and confirm the exchange
② On mobile devices
Valora wallet and MiniPay wallet both support it, with a focus on MiniPay:
MiniPay is a self managed stablecoin wallet based on the Celo blockchain. Mento has partnered with MiniPay and has linked over 800w users with a total of 700 million on chain transactions. $15 billion has been settled through Mento
Download the MiniPay app store on Google Play, use Google login to create an account, verify phone numbers, and add funds using available methods
③ Other chains
Squid Router: SquidRouter V2 is a convenient tool that can be used to access Mento stablecoins. It allows you to mint and exchange Mento stablecoins using other Celo assets as well as other assets on the blockchain
three ⃣ Mentolabs Core Product - Starting Point
For developers, the Mento protocol can be directly integrated into the project:
①Integrate Stables
Add support for Mento stable assets in your DeFi protocol, wallet, payment system, or exchange
②Integrate the Broker
Directly connected to Mento's on chain trading infrastructure to achieve efficient gas exchange between stable assets, utilizing Mento's liquidity to build aggregators, trading interfaces, or arbitrage systems
③Integrate Oracles
Utilize Mento's decentralized price information infrastructure to obtain reliable foreign exchange rates and apply real-time data to DeFi protocols, analysis platforms, or risk management systems
Summary: Mentolabs is currently the leading project on the foreign exchange blockchain, and foreign exchange is the main trading scenario for stablecoins. Currently, stablecoins are also popular among the hot ones, so Mentolabs is very worthy of long-term attention!
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