DescriptionCelo Euros (cEUR) are stablecoins that follow the Euro and are native to the Celo blockchain's Reserve system. The Celo Reserve is a system of smart contracts that uses a portfolio of cryptocurrencies to expand and contract the supply cEUR, similar to MakerDAO's lending protocol.
Category:algorithmic
Minting and RedemptionUsing the Mento app, 1 Euro worth of CELO can be sent to the CELO reserve to mint 1 cEUR, and 1 cEUR can be burned to receive 1 Euro worth of CELO.
Celo Euro (CEUR)