Swapping Stablecoins on Mento
September 27 2024
by Victoria Calmon
How to Use Mento Decentralized Stablecoins and Swap Between Them Efficiently
Mento decentralized stablecoins offer a reliable way to navigate the often-volatile world of cryptocurrency, providing stability by pegging each coin to a specific asset, such as the US Dollar or Euro. Whether you're new to Mento or just need a quick refresher, this guide will walk you through how to use Mento decentralized stablecoins and swap between them with ease.
Watch the video tutorial here.
Getting Started with Mento Stablecoins
To begin using Mento stablecoins, start by visiting mento.org.
Once on the site, simply click "Launch App" to access the platform (app.mento.org).
From here, the first step is to connect your wallet.
Mento supports a variety of wallets, including MetaMask, WalletConnect, Valora, Omni, and Trust Wallet. For this tutorial, let's proceed with MetaMask.
After selecting your wallet, click "Next" and then "Confirm" to finalize the connection. Once connected, your wallet’s balance will be displayed on the app, and you’re ready to start swapping.
Swapping Between Mento Stablecoins
Now, let’s dive into the core functionality—swapping stablecoins. In the app, navigate to the "Swap" section.
Here, you can easily swap between different stablecoins supported by the platform. For example, if you have CELO tokens and want to exchange them for cUSD, you can do so in just a few clicks.
To perform the swap, enter the amount of CELO you wish to exchange.
The platform will automatically calculate the equivalent amount of cUSD you’ll receive. Make sure to double-check the details to ensure accuracy before proceeding.
Once everything looks good, click "Swap."
And then confirm the transaction in your wallet.
The swap will be processed on the blockchain, and shortly after, your new stablecoins will appear in your wallet.
Conclusion
And that's all there is to it! You've successfully swapped stablecoins on the Mento Platform. If you have any questions or need further assistance, follow Mento Labs on Twitter/X and don’t hesitate to reach out to our support team on Discord. Happy swapping!
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