Group Behind Mento, EVM for Stable Assets on Celo, Raises $10M, Publishes Roadmap
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Mento Labs, the group behind Mento, a decentralized EVM platform for introducing and running steady possessions on Celo, revealed its $10M raise supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures and w3.fund. According to the group: “Mento likewise released a stablecoin roadmap detailing the addition of regional digital currencies PUSO (Philippines), cCOP (Colombia) and cGHS (Ghana) to its growing lineup of decentralized stablecoins.” According to the task documents: “The Mento stability procedure can be considered a system for over-collateralized, decentralized and transparent steady possessions in which a crypto reserve is utilized to enable users to change the supply of Mento steady properties in reaction to modifications in need. The procedure enables users to exchange Mento steady properties with reserve security possessions.” The Mento reserve was formerly called the Celo reserve.
Visualization of the Mento exchange system (Mento)
Neon EVM, Ethereum Environment Deployed as Program on Solana, Adopts Network Extensions as Category
Neon EVM, a totally suitable Ethereum environment constructed on the Solana blockchain, has actually officially embraced “Network Extensions” as a brand-new item classification, broadening Solana's performances. According to the group: “Unlike conventional layer-1 or layer-2 blockchains, Neon EVM runs as a program straight on Solana, boosting designer and user experiences. By abstracting the intricacies of the EVM layer, Neon EVM allows smooth release on Solana, while users take advantage of Solana-native gas costs and a combined dApp experience.”
Non-Custodial Staking Project P2P.org Launches Revenue-Sharing Program for Delegators on EigenLayer
P2P.org, a job for non-custodial staking services, introduced its first-ever revenue-sharing program for delegators on EigenLayer. According to the group: “This program permits delegators to share in the validator's monetary success. P2P.org is the very first validator on EigenLayer to use profits sharing, providing delegators advantages beyond basic staking benefits and a direct stake in the platform's success. As the biggest operator on EigenLayer by TVL, P2P.org will provide its largest-ever income share, offering substantial worth to delegators. Turning delegators from passive individuals into active stakeholders.”
Cooperative, Restaking Protocol, Integrates With Data-Availability Project Avail
Cooperative, a permissionless restaking procedure on Ethereum, is incorporating with the data-availability job Avail, “so its designers can bootstrap more scalable items and a brand-new environment of proven services,” according to the Avail group: ‘New information schedule services for Symbiotic designers allows the effective development of brand-new classes of ingenious applications utilizing a vast array of verified services,
