Feature requests

India represents the largest remittance market in the world, with over $100 billion in USD worth of INR received by Indians. To capture this market, Mento should add a pegged Indian Rupee (cINR) token.

Develop meaningful risk metrics for reserve and outstanding stable asset supply and summarize risk metrics in risk monitoring dashboard. Could be on Dune e.g. Things to consider: volatility, liquidity, collateralization ratios adjusted for slippage, adjusted for non-celo assets + potentially idiosyncratic risks in case of new/exotic assets (e.g. off-chain oracle reports in case of RWA)

End users who use Mento to exchange from Celo to Stable token or other way around often exposed to high slippage (as high as 5% in some cases, when exchanging big amounts of cReal). Mostly users are not aware of this slippage, because the frontend providers (e.g. Valora) do not warn their users beforehand. Lightweight solution for Mento will be that frontend providers warn their users in case of high slippage. Another proposed solution is that Mento will revert trade above x% slippage by default unless this protection is explicitly bypassed via a parameter.

Investigate the addition of a breaker that triggers before the point stables will no longer be redeemable for their full value. https://forum.celo.org/t/draft-proposal-on-chain-circuit-breaker/3786/2?u=bayological

Buy-and-sell is the nickname for the current Mento mechanism which uses an AMM between the market and the reserve and allows the market to buy or sell CELO for a stable asset amount equivalent to the off-chain fiat price of CELO. This enables an arbitrage loop that keeps the stable assets pegged to their fiat counterparts.

The general idea is that users can time-lock liquidity into a contract and participate in arbitrage profits without the technical knowledge and financial means usually necessary. Users together provide the financial means and the contract technical knowledge. Several stakeholders could share arbitrage profits: Arbitrage liquidity providers, reserve, community fund, impact market

Stable assets currently come into existence by buying them from Mento and as validator rewards. Giving users the ability to lock collateral in IRPs (individual reserve positions) and mint stable assets against it, would introduce a new mechanism with parameters to modulate the inflation of stable assets. It could allow for more exotic reserve assets to be used as collateral with granularly set minimum reserve ratios and caps, which serve to further diversify the makeup of reserves. IRPs can also make it possible to mint Mento stable assets locally on different chains but still have them tied into the base reserve the lives on the Celo blockchain.

Acceptance criteria: final version of the design proposal is shared with the community.