This proposal outlines the final steps for the launch of the $cCOP stablecoin, proposed by Celo Colombia DAO, on the Mento platform.
The proposal includes transactions that when executed will do the following:
For a detailed explanation of the transactions involved in this process, please refer to the following forum post
Check the forum post for a detailed description of the proposed changes.
Check the forum post for a detailed description of verification steps.
There are couple of risks factors to take into account when launching new stablecoin like $cCOP:
In conjunction with the Mento team the contract changes have been thoroughly tested, in addition to putting tight limits and circuit breakers during the initial launch phase to protect the Mento Reserve and $cCOP holders.