Profile
ZARm profile facts
Mento South African Rand (ZARm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg South African Rand.
- Collateral
- Shared Mento Reserve: ZARm is reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve (AUSD, sUSDS, USDT, CELO, EUROP, EURC, stETH and smaller positions via the Mento reserve dashboard), not USDm locked in a ZARm-specific trove.
- Peg mechanism
- ZARm is issued and retired through Mento V2's oracle-priced USDm/ZARm Broker/BiPoolManager constant-sum pool: a USDm-to-ZARm swap burns incoming USDm and mints outgoing ZARm, and the reverse burns ZARm, priced off the ZAR/USD oracle with spread, trading-limit, freshness and BreakerBox checks; Mento governance (MGP-18) is winding down V2 with per-token trading limits capped at outstanding supply plus 10%.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Real-Time PoR by Mento Reserve dashboard Reserve source
- Contracts
- 1 deployment tracked across Celo.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
ZARm quick answers
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What is Mento South African Rand (ZARm)?
Mento's reserve-backed South African rand stablecoin on Celo: oracle-priced USDm/ZARm Broker pool issues and retires under legacy V2; governance winding down. The static profile records its South African Rand peg mechanism as: ZARm is issued and retired through Mento V2's oracle-priced USDm/ZARm Broker/BiPoolManager constant-sum pool: a USDm-to-ZARm swap burns incoming USDm and mints outgoing ZARm, and the reverse burns ZARm, priced off the ZAR/USD oracle with spread, trading-limit, freshness and BreakerBox checks; Mento governance (MGP-18) is winding down V2 with per-token trading limits capped at outstanding supply plus 10%.
Is ZARm safe?
As of Nov 8, 2026, Pharos grades ZARm C (57/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs ZARm?
Pharos records ZARm's reserves as of Oct 27, 2026 as 29.6% AUSD (Agora Dollar), 28.1% sUSDS (Sky savings USDS), 12% USDT, and 9 smaller holdings. Reserve evidence: Real-Time PoR by Mento Reserve dashboard. Pharos classifies the backing as Crypto-Collateralized.
Can ZARm be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem ZARm?
Under the route Pharos reviewed on Jul 19, 2026, any holder can redeem ZARm for USDm. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
