# \[Direct to AIP\] Aave V3 Mantle – Collateral Enablement, eMode Expansion, and Isolation Updates (USDT0, USDe, ETH, XAUT)
**URL:** https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153
**Category:** General
**Created:** [February 24, 2026, 1:51pm UTC](https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153 "2026-02-24T13:51:33Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@ACI](https://governance.aave.com/u/ACI)
#### Post date: [February 24, 2026, 1:51pm UTC](https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153/1 "2026-02-24T13:51:33Z")
# [Direct to AIP] Aave V3 Mantle – Collateral Enablement, eMode Expansion, and Isolation Updates (USDT0, USDe, ETH, XAUT)
## Author: ACI
## Date: 2026-02-24
* * *
## Summary
This AIP proposes to implement the following configuration updates on Aave V3 Mantle Instance:
- Enable USDT0 as collateral
- Update eMode Category 2 to:
- Enable USDT0 as collateral
- Enable USDe as borrowable asset
- Remove ETH from Isolation Mode
- Add XAUT as standard (non-isolated) collateral
- Create a dedicated XAUT-Stable eMode category with:
- XAUT as collateral
- USDT0, USDC, and GHO as borrowable assets
This proposal is submitted as a Direct-to-AIP since all referenced assets are either already onboarded on Aave V3 Mantle Instance or other instances.
## Motivation
These updates aim to improve capital efficiency, stablecoin peg arbitrage functionality, and market-making capabilities on Mantle.
Enabling USDT0 as collateral and expanding eMode Category 2 to include USDT0 bas collateral and USDe as debt enhances:
- Stablecoin-to-stablecoin arbitrage
- Market-making depth
- Borrow utilization and protocol revenue
**Subject to Risk validation:**
- Removing ETH from Isolation Mode increases composability and borrowing flexibility.
- Adding XAUT as standard collateral diversifies collateral types with a gold-backed asset.
- Creating a dedicated XAUT-Stable eMode improves capital efficiency for gold-backed liquidity strategies while containing risk within a clearly segmented category.
These changes align with Aave’s objective of improving risk segmentation, capital efficiency, and revenue generation across deployments while remaining fully subject to Risk Service Provider approval.
## **Specification**
Risk Parameters will be provided by Risk Service Providers and proposal will be updated accordingly at ARFC stage.
### Disclaimer
ACI is not presenting this proposal on behalf of any third party and is not compensated for creating this proposal.
### **Next Steps**
1. Publish proposal to gather community and Service Providers feedback.
2. Publish an AIP vote for final confirmation and enforcement of the proposal.
### Copyright
Copyright and related rights waived under [CC0](https://creativecommons.org/publicdomain/zero/1.0/)
---
### Author:  [@LlamaRisk](https://governance.aave.com/u/LlamaRisk)
#### Post date: [March 1, 2026, 5:57pm UTC](https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153/2 "2026-03-01T17:57:20Z")
## Summary
LlamaRisk supports onboarding XAUt to Mantle once sufficient liquidity is bootstrapped and the Chainlink XAU/USD price feed is deployed. Due to declining WETH liquidity since launch, we recommend waiting until liquidity is meaningfully increased before removing WETH from Isolation Mode. We suggest keeping USDT0 (and other stables) collateral enabled only under E-Modes due to low liquidity and risk isolation, while supporting USDT0 as collateral and USDe as a borrowable asset within the Stablecoin E-Mode, as deficit risk is negligible given that both assets rely on the same underlying USDT/USD oracle feed. Additionally, the upcoming [Aave v3.7 upgrade](https://governance.aave.com/t/arfc-bgd-aave-v3-7/24075) will require isolated assets with non-zero LTV, such as WETH and WMNT on Mantle, to be migrated to an alternative configuration.
## XAUt
[XAUt on Mantle](https://mantlescan.xyz/token/0x6199ccd9273a1e0e41e2cc18d9dacd1e9382f58e) is deployed as `L2UpgradeableERC20` and has a total supply of ~4,995 ($25.9M) as of February 27, 2026, representing approximately 0.7% of XAUt supply of 713K across all supported networks. The asset can be bridged from Ethereum Mainnet via the [Mantle: L1 Standard Bridge Proxy](https://etherscan.io/address/0x95fc37a27a2f68e3a647cdc081f0a89bb47c3012), where the tokens remain locked on Ethereum and are made available on Mantle through a lock-and-mint mechanism. The core issuance logic remains on Ethereum, as detailed in [our prior assessment](https://governance.aave.com/t/arfc-add-xaut-to-aave-v3-core-instance/22385/3).
### Liquidity
Currently, there is only a single liquidity pool for XAUt on Mantle, namely Fluxion XAUt/USDT0, with ~$220 in TVL. This level of liquidity is insufficient, and a stronger liquidity commitment would be required to support the onboarding of XAUt to Aave and ensure the proper functioning of market operations such as liquidations.
### Technological & Counterparty Risk
The XAUT technological and counterparty risks on Mantle, including smart contract risk, bug bounty program, dependency, and legal risks, remain unchanged since our [XAUt Ethereum onboarding review](https://governance.aave.com/t/arfc-add-xaut-to-aave-v3-core-instance/22385/3) and are excluded here for brevity.
### Access Control Risk
Unlike Ethereum, a role-based access control mechanism is used for XAUt on Mantle for sensitive functions:
| Controlling Addresses | Role | Functionality |
| --- | --- | --- |
| [TimelockController](https://mantlescan.xyz/address/0x8327a4ab8219f905d1b95a497adf89a3a6b5bd57) | `DEFAULT_ADMIN_ROLE` | Can grant/revoke any role |
| [Multisig A](https://mantlescan.xyz/address/0xba9026cf9d17cfa6dee95d59ab46b60a56c1e505) | `BLOCKLIST_MANAGER_ROLE` | Can add/remove users to the blocklist |
| [Multisig A](https://mantlescan.xyz/address/0xba9026cf9d17cfa6dee95d59ab46b60a56c1e505) | `PAUSER_ROLE` | Can pause the contract |
| [MantleSecurityMultisig](https://mantlescan.xyz/address/0x09734bb3980906bb217305ea6bd34256feeab105) | `UNPAUSER_ROLE` | Can unpause the contract |
| [TimelockController](https://mantlescan.xyz/address/0x8327a4ab8219f905d1b95a497adf89a3a6b5bd57) | `UPGRADER_ROLE` | Can upgrade the implementation contract |
A 1-day (86400 seconds) delay has been implemented for XAUt contract upgrades on Mantle via the [TimelockController](https://mantlescan.xyz/address/0x8327a4ab8219f905d1b95a497adf89a3a6b5bd57), which has the following role-based access control:
| **Controlling Addresses** | **Role** | **Functionality** |
| --- | --- | --- |
| [TimelockController](https://mantlescan.xyz/address/0x8327a4ab8219f905d1b95a497adf89a3a6b5bd57) | `ROLE_ADMIN` | Can update roles, including the role admin role itself |
| [MantleSecurityMultisig](https://mantlescan.xyz/address/0x09734bb3980906bb217305ea6bd34256feeab105) | `EXECUTOR_ROLE` | Can execute all proposals, including role updates |
| [MantleSecurityMultisig](https://mantlescan.xyz/address/0x09734bb3980906bb217305ea6bd34256feeab105) | `PROPOSER_ROLE` | Can schedule proposals, but can not schedule role updates |
| [MantleSecurityMultisig](https://mantlescan.xyz/address/0x09734bb3980906bb217305ea6bd34256feeab105) | `CANCELLER_ROLE` | Can unschedule proposals, but can not unschedule role updates |
The wallets controlling XAUt on Mantle are:
- [TimelockController](https://mantlescan.xyz/address/0x8327a4ab8219f905d1b95a497adf89a3a6b5bd57): Admin of the XAUt contract.
- [Multisig A](https://mantlescan.xyz/address/0xba9026cf9d17cfa6dee95d59ab46b60a56c1e505): 3/8 threshold Safe, likely controlled by Tether.
- [MantleSecurityMultisig](https://mantlescan.xyz/address/0x09734bb3980906bb217305ea6bd34256feeab105): 6/14 threshold Safe, controls TimelockController and holds unpauser role for XAUt ERC20.
### Price feed Recommendation
We recommend using the Chainlink XAU/USD feed to price XAUt, consistent with the configuration on Mainnet and Plasma. However, this feed is currently unavailable on Mantle.
## E-Mode Changes
- We do not recommend enabling USDT0 and other stablecoins as collateral under the general reserve configuration due to limited onchain liquidity and risk isolation. Currently, the USDT0/USDT pools on [Merchant Moe](https://merchantmoe.com/pool/v22/0x201eba5cc46d216ce6dc03f6a759e8e766e956ae/0x779ded0c9e1022225f8e0630b35a9b54be713736/1) and [Agni](https://agni.finance/info/v3/pairs/0x0d290c8e7f3ffa5267de4b1f9f6f6d8d578624ac) primarily facilitate USDT0 to USDT migration, and no other trading pairs with meaningful liquidity are supported. However, we support enabling USDT0 as collateral within the Stablecoin E-Mode alongside USDe as a borrowable asset, as deficit risk is negligible given that both assets rely on the same underlying oracle feed (USDT/USD).
- WETH was initially onboarded via Isolation Mode due to limited liquidity at launch, with WETH to stable swaps requiring routing through multiple pools. The Mantle team had indicated that liquidity would be increased over time; however, current WETH to USDT0 swap liquidity at 5% slippage is roughly $510K and has declined since launch. As a result, we recommend keeping WETH collateral usage constrained until WETH/stable pools are further bootstrapped.
_Source: [Odos](https://app.odos.xyz/market), February 27, 2026_
- Onboarding XAUt as LTV0 outside its dedicated Stable E-Mode category (USDT0, USDC, GHO as borrowable), combined with restrictive supply caps, would achieve a level of risk isolation similar to an Isolation Mode setup with a debt ceiling. However, current XAUt liquidity is almost non-existent, and we recommend postponing onboarding until additional liquidity is bootstrapped.
- An additional consideration is that v3.7 removes support for Isolation Mode, requiring all assets currently configured with non-zero LTV and a debt ceiling under Isolation Mode to be migrated. On Mantle, this specifically affects WETH ($73.7M supply) and WMNT ($1M supply). Constraining risk for WETH without a debt ceiling would be challenging, given the limited liquidity, as reducing supply caps would also limit the amount of WETH that can be borrowed.
The new E-Mode parameters will be aligned and presented jointly with @ChaosLabs.
### Disclaimer
This review was independently prepared by LlamaRisk, a DeFi risk service provider funded in part by the Aave DAO. LlamaRisk is not directly affiliated with the protocol(s) reviewed in this assessment and did not receive any compensation from the protocol(s) or their affiliated entities for this work.
The information provided should not be construed as legal, financial, tax, or professional advice.
---
### Author:  [@ChaosLabs](https://governance.aave.com/u/ChaosLabs)
#### Post date: [April 13, 2026, 4:47pm UTC](https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153/3 "2026-04-13T16:47:35Z")
# Overview
Chaos Labs provide the following recommendations regarding the proposed changes to the Mantle instance. First, we support the conditional listing of XAUt on the Mantle market with a dedicated Stablecoin E-Mode, subject to the availability of appropriate oracle infrastructure. Second, we do not recommend enabling USDT0 as collateral or introducing a USDT0/USDe E-Mode, given the expected limited use cases and relatively shallow liquidity of USDT0 on Mantle. Finally, we recommend setting dedicated Stablecoin E-Mode for WMNT and WETH based on their expected use case and risk profiles.
Below, we present our analysis and proposed risk parameters.
# XAUt
XAUt (Tether Gold) is a digital asset issued by TG Commodities S.A. de C.V., with each token representing ownership of one fine troy ounce of physical gold. Chaos Labs has previously provided a detailed technical analysis of XAUt in this [post](https://governance.aave.com/t/arfc-add-xaut-to-aave-v3-core-instance/22385/5). Based on our review of the latest Tether Gold quarterly reserves [report](https://gold.tether.to/reports), XAUt maintains a fully backed structure, with each token supported by at least one fine troy ounce of physical gold held in custody. The reported gold reserves closely match the total token supply, indicating a 1:1 backing between circulating XAUt and underlying gold reserves.
On Mantle, XAUt is deployed via the Mantle L1/L2 Standard Bridge, where the canonical token is escrowed on Ethereum and a corresponding representation is minted on Mantle. Currently, the total XAUt [supply](https://mantlescan.xyz/token/0x6199ccd9273a1e0e41e2cc18d9dacd1e9382f58e) on Mantle is approximately 5K, accounting for around 0.7% of the total circulating supply.
## Recommendation
### Supply Cap
Currently, XAUt has no meaningful liquidity on Mantle. However, the Mantle team has indicated that approximately $5M of liquidity is expected to be deployed to support trading. This level of liquidity should be sufficient to ensure functional market conditions from launch, supporting the safe listing of the asset. Based on this expected liquidity, we recommend setting an initial supply cap of 4K XAUt.
### Stablecoin E-Mode
We support configuring XAUT in the Mantle Core Market as non-collateral and non-borrowable, alongside the introduction of a dedicated XAUT–Stablecoin E-Mode, where XAUT is enabled as collateral and stablecoins are designated as borrowable assets. This setup enables XAUT-based liquidity strategies while maintaining a controlled risk profile by ensuring that the debt side remains limited to stable assets, avoiding scenarios where both collateral and debt are highly volatile. As a result, overall risk exposure is significantly reduced.
### Oracle
We recommend using the XAU/USD Chainlink oracle to price XAUT, in line with configurations on other Aave instances. However, as this oracle is not yet live on Mantle, this recommendation is conditional upon its availability.
# USDT0
We do not support enabling USDT0 as collateral. In practice, stablecoins are predominantly used as borrowable assets rather than collateral, as users typically seek to borrow stablecoins against more volatile assets to access liquidity. Enabling a stablecoin as collateral therefore adds limited incremental utility while potentially introducing inefficient capital usage. This is further compounded by weak liquidity conditions for USDT0 on Mantle, where approximately $850K in sell pressure to USDC results in around a 5% price impact, indicating insufficient depth to support reliable liquidation flows.
For the same reasons, we do not support introducing a USDT0/USDe E-Mode. The configuration offers limited practical demand, while liquidity between the two assets remains shallow, with ~$800K of USDT0 sold into USDe resulting in ~3% price impact. Although both assets share the same oracle, the lack of organic use case make this E-Mode difficult to justify from a capital efficiency perspective.
# WETH & WMNT
## Liquidity
As the time of this writing, WETH liquidity on Mantle is primarily concentrated in the following pools: the [WETH/cmETH Merchant Moe Liquidity Pool (4 bps)](https://merchantmoe.com/pool/v22/0xe6829d9a7ee3040e1276fa75293bde931859e8fa/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/5) with a total TVL of $1.13M, the [WETH/cmETH Angi Finance Liquidity Pool](https://agni.finance/info/v3/pairs/0x0d9e39d357337edde4a9bc12178da40256e2f533) with a total TVL of $1.12M, the [WETH/cmETH Merchant Moe Liquidity Pool (1 bps)](https://merchantmoe.com/pool/v22/0xe6829d9a7ee3040e1276fa75293bde931859e8fa/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/1) with a total TVL of $277.56K, and the [WETH/mETH Merchant Moe Liquidity Pool](https://merchantmoe.com/pool/v22/0xcda86a272531e8640cd7f1a92c01839911b90bb0/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/2) with a total TVL of $316.34K. These pools facilitate swaps between cmETH and WETH; however, liquidity between WETH and other assets remains very limited. Currently, selling approximately $220K worth of WETH would result in around a 5% price impact, indicating shallow market depth and insufficient liquidity resilience.
At the same time, MNT liquidity is primarily concentrated in the [WMNT/USDe Merchant Moe pool](https://merchantmoe.com/pool/v22/0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34/MNT/25) (TVL ~$3.77M), the [WMNT/USDT0 Merchant Moe pool](https://merchantmoe.com/pool/v22/MNT/0x201eba5cc46d216ce6dc03f6a759e8e766e956ae/25) (TVL ~$1.23M), and the [WMNT/USDe Agni Finance pool](https://agni.finance/info/v3/pairs/0xeafc4d6d4c3391cd4fc10c85d2f5f972d58c0dd5) (TVL ~$3.33M). However, these pools only support selling approximately $700K worth of WMNT within ~5% price slippage, also showing insufficient market depth.
## Stablecoin E-Mode
Given the limited on-chain liquidity for WMNT and WETH on Mantle, combined with their nature as volatile assets, we believe that limiting the debt side to stablecoins where possible would materially reduce protocol risk. Limited liquidity increases slippage during stress events, weakening liquidation efficiency and making it more difficult to reliably unwind positions. By constraining debt exposure toward stablecoins, risk is more effectively concentrated on the collateral side, reducing the likelihood and severity of liquidation cascades.
For WMNT specifically, this approach is also consistent with expected user behavior. Using WMNT as collateral to borrow other volatile assets is not a typical or intended use case. Therefore, restricting WMNT collateral usage to a dedicated Stablecoin E-Mode would improve the protocol’s risk profile without materially affecting legitimate user demand.
Currently, this behavior is implicitly enforced through Isolation Mode and debt ceilings. However, both WMNT and WETH are expected to be removed from Isolation Mode as part of the Aave v3.7 upgrade, which would eliminate these constraints. To preserve the intended risk profile post-upgrade, we recommend introducing a dedicated Stablecoin E-Mode for WMNT with parameters aligned to existing configurations, and restricting WMNT collateral usage exclusively within this E-Mode. This would ensure WMNT can only be used efficiently to borrow stablecoins in a controlled environment while preventing exposure to other volatile assets.
For WETH, while the rationale for introducing a Stablecoin E-Mode remains strong given Mantle’s liquidity constraints, we believe broader collateral usage should remain supported. Compared with WMNT, WETH benefits from deeper liquidity, more mature market infrastructure, and broader market acceptance, making its use as collateral to borrow other volatile assets a more relevant and legitimate use case. As such, we recommend introducing a dedicated Stablecoin E-Mode for WETH with more favorable borrowing parameters to encourage safer stablecoin borrowing, while still allowing WETH to be used as collateral outside of E-Mode under the Core Instance’s more conservative risk parameters. This balances risk mitigation with user flexibility and preserves WETH’s broader utility within the protocol.
# Specification
### **Mantle Core Market Configuration**
### Stablecoin E-Mode Configuration
**XAUt Stablecoin E-Mode Configuration**
**WETH Stablecoin E-Mode Configuration**
**WMNT Stablecoin E-Mode Configuration**
# **Disclaimer**
Chaos Labs has not been compensated by any third party for publishing this recommendation.
# **Copyright**
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain)
---
### Author:  [@LlamaRisk](https://governance.aave.com/u/LlamaRisk)
#### Post date: [April 15, 2026, 11:13pm UTC](https://governance.aave.com/t/direct-to-aip-aave-v3-mantle-collateral-enablement-emode-expansion-and-isolation-updates-usdt0-usde-eth-xaut/24153/4 "2026-04-15T23:13:29Z")
# Summary
We note the parameter recommendations made by Chaos Labs for the removal of Isolation Mode to WETH and WMNT due to Version 3.7 ending support for this parameter, increased supply/borrow caps for WETH, and the onboarding of XAUt. Based on our analysis, we support the parameter changes to WMNT, which has sufficient secondary market sell liquidity and limits exposure to a WMNT/stablecoin E-mode. We additionally support the onboarding parameters set out for XAUt. XAUt pool liquidity is yet to be seeded, with the Mantle team indicating that $5M in liquidity will be deployed. This level of liquidity is reasonable to support XAUt/stablecoin E-Mode, with the launch of the asset being contingent upon adequate seed liquidity being deployed.
In contrast, we do not support the parameters proposed for WETH, given the lack of liquidity to support the proposed parameter changes, and it remains a challenge to constrain risk without Isolation Mode. The current $30M debt ceiling for WETH has been reached and is presently not sufficiently covered by the available onchain liquidity in the event of liquidations.
We are coordinating with the Mantle team to provide a resolution to the liquidity shortfall before we can support the WETH parameter changes.
## XAUt
No pools have been deployed for XAUt, however, $5M has been committed by the Mantle team. The proposed XAUt/Stablecoin E-Mode and supply cap of 4K ($19.1M) would represent an almost 4x exposure with respect to the expected liquidity. We support these initial parameters with conservative adjustments, should liquidity and demand conditions change.
## **WETH**
Since our [initial analysis](https://governance.aave.com/t/arfc-deploy-aave-v3-on-mantle/20542/14), WETH liquidity has deteriorated, with only 65 WETH (~$155K) available for swap within a 5.5% slippage range. Importantly, routing relies on multiple hops between different assets and liquidity venues to acquire USDT0. As shown in the table below, WETH liquidity venues are concentrated in ETH-correlated pairs, with 3 pairs accounting for the most liquidity depth.
_Source: LlamaRisk, April 14, 2026_
We thus do not support the proposed parameter changes to WETH, the current isolation mode debt ceiling already overly exposes Aave to potential liquidation bottlenecks in the event of an ETH downward price change. While the debt ceiling has been reached, current secondary market liquidity is not supportive of an increase or the removal of the ceiling. Chaos Labs proposal to remove the debt ceiling and increase caps to 80,000/74,000 WETH would worsen the adverse exposure conditions for Aave.
_Source:_ [_Odos_](https://app.odos.xyz/market)_, April 14, 2026_
| **Pairs** | **TVL** | **DEX** |
| --- | --- | --- |
| wrsETH/WETH | $2.37M | [Merchant Moe](https://merchantmoe.com/pool/v22/0x93e855643e940d025be2e529272e4dbd15a2cf74/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/5) |
| cmETH / WETH | $1.3M | [Merchant Moe](https://merchantmoe.com/pool/v22/0xe6829d9a7ee3040e1276fa75293bde931859e8fa/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/5) |
| cmETH / WETH | $299K | [Merchant Moe](https://merchantmoe.com/pool/v22/0xe6829d9a7ee3040e1276fa75293bde931859e8fa/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/1) |
| mETH / WETH | $325K | [Merchant Moe](https://merchantmoe.com/pool/v22/0xcda86a272531e8640cd7f1a92c01839911b90bb0/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/2) |
| MNT / WETH | $46K | [Merchant Moe](https://merchantmoe.com/pool/v22/MNT/0xdeaddeaddeaddeaddeaddeaddeaddeaddead1111/10) |
| WETH / cmETH | $1.26M | [Agni Finance](https://agni.finance/info/v3/pairs/0x0d9e39d357337edde4a9bc12178da40256e2f533) |
## **WMNT**
In contrast, swap efficiency for MNT has improved, with 2.2M WMNT ($1.45M) that can be swapped for USDT0 within a 10% slippage range. With liquidity concentrated in USDe pairs, WMNT swaps are routed more efficiently into stables, with USDe offering deeper liquidity venues into USDT. We thus support the parameters proposed for WMNT, limiting exposure to a stablecoin E-Mode and the removal of the isolated debt ceiling.
_Source:_ [_Odos_](https://app.odos.xyz/market)_, April 14, 2026_
| **Pairs** | **TVL** | **DEX** |
| --- | --- | --- |
| USDe / MNT | $3.67M | [Merchant Moe](https://merchantmoe.com/pool/v22/0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34/MNT/25) |
| MNT / USDT | $1.23M | [Merchant Moe](https://merchantmoe.com/pool/v22/MNT/0x201eba5cc46d216ce6dc03f6a759e8e766e956ae/25) |
| MOE / MNT | $284K | [Merchant Moe](https://merchantmoe.com/pool/v1/0x4515a45337f461a11ff0fe8abf3c606ae5dc00c9/MNT) |
| WETH / MNT | $46K | Merchant Moe |
| USDe / MNT | $3.32M | [Agni Finance](https://agni.finance/info/v3/pairs/0xeafc4d6d4c3391cd4fc10c85d2f5f972d58c0dd5) |
### **Disclaimer**
This review was independently prepared by LlamaRisk, a community-led non-profit decentralized organization funded in part by the Aave DAO. LlamaRisk is not directly affiliated with the protocol(s) reviewed in this assessment and did not receive any compensation from the protocol(s) or their affiliated entities for this work.
The information provided should not be construed as legal, financial, tax, or professional advice.