Watch this video to get an intro to the Celo Stability Mechanism. Please note that "Celo Gold" is the deprecated name for "CELO".
Stability Mechanism
Overview of the Celo protocol's Stability Mechanisms.
warning
As of block height 31,056,500 (March 26, 2025, 3:00 AM UTC), Celo is no longer a standalone Layer 1 blockchain—it is now an Ethereum Layer 2! Some documentation may be outdated as updates are in progress. If you encounter issues, please file a bug report.
For the most up-to-date information, refer to our Celo L2 documentation.
Stability of Mento Stablecoin Protocol
The Celo protocol's stability mechanism comprises the following: