# MGP-15: Mento Protocol Foundation Funding Request

**URL:** <https://forum.mento.org/t/mgp-15-mento-protocol-foundation-funding-request/104>\
**Category:** Governance\
**Created:** [February 13, 2026, 12:53pm UTC](https://forum.mento.org/t/mgp-15-mento-protocol-foundation-funding-request/104 "2026-02-13T12:53:26Z")\
**Posts on this page:** 1\
**Showing post:** 1

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**Author:** ![bogdan](https://avatars.discourse-cdn.com/v4/letter/b/ce7236/32.png) [@bogdan](https://forum.mento.org/u/bogdan)\
**Post date:** [February 13, 2026, 12:53pm UTC](https://forum.mento.org/t/mgp-15-mento-protocol-foundation-funding-request/104/1 "2026-02-13T12:53:26Z")

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## TL;DR

The Mento Protocol Foundation is requesting up to $3.75M from the Mento Protocol Reserve over-collateralization, to be pulled on-demand to support the following:

- Future expenses tied to orchestrating a successful token launch in Q2.

- Ongoing development and operational costs tied to the upcoming Mento V3 deployment on Celo, Monad, and beyond.

- External liabilities and Mento Protocol Foundation operational costs.

* * *

## Motivation

The Mento ecosystem and the industry as a whole are at a pivotal point. We’re gearing up for a truly exciting release: **Mento V3.** It will be our largest release to date and our first cross-chain expansion to the Monad ecosystem. Mento Labs has committed to a March go-live date for V3 on both Celo and Monad (see: [MGP-14: Mento V3 Deployment)](https://forum.mento.org/t/mgp-14-mento-v3-deployment-phase-1/103).

With Mento V3, the protocol transitions from a decentralized stable token issuance protocol to an on-chain FX powerhouse, with a specialized DEX based on FPMM pools (see [whitepaper](https://github.com/mento-protocol/whitepaper/blob/main/Mento_Whitepaper.pdf)). The advent of more and more high-quality non-USD stablecoins such as BRLT (Trace Finance), EURAU (AllUnity), Qivalis, and Stablecorp, to name just a few, all sharing the same issues with classical AMMs, and more and more cross border payments corridors seeing volume on-chain, gives us a clear growth path.

Additionally, the Mento Reserve’s primary objective is to protect stable token holders’ funds and ensure the protocol’s longevity. Mento Labs has been in charge of those operations and has been moving out of volatile crypto assets as much as possible over the last year, ensuring we have strong overcollateralization at approximately 1.4x, resulting in ~$6.7M in overcollateralization.

With all this in mind, the Mento Protocol Foundation proposes an allocation of **$3.75M** to support:

- Future expenses tied to orchestrating a successful Mento token launch in Q2.

- Ongoing development and operational costs tied to the upcoming Mento V3 deployment on Celo, Monad, and beyond.

- External liabilities and Foundation operational costs.

The Mento Protocol Foundation is confident this would be in the best interests of the protocol and Mento Token holders, as it would allow the Foundation to pursue the token launch from a position of strength.

* * *

## Specification

**Assets to be sold** (in order of priority):

| Priority | Asset | Notes |
| --- | --- | --- |
| 1 | **Glo Dollar (USDGLO)** | All holdings — excess stablecoin outside core backing strategy |
| 2 | **EUROC** | Excess holdings — EUR-denominated, convert to USDC |
| 3 | **ETH** | |

All assets will be converted to **USDC**.

### Reserve Impact

| Metric | Assessment |
| --- | --- |
| **Assets affected** | Non-core holdings (USDGLO, excess EUROC, potentially ETH) |
| **Amount** | USD 3.750.000 |
| **Core collateral** | Unaffected |
| **Collateralization ratio** | Remains healthy |

Per [MGP-10’s tier framework](https://governance.mento.org/proposals/79817624852068619985515935884901821263622880118971562290076370295817935556773), these assets fall outside the core Tier 0-2 allocation, making them suitable for reallocation.

* * *

## Transaction Details

No on-chain transaction is required; this is an authorisation proposal for the Reserve Foundation.

### Relevant Addresses

| Entity | Address |
| --- | --- |
| Mento Reserve | [reserve.mento.org](https://reserve.mento.org/) |
| Mento Protocol Foundation | `0x3468D23A0B1aB3Ab9A537813166A8f7ff1947014` |
| Mento Labs Multisig | `0x655133d8E90F8190ed5c1F0f3710F602800C0150` |

* * *

## References

- [MGP-14: Mento V3 deployment](https://forum.mento.org/t/mgp-14-mento-v3-deployment-phase-1/103)

- [Mento V3 Whitepaper](https://github.com/mento-protocol/whitepaper/blob/main/Mento_Whitepaper.pdf)

- [MGP-10: Restructuring the Mento Reserve](https://forum.mento.org/t/mgp-10-restructuring-the-mento-reserve-yield-on-mento-reserve-mento-funding/93) — Reserve tier framework

- Mento Reserve Dashboard: [https://reserve.mento.org/](https://reserve.mento.org/)

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