Mamo
MAMO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MAMO functions as a yield-compounding vault protocol integrated within the Moonwell ecosystem on the Base network. While the protocol exhibits genuine smart contract deployment, verified audits from Halborn and Certora, and a real-yield fee-sharing tokenomics structure (score 6.5), it faces substantial weaknesses across governance, market traction, and security. Notably, Team and Governance lacked sufficient data (-1.0) due to lack of verifiable leadership info and cross-contamination with unrelated entities sharing the name. Most critically, the protocol suffered a qualifying red-flag exploit on August 27, 2026, capping the score at <= 5.0: "On August 27, 2026, an exploit affecting the MAMO Core Market on Base was flagged by CertiK and PeckShield with approximately $8.7 million in losses." With the investigation ongoing and remediation unconfirmed, the project carries severe operational and collateral risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Mamo (MAMO)
Mamo (MAMO) is a yield-compounding vault and savings protocol deployed on the Base network, operating in connection with the Moonwell ecosystem. The protocol facilitates non-custodial vault strategies and permissioned contract upgrades. The MAMO token operates with a fixed total supply of 1,000,000,000 tokens, supporting a revenue-sharing utility through the MAMO Account that distributes platform trading fee revenue to depositors on a weekly schedule. Token allocations include vesting schedules spanning 24 months for team and development reserves alongside locked liquidity provider positions.
The project's smart contracts have been reviewed in audits conducted by Halborn and Certora, and the project hosts a bug bounty program on Sherlock. Publicly verifiable documentation regarding the protocol's leadership team is limited, and the project does not operate an independent decentralized autonomous organization (DAO) or native on-chain governance structure.
On August 27, 2026, the protocol experienced a major security incident when an attacker exploited the MAMO Core Market on Moonwell on Base, leading to approximately $8.7 million in losses. The attacker manipulated MAMO collateral pricing to borrow cbBTC, prompting the immediate implementation of emergency borrow caps across Base Core Markets while investigations remained ongoing. Alongside security risks exposed by collateral price manipulation, the MAMO token has experienced a significant price drawdown from its all-time high.