Stablecoin Information
GBPm is a GBP-pegged synthetic stablecoin on Celo, part of the Mento Protocol. It is minted via Liquity v2-style CDPs: users deposit USDm as collateral and borrow GBPm against it.
Category:crypto-backed
Minting and Redemption
GBPm is minted by depositing collateral into a Mento CDP (trove) and borrowing GBPm against it. Repaying the borrowed GBPm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 100% | -0.84% | -2.36% | -17.26% | 173,070.06 | ||
| 0.00% | +2.57% | +7.73% | -27.75% | 60,003.21 |