Stablecoin information
KESm is a KES-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 KESm against it.
Category:crypto-backed
Minting and Redemption
KESm is minted by depositing collateral into a Mento CDP (trove) and borrowing KESm against it. Repaying the borrowed cKES closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.88% | -1.24% | -15.85% | 8.69m |