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% | >-0.0001% | -1.30% | +36.66% | 206,454.95 | ||
| 0 | >-0.0001% | -14.26% | -26.70% | 68,147.96 |