Mento Ghanaian Cedi(GHSm)
Market Cap$23,096
Price$0.089
Total Circulating260,207
Stablecoin Information
GHSm is a GHS-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 GHSm against it.
Category:crypto-backed
Minting and RedemptionGHSm is minted by depositing collateral into a Mento CDP (trove) and borrowing GHSm against it. Repaying the borrowed GHSm closes or reduces the trove and releases the USDm collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | +2.86% | +6.59% | 260,207 |