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:
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | >-0.0001% | -14.98% | 8.8m |