Mento Kenyan Shilling(KESm)
Market Cap$163,523
Price$0.0077
Total Circulating21.29m
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 RedemptionKESm 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 | < 0.0001% | 0% | 0% | 21.29m |