Mento Kenyan Shilling (KESm) stablecoin analytics
KESm is Mento's Kenyan shilling stablecoin on Celo, minted CDP-style against USDm collateral (Mento V3, a Liquity v2 fork).
Static Profile
Static stablecoin profile
Mento Kenyan Shilling (KESm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Other.
AI summary / Updated May 15, 2026
First Kenyan shilling stable in Pharos; runs on Celo via Mento's reserve-backed FX mechanism, grouped under OTHER until KES has a dedicated peg category. KESm is the first Kenyan shilling-denominated stable asset in Pharos, admitted through DefiLlama's price and...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Mento V3 Liquity-v2-style CDPs collateralized by USDm; USDm in turn is backed by the diversified Mento Reserve mix (sUSDS, CELO, EURC, USDC, USDT, axlEUROC, stETH, and smaller positions exposed via the Mento reserve dashboard).
- Peg Mechanism
- Mento V3 oracle-priced FX stablecoin minted by depositing USDm as CDP collateral and borrowing KESm against it; user-set interest rates, Stability Pool liquidations, and Liquity-style redemptions support the KESm peg, with circuit breakers and Mento reserve transparency on the upstream USDm leg.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Mento Reserve dashboard Reserve source
- Contracts
- 1 deployment tracked across Celo.
Snippet Answer
Is KESm safe?
Pharos does not mark KESm as absolutely safe. Static metadata says Mento Kenyan Shilling uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Mento Reserve dashboard; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety kesm-mento
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
KESm quick answers
What is Mento Kenyan Shilling (KESm)?
KESm is Mento's Kenyan shilling stablecoin on Celo, minted CDP-style against USDm collateral (Mento V3, a Liquity v2 fork). The static profile records its Other peg mechanism as: Mento V3 oracle-priced FX stablecoin minted by depositing USDm as CDP collateral and borrowing KESm against it; user-set interest rates, Stability Pool liquidations, and Liquity-style redemptions support the KESm peg, with circuit...
What backs KESm?
Pharos classifies KESm backing as Crypto-Collateralized. Collateral, per the static profile: Mento V3 Liquity-v2-style CDPs collateralized by USDm; USDm in turn is backed by the diversified Mento Reserve mix (sUSDS, CELO, EURC, USDC, USDT, axlEUROC, stETH, and smaller positions exposed via the Mento reserve dashboard). Reserve evidence: Real-Time PoR from Mento Reserve dashboard.
Can KESm be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for KESm, when applicable, appear in the dossier below.