Mento Kenyan Shilling (KESm) stablecoin analytics
KESm is Mento's reserve-backed Kenyan shilling stablecoin on Celo, issued and retired through the oracle-priced USDm/KESm Broker pool.
Static Profile
Static stablecoin profile
Mento Kenyan Shilling (KESm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Kenyan Shilling.
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
- Shared Mento Reserve: Mento's pinned analytics configuration classifies KESm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in a KESm-specific borrower trove.
- Peg Mechanism
- KESm is issued through Mento v2's USDm/KESm Broker and BiPoolManager exchange. A USDm-to-KESm swap burns incoming USDm and mints outgoing KESm; the reverse burns KESm and mints USDm. The virtual pool prices swaps from the KES/USD SortedOracles feed and applies spread, trading-limit, report-count, freshness, and BreakerBox checks.
- 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 reserve-backed Kenyan shilling stablecoin on Celo, issued and retired through the oracle-priced USDm/KESm Broker pool. The static profile records its Kenyan Shilling peg mechanism as: KESm is issued through Mento v2's USDm/KESm Broker and BiPoolManager exchange. A USDm-to-KESm swap burns incoming USDm and mints outgoing KESm; the reverse burns KESm and mints USDm. The virtual pool prices swaps from the KES/USD...
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.
What backs KESm?
Pharos classifies KESm backing as Crypto-Collateralized. Collateral, per the static profile: Shared Mento Reserve: Mento's pinned analytics configuration classifies KESm as reserve-backed rather than CDP-backed. Its backing is the protocol's diversified, dynamically managed reserve, not USDm locked in a KESm-specific borrower... 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.