Profile
KESm profile facts
Mento Kenyan Shilling (KESm) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Kenyan Shilling.
- 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.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
KESm quick answers
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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.
Is KESm safe?
As of Nov 10, 2026, Pharos grades KESm C+ (64/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs KESm?
Pharos records KESm's reserves as of Oct 27, 2026 as 29.6% AUSD (Agora Dollar), 28.1% sUSDS (Sky savings USDS), 12% USDT, and 9 smaller holdings. Reserve evidence: Real-Time PoR by Mento Reserve dashboard. Pharos classifies the backing as Crypto-Collateralized.
Can KESm be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem KESm?
Under the route Pharos reviewed on Jul 19, 2026, any holder can redeem KESm for USDm. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
