gmUSD
1. Summary
- Description
-
gmUSD is an algorithmic stablecoin that is fully backed by gDAI and gmdUSDC. Its supply can be managed by the protocol through minting and redeeming as part of the Protocol Smart Arbitrage Leverage Mechanism (PSALM).
gmUSD is an algorithmic stablecoin that is fully backed by gDAI and gmdUSDC. Its supply can be managed by the protocol through minting and redeeming as part of the Protocol Smart Arbitrage Leverage Mechanism (PSALM).
Key Features:
gmUSD is backed by yield-bearing assets, making it a yield-bearing stablecoin that appreciates in value at an average rate of 15-25% annually.
What Makes gmUSD Unique:
- Yield-Bearing Mechanism: gmUSD's yield-bearing assets make it a unique stablecoin.
- Protocol Smart Arbitrage Leveraging Mechanism (PSALM): The protocol's minting and redeeming mechanism to manage the supply of gmUSD.
- Incentivization: The protocol includes mechanisms to incentivize users.
- Black Hole Liquidity: An essential component of the overall gmUSD ecosystem.
What Can gmUSD Be Used For:
The use cases for gmUSD include various applications where a stablecoin with a yield-bearing mechanism is desirable.
| Price | |
| 52W High price | $7.42 |
| 52W High date | 9th Dec 2023 (1 year ago) |
| All Time High (ATH) Date | 14th Feb 2025 (1 week ago) |
| All Time Low (ATL) Date | 14th Feb 2025 (1 week ago) |
| Supply & Trading Volume |
How does gmUSD's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
51,626.9%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 1,883 |
| Active Discord Users | 106 |
| Telegram Users | |
| Twitter followers | 6,073 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://gndprotocol.com/ |
|---|---|
| Explorer | https://arbiscan.io/token/0xEC13336bbd50790a00CDc0... |
| @GNDProtocol |
What is the correct contract address for gmUSD?
| Arbitrum-one | 0xec13336bbd50790a00cdc0feddf11287eaf92529 |
|---|
Has gmUSD been audited for security?
No security audits found for this project.
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