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What is gmUSD?
$gmUSD is an algorithmic stablecoin fully backed by $gDAI and $gmdUSDC.
The supply of $gmUSD can be managed by the protocol minting and redeeming as a part of the Protocol Smart Arbitrage Leverage Mechanism (PSALM).
Backed by yield-bearing assets, $gmUSD is also a yield-bearing stablecoin, appreciating in value at an average rate of 15–25% annually.