What is gmUSD?

Introducing $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.

Last updated 2 years ago

Introducing $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.

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