Mimo – Constructing the Kuma and Parallel Protocols

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Mimo – Constructing the Kuma and Parallel Protocols

Claude Eguienta is the Chief Government Officer at Mimo Capital, an organization that creates protocols offering tokenized real-world property. Up to now, it has created the Kuma and Parallel protocols. Kuma is a DeFi protocol that gives tokenized real-world property. The Parallel protocol is a lending platform for overcollateralized stablecoin loans.

Why you need to hear

Kuma is a DeFi protocol that gives tokenized real-world property in varied kinds.

The Parallel protocol is a lending platform for overcollateralized stablecoin loans. It permits customers to mint price-stable tokens backed by varied currencies after depositing collateral.

Claude explains that Kuma goals to offer sustainable returns inside the crypto world by tokenizing property like treasury payments (T-bills). The Kuma protocol is designed to offer a balanced portfolio by combining tradfi and crypto. Claude says the trade is progressively shifting in direction of tokenizing riskier property with increased yields, which might supply higher commissions and differentiated merchandise.

The Parallel protocol was created to unravel the issue of offering a euro stablecoin in a cheap manner. It permits customers to deposit risky property as collateral and borrow stablecoins towards them.

Supporting hyperlinks

Bitget

Bitget Academy

Bitget Research

Bitget Wallet

Mimo

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