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Mimo Labs

Mimo Labs

Mimo Labs offers financial tools for different market conditions. Through its KUMA Protocol, it provides tokenized real-world assets, such as US Treasury Bills, in a DeFi-compatible format. Its Parallel Protocol allows users to mint stablecoins pegged to the Euro (PAR) and US Dollar (paUSD) against their assets, providing liquidity without needing to sell.
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Description

Mimo Labs provides assets and tools for varying market cycles. The KUMA Protocol offers tokenized real-world assets, giving users access to traditional assets in a DeFi-compatible way for a solid source of yield. One such asset is USK, a token backed by 1-year US Treasury Bills via Bond NFTs, which accrues interest over time. The KUMA protocol can also issue other stablecoins backed by different forms of debt like corporate bonds. Additionally, the Parallel Protocol enables users to gain immediate liquidity without selling their assets by minting over-collateralized, price-stable currencies. These include PAR, pegged to the Euro, and paUSD, pegged to the US Dollar.