Parallel Protocol

Parallel Protocol

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum luctus felis in nisi tincidunt, vitae facilisis enim tempor.
Category: CDP
TVL: $12M

Description

Mimo Labs offers the KUMA Protocol, which provides tokenized real-world assets, and the Parallel Protocol, which allows users to leverage their assets by minting price-stable currencies against collateral. The project issues various stablecoins such as USK, PAR, and paUSD, backed by different forms of debt and assets.