The Mimo DeFi team believes that the future of money is self-service. Mimo offers a set of applications that allow users to use their digital assets such as ETH or BTC.
Mimo — a decentralized protocol that issues a stablecoin, the Parallel Token (PAR), on the Ethereum, Polygon and Fantom blockchains. The PAR stablecoin is decentralized, non-custodial and secured by collateral.
PAR token — a price stable token, pegged to the euro. It is easy to create and easy to use. Users generate PAR by depositing collateral into MIMO vaults as part of the MIMO protocol.
Mimo DeFi — a community-driven protocol. Changes are made through vMIMO-voted proposals, which are obtained by staking MIMO governance tokens. This protocol has been verified and protected. It is completely open source, allowing anyone to interact with the UI client or smart contracts directly. Open source means that anyone can create a third party interface, service or application to interact with the protocol and enrich their product.
The MIMO distribution is managed by the MIMODistributor module, which issues MIMO tokens, according to a supply curve that reduces the number of new MIMO tokens each week. Liquidity mining rewards help to reward users for creating PAR and providing liquidity to PAR and MIMO.
Mimo DeFi uses vaults to store your assets. These vaults are safe and unique.