Lock up your WBTC, ETH and USDC to mint PAR tokens and earn high-yield APYs by way of Liquidity Mining Swimming pools.
Singapore, 26 March 2021 — MiMo DeFi has lately revamped its Net App and Pockets with a easy and easy UI/UX and added extra cryptocurrencies, resembling ETH, WBTC and USDC, for vault lockup to mint Euro stablecoin PAR (Parallel).
With out Spending Digital Belongings, Customers can Mint Euro-Pegged Tokens
Because the world’s first Euro DeFi (decentralized finance) lending platform, MiMo facilitates the minting of PAR (Parallel), a token algorithmically pegged to the Euro. Customers lock up their digital belongings as collateral in a digital vault, versus spending them. Applied on-chain, this makes PAR the primary absolutely decentralized Euro secure token of its form.
Profit from Market Appreciation of Digital Belongings
With MiMo DeFi, customers retain final management of their locked up digital belongings so long as the digital belongings are enough in worth. This implies customers can proceed to learn from the worth appreciation of their digital belongings available in the market whereas on the identical time minting PAR tokens, which will also be used within the DeFi market.
Generate Revenue by way of Staking on Liquidity Swimming pools
Moreover the chance to make the most of the engaging 2% lending price provided on the MiMo DeFi platform, customers also can profit from high-yield returns after they place their PAR tokens in liquidity mining swimming pools.
The MiMo DeFi Resolution: Make the Most of your Digital Belongings
MiMo DeFi is backed by the group of builders that launched TenX in 2017, a pockets platform designed for use along side a debit card allied with the Visa community. The platform was efficiently utilized by many as a crypto fee resolution in quite a few nations worldwide.
The group continues to be on the forefront of essentially the most revolutionary options and companies for the crypto sphere. The MiMo DeFi platform was borne of a imaginative and prescient to assist cryptocurrency customers optimize their digital belongings simply in a clear method using blockchain know-how. Suggestions from customers made the group notice that customers didn’t need to spend away digital belongings as that might imply the tip of the crypto journey, the lack of desired ongoing publicity.
Within the final two years, crypto belongings within the DeFi area have been one of many quickest rising classes. Final 12 months in March 2020, the TVL (complete worth locked) in DeFi was USD 700 million; it now stands at USD 45 billion. The expansion of DeFi protocols and platforms developed by way of good contracts, the development of know-how, and the trade’s maturation had been all elements that contributed to the event of MiMo DeFi. The group believes the brand new and extra strong product is one which satisfactorily solutions crypto customers’ wants in a vibrant and dynamic DeFi surroundings.
MiMo has achieved TVL of Euro 18,000,000
A Decentralized Neighborhood Governance Mannequin
Audited by Quantstamp, the Mimo DeFi Protocol works “as supposed” on the Ethereum platform, conserving person balances protected. To extend confidence within the total transparency of the undertaking, extra audits are underway, with outcomes to be printed.
MiMo DeFi is ready to evolve right into a group governance mannequin the place MIMO token holders will take part by way of on-chain voting on totally different operations and upgrades to the MiMo protocol. This ensures correct distribution of energy amongst token holders, ensures its decentralization, and will increase the group’s involvement within the platform’s tokenomics.
For extra data relating to Mimo and the PAR token, go to https://mimo.capital
MiMo Official Channels:
Telegram Group: https://t.me/mimodefi
Cecilia Wong, yourPRstrategist.com