Lock up your WBTC, ETH and USDC to mint PAR tokens and earn high-yield APYs via Liquidity Mining Swimming pools.
Singapore, 26 March 2021 — MiMo DeFi has just lately revamped its Internet App and Pockets with a easy and simple UI/UX and added extra cryptocurrencies, resembling ETH, WBTC and USDC, for vault lockup to mint Euro stablecoin PAR (Parallel).
With out Spending Digital Property, 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 property as collateral in a digital vault, versus spending them. Applied on-chain, this makes PAR the primary totally decentralized Euro secure token of its type.
Profit from Market Appreciation of Digital Property
With MiMo DeFi, customers retain final management of their locked up digital property so long as the digital property are ample in worth. This implies customers can proceed to profit from the worth appreciation of their digital property available in the market whereas on the identical time minting PAR tokens, which may also be used within the DeFi market.
Generate Revenue via Staking on Liquidity Swimming pools
Moreover the chance to benefit from the engaging 2% lending price supplied on the MiMo DeFi platform, customers can even profit from high-yield returns after they place their PAR tokens in liquidity mining swimming pools.
The MiMo DeFi Answer: Make the Most of your Digital Property
MiMo DeFi is backed by the crew of builders that launched TenX in 2017, a pockets platform designed for use at the side of a debit card allied with the Visa community. The platform was efficiently utilized by many as a crypto fee answer in quite a few international locations worldwide.
The crew continues to be on the forefront of essentially the most revolutionary options and providers for the crypto sphere. The MiMo DeFi platform was borne of a imaginative and prescient to assist cryptocurrency customers optimize their digital property simply in a clear method using blockchain expertise. Suggestions from customers made the crew understand that customers didn’t wish to spend away digital property as that might imply the tip of the crypto journey, the lack of desired ongoing publicity.
Within the final two years, crypto property within the DeFi house have been one of many quickest rising classes. Final 12 months in March 2020, the TVL (whole worth locked) in DeFi was USD 700 million; it now stands at USD 45 billion. The expansion of DeFi protocols and platforms developed via sensible contracts, the development of expertise, and the business’s maturation had been all components that contributed to the event of MiMo DeFi. The crew believes the brand new and extra strong product is one which satisfactorily solutions crypto customers’ wants in a vibrant and dynamic DeFi setting.
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, maintaining consumer balances protected. To extend confidence within the general transparency of the mission, extra audits are underway, with outcomes to be printed.
MiMo DeFi is about to evolve right into a neighborhood governance mannequin the place MIMO token holders will take part via on-chain voting on completely different operations and upgrades to the MiMo protocol. This ensures correct distribution of energy amongst token holders, ensures its decentralization, and will increase the neighborhood’s involvement within the platform’s tokenomics.
For extra info concerning Mimo and the PAR token, go to https://mimo.capital
MiMo Official Channels:
Telegram Group: https://t.me/mimodefi
Cecilia Wong, yourPRstrategist.com