Mimo – Building the Kuma and Parallel Protocols
Claude Eguienta is the Chief Executive Officer at Mimo Capital, a company that creates protocols providing tokenized real-world assets. So far, it has created the Kuma and Parallel protocols. Kuma is a DeFi protocol that provides tokenized real-world assets. The Parallel protocol is a lending platform for overcollateralized stablecoin loans.
The link will open a new window. Click the menu and down arrow to download the file.
Podcasts available on
Why you should listen
Kuma is a DeFi protocol that provides tokenized real-world assets in various forms.
The Parallel protocol is a lending platform for overcollateralized stablecoin loans. It allows users to mint price-stable tokens backed by various currencies after depositing collateral.
Claude explains that Kuma aims to provide sustainable returns within the crypto world by tokenizing assets like treasury bills (T-bills). The Kuma protocol is designed to provide a balanced portfolio by combining tradfi and crypto. Claude says the industry is gradually moving towards tokenizing riskier assets with higher yields, which would offer better commissions and differentiated products.
The Parallel protocol was created to solve the problem of providing a euro stablecoin in a cost-effective way. It allows users to deposit volatile assets as collateral and borrow stablecoins against them.
Supporting links
If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
Planning your 2024 crypto-media spend? Brave New Coin’s combined website, podcast, newsletters and YouTube channel deliver over 500,000 brand impressions a month to engaged crypto fans worldwide.
Don’t miss out – Find out more today
Haven1 - Bringing Traditional Finance to Web3
Eclipse Fi - A Launch and Liquidity Protocol on Cosmos
