Mimo – Building the Kuma and Parallel Protocols
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.
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Filed under: Bitcoin - @ December 17, 2023 9:50 pm