Mimo protocol
What is Mimo Protocol ?
Mimo is a CDP (Collateralized Debt Position) 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 collateral-backed.
How is Mimo governed ?
The Mimo Protocol is a community-run, community-governed protocol. Changes are made through proposals that are voted with vMIMO, which are obtained by locking MIMO governance tokens.
Why use Mimo ?
The Mimo Protocol has been audited and secured. The protocol is completely open source, which allows anyone to interact with a UI client, or directly with the smart contracts. Being open source means that anyone can build a third-party interface, service, or application to interact with the protocol and enrich their product.
Additional information and resources about Mimo
Feel free to refer to the WhitePaper for a deeper dive into Mimo Protocol mechanisms. Developers can access the Developer documentation for a technical description of the Mimo decentralized protocol. For detailed risk analysis, please visit the risk framework.