MiMo DeFi Protocol: World’s First Decentralized Lending Platform to Mint Euro Stablecoin PAR

MiMo DeFi Protocol: World's First Decentralized Lending Platform to Mint
Euro Stablecoin PAR
Lock up your WBTC, ETH and USDC to mint PAR tokens and earn high-yield APYs through
Liquidity Mining Pools.
Singapore, March 26, 2021 -- MiMo DeFi has recently revamped its Web App and Wallet with a simple
and straightforward UI/UX and added more cryptocurrencies, such as ETH, WBTC and USDC, for vault
lockup to mint Euro stablecoin PAR (Parallel).
Without Spending Digital Assets, Users can Mint Euro-Pegged Tokens
As the world’s first Euro DeFi (decentralized finance) lending platform, MiMo facilitates the minting of
PAR (Parallel), a token algorithmically pegged to the Euro. Users lock up their digital assets as collateral
in a virtual vault, as opposed to spending them. Implemented on-chain, this makes PAR the first fully
decentralized Euro stable token of its kind.
Benefit from Market Appreciation of Digital Assets
With MiMo DeFi, users retain ultimate control of their locked up digital assets as long as the digital
assets are sufficient in value. This means users can continue to benefit from the price appreciation of
their digital assets in the market while at the same time minting PAR tokens, which can also be used in
the DeFi marketplace.

Generate Income through Staking on Liquidity Pools
Besides the opportunity to take advantage of the attractive 2% lending rate offered on the MiMo DeFi
platform, users can also benefit from high-yield returns when they place their PAR tokens in liquidity
mining pools.
The MiMo DeFi Solution: Make the Most of your Digital Assets
MiMo DeFi is backed by the team of developers that launched TenX in 2017, a wallet platform designed
to be used in conjunction with a debit card allied with the Visa network. The platform was successfully
used by many as a crypto payment solution in numerous countries worldwide.
The team continues to be at the forefront of the most innovative solutions and services for the crypto
sphere. The MiMo DeFi platform was borne of a vision to help cryptocurrency users optimize their digital
assets easily in a transparent manner utilizing blockchain technology. Feedback from users made the
team realize that users did not want to spend away digital assets as that would mean the end of the
crypto journey, the loss of desired ongoing exposure.
In the last two years, crypto assets in the DeFi space have been one of the fastest growing categories.
Last year in March 2020, the TVL (total value locked) in DeFi was USD 700 million; it now stands at
USD 45 billion. The growth of DeFi protocols and platforms developed through smart contracts, the
advancement of technology, and the industry's maturation were all factors that contributed to the
development of MiMo DeFi. The team believes the new and more robust product is one that
satisfactorily answers crypto users’ needs in a vibrant and dynamic DeFi environment.

MiMo has achieved TVL of Euro 18,000,000
A Decentralized Community Governance Model
Audited by Quantstamp, the Mimo DeFi Protocol works “as intended” on the Ethereum platform, keeping
user balances safe. To increase confidence in the overall transparency of the project, more audits are
underway, with results to be published.
MiMo DeFi is set to evolve into a community governance model where MIMO token holders will
participate through on-chain voting on different operations and upgrades to the MiMo protocol. This
ensures proper distribution of power among token holders, guarantees its decentralization, and
increases the community's involvement in the platform's tokenomics.
For more information regarding Mimo and the PAR token, visit https://mimo.capital
MiMo Official Channels:
Telegram Group: https://t.me/mimodefi
Twitter: https://twitter.com/mimodefi
Facebook: https://fb.me/mimodefi
Media Contact:
Cecilia Wong, yourPRstrategist.com
pr@yourPRstrategist.com
+65-91826605