Revolutionize Bond Returns: KUMA Protocol Launches Interest-Bearing Tokens!

• Mimo Capital is launching “KUMA Protocol”; the first DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds.
• KUMA tokens are NFTs representing bonds that KUMA Generator can accept as a backing to issue KUMA Interest-Bearing Tokens, a form of synthetic stablecoins that automatically accrue interest, providing holders with a reliable source of passive income.
• The launch of this protocol also has the potential to revolutionize the way bondholders receive interest, as interest can be paid out to holders regularly, every 4 hours by default.

Mimo Capital, a decentralized finance innovator, is proud to announce the launch of “KUMA Protocol”; the first DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds. This launch comes after the Financial Market Authority Liechtenstein (FMA) has approved Mimo for providing blockchain-related services since January 2022.

KUMA tokens, built as a smart contract compatible with most blockchains, are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings. KUMA Tokens are NFTs representing bonds that KUMA Generator (a decentralized product owned by KUMA DAO and governed by the MIMO tokenholders) can accept as a backing to issue KUMA Interest-Bearing Tokens, a form of synthetic stablecoins that automatically accrue interest. The balance of these tokens grows in users’ wallets without any action required, matching the interest rate paid by the bond backing them, minus commission.

Apart from the interest, the tokens behave like regular stablecoins, allowing them to be integrated freely into the broader crypto ecosystem, like DeFi, GameFi, and NFTs platforms. This opens up the possibility of using KUMA Tokens to create a wide range of financial products and services that can be used to generate yield and returns.

The launch of this protocol also has the potential to revolutionize the way bondholders receive interest. Traditional bonds typically pay out interest semi-annually, annually, or even when reaching maturation. However, because KUMA Interest-Bearing Tokens use smart contracts, interest can be paid out to holders regularly, every 4 hours by default, providing a more consistent income stream for investors while not involving any claim process.

Mimo Capital is committed to providing the highest level of security and reliability for our users, and KUMA Protocol is no exception. All transactions are secured with cryptography, and all holdings are backed by reputable institutions to ensure the safety of our customers’ funds. We are also proud to be the first DeFi protocol to have obtained approval from the FMA, ensuring that our operations are compliant with the relevant regulations.

We are confident that KUMA Protocol will be a major breakthrough in the world of decentralized finance, and we look forward to seeing the creative ways in which users will use KUMA Tokens to generate yield and returns.