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New Listing: MIMO and PAR

We’re pleased to share that Liquid has listed the stable token issuance DeFi project, Mimo, and their first of many stable tokens — beginning with PAR the world’s first EUR-pegged coin.

We’re pleased to share that Liquid has listed the stable token issuance DeFi project, Mimo, and their first of many stable tokens — beginning with PAR the world’s first EUR-pegged coin.

About MIMO and PAR

On a mission to bring decentralized finance to the world in an easy, safe, and secure way, the Mimo-Liquid partnership is one more massive step closer to simple access to the blockchain for everyone. Now with PAR being more accessible to the masses through Liquid, more euro investors could participate and Mimo’s technology could be leveraged by new markets.

The protocol powering Mimo is Parallel (PAR) where users store their crypto assets in a vault, mint PAR, and are free to hold the coin pegged to their native currency or swap and spend as they’d like. At launch, the initial token is euro-pegged with new variations on the horizon.

In addition to a stablecoin, Mimo’s building a suite of applications that make all the services blockchain streamlines even easier. Some of the many problems users new to decentralized finance face are lack of intuitiveness and hidden fees & tie-ins that prevent them from accessing their wealth how they’d like.

We believe in it so much, it’s partly how Mimo got its name — mi: “money in”, mo: “money out”.

The concept isn’t novel, but it is rare in the industry. While many protocols lend and rehypothecate their collateral, Mimo stores everything securely in your vault guaranteeing the stability of our stable tokens.

While PAR is just the first stablecoin launched, MIMO — the native token of the project — has also been listed. MIMO is primarily used as a utility token where holders gain access to voting on where the project should head. Votes are held regularly with our latest proposal covering how to split rewards after our first Layer 2 integration on Polygon.

Mimo’s excited to leverage the technology Liquid provides and integrate with their API as well. With a Mimo mobile application on the way, a new and easy way to bridge fiat & crypto is only going to help lower the barrier to entry.