KUMA Protocol Launches, Revolutionizing Bondholders‘ Passive Income Streams

• Mimo is launching “KUMA Protocol”, a DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds.
• KUMA Tokens are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings.
• The launch of this protocol also has the potential to revolutionize the way bondholders receive interest by providing a more consistent income stream.

Mimo, the decentralized finance innovator, has announced the launch of the KUMA Protocol on January 14th, 2023. This protocol, which has been approved by the Financial Market Authority Liechtenstein since January 2022, enables the issuance of tokens backed by regulated NFTs, which in turn are backed by sovereign bonds.

KUMA Tokens are smart contracts compatible with most blockchains and are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings. These tokens are issued by KUMA Generator, a decentralized product owned by KUMA DAO and governed by the MIMO token holders. 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. In addition, these tokens behave like regular stablecoins, allowing them to be integrated freely into the broader crypto ecosystem, like DeFi, GameFi, and NFTs platforms.

The launch of the KUMA Protocol has the potential to revolutionize the way bondholders receive interest. Traditionally, bonds typically pay out interest semi-annually, annually, or 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.

The launch of the KUMA Protocol is a significant breakthrough for DeFi. By providing a more efficient and reliable source of passive income, KUMA Tokens are set to revolutionize the way investors receive interest on their bonds. This launch is set to bring more stability to the DeFi market and provide greater financial freedom for its users.