Mimo is a 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 staking MIMO governance tokens.
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 White Paper 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.