Fees
The Mimo Protocol is generating revenues by taking fees on minted PAR. These fees are called "Origination Fee" and "Borrowing Fee".
The "Origination Fee" is a fee taken at the moment of the mint of newly PAR tokens. The "Origination Fee" is quoted as a percentage of the total newly minted PAR.
The "Borrowing Fee" is a fee taken on the amount of PAR minted by against a collateral. The "Borrowing Fee" is automatically added to the borrower's debt at each block.
Last modified 20d ago