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Fees

The Mimo Protocol is generating revenues by taking fees on minted PAR. These fees are called "Origination Fee" and "Borrowing Fee".

Origination 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.
Following the MIP-12, the Mimo Protocol is taking a 0.2% "Origination Fee".

Borrowing Fee

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.
Following the MIP-12, the Mimo Protocol is taking a 0.3% annualized "Borrowing Fee".