Stablecoin information
The PAR token is a price-stable token pegged to the Euro. Users generate PAR by depositing collateral assets into MIMO vaults within the MIMO protocol.
Category:crypto-backed
Minting and Redemption
Using the MIMO app, users mint PAR by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back PAR is burned.
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.00% | -0.02% | -0.86% | 863,102.85 | ||
| 100% | -0.00% | -0.00% | -1.74% | 150,101.58 | ||
| 100% | +0.00% | +0.00% | +0.00% | 71,765.12 |