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The KUMA protocol offers various forms of tokenized real-world assets (RWA) and uses them as the foundation for DeFi retail users' interest-bearing stablecoins. The protocol accepts bond-backed regulated NFTs (KUMA NFTs) for the exchange of composable interest-bearing tokens (KIBTs) based on NFT metadata. A fixed quantity of KIBTs will be minted according to parameterized interest rates. The interest rates of KIBTs can be updated by allowing users to exchange NFTs of the same risk category or when central bank rates decrease.
KIBTs are ERC-20 interest-bearing tokens (payment tokens). They can be utilized within a broader blockchain ecosystem, including DeFi, GameFi, or NFT platforms. |
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