The PAR EUR stablecoin is swapped against the EUR fiat deposit from Akt.io users before being sent to MIMO Capitol protocol to be loaned out against collateral locked in BTC, ETH or USDT/USDC stablecoin (Over collateralized Eur Stable coin mechanisms).
Every day, we send new PAR into MIMO Capital protocol to generate daily yields, and we keep reserves in Fireblocks to facilitate instant withdrawal for users.
The users’ funds allocated in PAR are 100% segregated from Akt organization and kept safe in MPC Fireblocks custody used by Akt and Mimo Capital, which means that even in the worst-case scenario (such as Akt bankruptcy), users will always have access to their funds in integrality.
AKT is not allowed to use the user’s deposit funds for its operations
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