KUMA Protocol FR KUMA Interest Bearing Token FRK

1. Summary

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Liquidity

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Developer

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Social

11

Momentum (beta)

0

Stack Rank™

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Price

$0.000000000000 0.0%

Market Cap

$ (#29851)

Supply

/

Tags

Polygon Ecosystem

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Price
All Time High (ATH) Date	9th Feb 2025 (1 week ago)
All Time Low (ATL) Date	9th Feb 2025 (1 week ago)

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Description

General Overview

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General Overview

The KUMA Protocol FR KUMA Interest Bearing Token, represented by the symbol FRK, is a type of interest-bearing token. This token acquires its value from being backed by KUMA NFTs, which in turn, are supported by French 360-day Treasury Bills (T-Bills). The KUMA NFTs are designed to hold specific metadata, including the currency, which in this case, is the Euro (EUR).

Security and Backing

The FRK token is deployed on various platforms, ensuring its accessibility and availability. The token's value is secured by its backing from French T-Bills, which are tokenized on-chain as NFTs by Mimo Capital AG. This arrangement ensures a stable and reliable source of funds for the FRK token.

Governance and Control

The KUMA DAO does not have direct control over the KUMA NFTs, as they are minted unilaterally by Mimo Capital AG. However, it is crucial to note that while the DAO lacks control, the FRK token's value remains tied to its backing from the KUMA NFTs and the underlying French T-Bills.

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