mimo is a fully decentralized protocol with automated liquidity to power the future of DeFi. Powered by the IoTeX blockchain, mimo utilizes smart contracts and automated market making (AMM) algorithms to manage liquidity pools and connect buyers/sellers of crypto assets.
The first instantiation of the mimo protocol will be mimo.exchange, a decentralized exchange (DEX) for peer-to-peer trading of ERC20 & XRC20 assets.
mimo is a decentralized protocol with automated liquidity on IoTeX blockchain. mimo.exchange is a decentalized exchange (DEX) that enables peer-to-peer trading of IOTX and XRC20 assets. Powered by the IoTeX blockchain, mimo utilizes smart contracts and automated market making (AMM) algorithms to manage liquidity pools and connect buyers/sellers of crypto assets. Anyone can use mimo to trade and/or provide liquidity for a variety of trading pairs, including cross-chain IoTeX-Ethereum pairs like IOTX/ioBUSD.
A decentralized exchange (DEX) is a cryptocurrency exchange which operates without a central authority. Decentralized exchanges allow peer-to-peer trading of cryptocurrencies. Because users do not need to deposit their assets to the exchange, decentralized exchanges reduce the risk of theft from hacking of exchanges.
