How does it work ?
Last updated
Last updated
The KUMA Protocol accepts to swap (KUMA NFTs) backed by bonds in exchange of (KIBT) based on the metadata of the NFT. A fixed number of KIBT will be minted with parameterized interest rates. The KIBT interest rate can be updated by having a user exchanging its NFT from the same risk category, or when central bank rates decrease.
The KIBT are Interest Bearing Tokens (tokens that pay). They can be used across the broader blockchain ecosystems such as DeFi, GameFi or NFT platforms.
