KUMA Protocol FR KUMA Interest Bearing TokenPrice

(FRK)

FRK is an innovative interest-bearing digital asset designed to bring the stability of traditional finance into the decentralized world. It is uniquely backed by KUMA NFTs, which themselves represent French 360-day T-Bills, offering a transparent and verifiable on-chain representation of real-world sovereign debt. This mechanism aims to provide users with a secure and regulated way to earn yield on-chain.

FRK generates interest through its backing by KUMA NFTs, which are essentially tokenized sovereign bonds (French 360-day T-Bills). The interest is paid out to FRK holders regularly, typically every four hours, directly via integrated smart contracts. This automated process ensures consistent and predictable yield distribution, directly reflecting the returns from the underlying government securities.

KUMA NFTs are non-fungible tokens representing tokenized bonds. Specifically, they are issued by Mimo Capital AG and backed by high-quality, real-world assets: French 360-day T-Bills (Treasury Bills). These NFTs serve as the collateral foundation for FRK. By holding KUMA NFTs, the protocol securely bridges traditional financial instruments with blockchain technology, ensuring that each FRK token has tangible, government-backed value.

wFRK is a wrapped version of the FRK token, designed to adhere to the ERC-4626 standard. Its creation addresses the challenge of composability in the broader decentralized finance (DeFi) landscape. Since FRK is a rebase token, its balance can fluctuate directly in users' wallets. wFRK provides a static balance token that is more easily integrated and compatible with various DeFi protocols that might not natively support rebase token mechanics, enhancing FRK's utility.

The KUMA Protocol FR KUMA Interest Bearing Token (FRK) is designed for multi-chain accessibility and is currently deployed across several prominent blockchain networks. These include Ethereum, Polygon PoS, Linea, and Mantle. This multi-chain strategy aims to expand its reach, offer users more choices for transaction efficiency and cost, and foster wider adoption within the decentralized ecosystem.

The KUMA Protocol places a strong emphasis on regulatory compliance through its backing mechanism. The bonds that underpin KUMA NFTs, which in turn back FRK, are tokenized by Mimo Capital AG. Mimo Capital AG is a regulated entity, approved by the FMA (Financial Market Authority Liechtenstein). This approval signifies adherence to financial regulations within the European Economic Area (EEA), providing a layer of trust and legal framework for the assets backing FRK.