We are excited to announce the launch of the KUMA Protocol on Telos EVM, marking a significant milestone in the evolution of our decentralized protocol for tokenizing Real-World Assets (RWA).
What is Telos EVM?
Telos EVM offers a production-ready environment for developers seeking to leverage the power of Web3. With its industry-leading speed, low fixed gas fees, and consistent uninterrupted uptime since launch, Telos EVM distinguishes itself as a blockchain that is genuinely usable, accessible, and secure.
Benefits and Synergy: KUMA on Telos EVM
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Cost-Effectiveness: Telos EVM drastically reduces transaction costs, making it economically viable for various applications.
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Speed: Telos EVM boasts industry-leading speeds, facilitating efficient transaction processing.
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Transparency: Telos EVM ensures a fair and transparent ecosystem with its first-in-first-out mempool structure.
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Ethereum Compatibility: Telos EVM's compatibility with Ethereum's programming languages and APIs simplifies the development process for developers.
KUMA on Telos EVM: A New Chapter
The deployment of the KUMA Protocol on Telos EVM opens up new opportunities and expands our presence in the blockchain ecosystem. This integration will allow Telos users to access a new type of digital assets backed by real-world assets, offering increased diversification and accessibility.
A Word from Our Partners at Telos
"We're thrilled to announce our partnership with Mimo Labs and Kuma, and we're especially excited about the deployment of the Kuma Protocol on Telos EVM. Collaborating with such a dedicated and skilled team is truly exciting as we venture into the RWA space together. This partnership is pivotal for us at the Telos Foundation as we continue to deliver innovative solutions to our community. Please join us in welcoming Kuma DAO and Mimo Labs to our network!" - Telos Team
Initial Step: USK
To kickstart, we will initially deploy USK (USD KUMA) on Telos EVM. USK will be backed by 12-month US Treasury Bills, providing users with a stable and secure investment opportunity.
Partnerships and Liquidity Mining
In collaboration with the Telos EVM Foundation, we will offer liquidity incentives for wUSK based on certain key performance indicators, encouraging participation and adoption of the KUMA Protocol on Telos EVM.
Conclusion
Launching the KUMA Protocol on Telos EVM represents a significant step in our mission to make the tokenization of real-world assets more accessible and efficient. We look forward to seeing how this integration will benefit our community and drive innovation in the Telos ecosystem.
Stay tuned for more exciting updates as we continue to explore new opportunities and build a more inclusive and transparent financial future with the KUMA Protocol.
Thank you for your continued support!
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