About KUMO

The KUMO protocol is a decentralized borrowing protocol that allows you to draw 0% interest loans against supported natural assets used as collateral. The loans are paid out in collateralized stablecoin KUSD pegged to the USD. The nature of the protocol secures the loans from being over-collateralized. In addition, one stability reservoir for each asset containing KUSD backs the loans and pays the debt in case of liquidations.

Location: Mainz, Germany

Year Founded: 2022

Vertical: Digital Assets / Web3 / DeFi / DAO

Employees: 1 – 10

Website:  KUMO

Social Media: 

Ideal Customers

Businesses (B2B)

Problem

Carbon Credits offer a possibility to equal our CO2 footprint, but they are a one-way expense most people and companies are not willing to take. As long as we live in a world of growth where consumption is more attractive than minimalism, sustainable products always come with a premium price.

Core Benefits

KUMO’s goal is to integrate climate action into every transaction. The more KUSD in circulation, the more carbon (later additional natural assets) are locked in the KUMO Protocol. We call it a carbon vault. The demand for carbon creates a money stream for projects with the highest ecological impact.

Milestones

Product is currently being tested.
First customers signed LOI showing traction.
Currently a team of 10 already just with bootstrapping and grant money.