Modulo enables users to lock various collateral assets in Modulo vaults as collateral to instantly lend, borrow, and swap. MOD is minted as a Canton-native, fungible collateral token. MOD is the Modulo unit of account and is also a CIP-56 compliant token that can be utilized across the ecosystem. MOD is a MVT (minimum variance token) that is intended to represent a minimum of $1.00 of collateral locked into Modulo smart vaults.
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