Welcome to the first monthly governance recap for Kuma. In the past month, Kuma has been in the news for several reasons. The very first proposals for Kuma were published. Also, a Code4rena contest was held as part of the second audit of Kuma's smart contracts. Klodio also gave some exciting updates on the latest developments about Kuma and what is to come in an interview with le Journal du Coin. Stay tuned for more updates as the protocol is about to go live.

Code4rena

The Code4rena private contest for Kuma has recently concluded, providing participants with an exclusive opportunity to audit the protocol’s smart contracts. Running for 4 days until 22nd February, the contest was the second in a series of audits for the Kuma protocol.

Live JDC Summary

Klodio recently gave an interview to le Journal du Coin, providing updates on the latest developments about Mimo and Kuma. The interview also revealed some exciting alpha… 👀👇

Kuma scheme

A clear scheme explanation from @0vEvix of how the Kuma Protocol works.

Mention

A special thanks to @stephdan.eth for mentioning Kuma Protocol and MimoLabs in his TradFi/DeFi thread.

The very first Kuma proposals

KIP-0 ┃ KUMA Governance Framework

This proposal is intended to establish a governance framework for KUMA Protocol, which will be controlled by vMIMO holders. The framework includes different proposal types depending on the subject discussed, voting on DAO rules, and templates. Proposals require posting on the governance forum for at least 48 hours before posting the snapshot, proposal type, number, and name, among other details. There are three proposal types: KUMA Integration Request (KIR), KUMA Governance Proposal (KGP), and KUMA Improvement Protocol (KIP), each with their own parameters for admin, quorum, and voting duration.

See the Snapshot proposal here.

KIP-1 ┃ Adjust the threshold to post governance proposals

This proposal aims to adjust the threshold for posting governance proposals on Kuma Snapshot. The current threshold of 0 vMIMO allows anyone to create a proposal, which can lead to unwanted and irrelevant proposals. The proposed solution is to set a threshold of at least 100,000 vMIMO (0.01% of the total maximum supply) for posting proposals. There are several options for the new threshold, and vMIMO holders can delegate their voting power on Mimo's Snapshot.

See the Snapshot proposal here.

KIP-2 ┃ Deploy KUMA Protocol on Ethereum

Mimo Labs proposes deploying the KUMA Protocol on Ethereum. As a reminder, the protocol is a decentralized platform that issues interest-bearing tokens backed by regulated NFTs backed by real-world assets, such as sovereign bonds. The tokens are user-friendly and audited. The protocol will be owned by vMIMO holders, and there is no cost for the treasury to deploy it.

See the Snapshot proposal here.

That’s about it for this month!

Be sure to visit Kuma’s Snapshot profile to not miss the latest proposals.

You can also participate in the discussion on the Governance Forum or on Discord, and if you have any questions or suggestions, feel free to chat with the community on Telegram.

Don't forget to also follow the latest information on the Kuma Protocol Twitter account.