This is a walkthrough on how to provide liquidity for MIMO:ETH via Balancer whilst earning boosted rewards from our Aura Gauge.

In a recent and strategic move, the Parallel DAO has approved a proposal (MGP-20) that promises to redefine the landscape of onchain market making on Polygon PoS. This innovative approach involves the deployment of MIMO Protocol Owned Liquidity (POL) through Arrakis Finance's PALM mechanism, aiming for a more sustainable, efficient, and user-friendly liquidity solution.

Recently Mimo Labs have submitted a Balancer Gauge proposal for the MIMO/wETH 80/20 pool on Ethereum mainnet et Polygon PoS. This proposal has been accepted, and in the context of the MGP-16 and MGP-17, the DAO has decided to vote with accumulated vlAURA owned by the DAO on these MIMO/wETH pools to provide incentives for liquidity providers but also starting the accumulation of POL (Protocol Owned Liquidity).

The Parallel Protocol continues to expand its ecosystem and offerings by introducing paUSD on Polygon PoS. This exciting development means users can now access and borrow paUSD, similar to its counterpart PAR, on Polygon PoS.

The Parallel Protocol is expanding its reach and offerings, and it is now introducing paUSD on Ethereum Mainnet. This significant development allows users to access and borrow paUSD on Ethereum Mainnet, similar to how they do with PAR.

In this edition, we'll bring you up to speed on the latest developments and upcoming initiatives. From the launch of paUSD on Ethereum to the DAO Multisig Election 2 and the integration of new collaterals, there's plenty to be excited about. Let's get started!

In this month's governance recap, we're sharing new updates about Parallel. Discover new opportunities with the Midas Pool involving PAR-jEUR LP as collateral. Check out the approved rETH collateral parameters on Ethereum. Learn about the introduction of paUSD, a an over-collateralized stablecoin pegged to USD backed by collateral tokens.  Lastly, take a look at the Balancer PAR-jEUR LP's attractive APR and why it's gaining attention.

In this month's recap, we will discuss key updates from the Parallel Protocol, including branding clarifications, liquidity migration instructions, new pool creation on the Midas platform, adjustments to fees, and more. These updates showcase the protocol’s commitment to enhancing its offerings, ensuring user satisfaction, and maintaining a competitive edge within the DeFi ecosystem.

Mimo's monthly governance rundown is back for February, providing a comprehensive update on the latest developments and new additions to the protocol.