A new year begins with a productive month of January at Mimo, marked by the official launch of the Kuma protocol. The implementation of new collaterals on the Mimo web app, as well as three new proposals involving Midas Capital also saw the light this month. Not to mention the extensive first part of the DeFi strategy at Mimo, written by Jean Brasse; and more.

Enjoy your reading!

A DeFi Strategy Part 1.

Find part 1 of the DeFi strategy of Mimo Labs. An article that dives into the heart of the protocol's overall strategy; going back over the integrations with Mimo, governance wars, the utility of PAR, the overall structure of DAO and the first elements of the plans for 2023.

PAR-jEUR Balancer

Adding a gauge to the 2eur pool (PAR) on Balancer on 0xPolygon is a great opportunity to increase both liquidity and arbitrage, leading to more volume and a better peg of the $PAR thanks to the $jEUR.

The pool is available here.

Alpha: Rewards start in less than 10 hours 👀

2eur pools

There is now a positive slippage due to the unbalanced 2eur (PAR) and (agEUR) pools. To purchase PAR or agEUR using $USDC, it is preferable to use Jarvis’ on-chain Forex exchange.

Learn how to do it with this tweet for Jarvis.

Multisig incident

An error was made during the transfer of compensations to the signers of the DAO multisig, where the funds were sent to an incorrect address. After further due diligence, a new address was provided, but the error had already been made. Mimo DAO did not compensate the signer, however one of the signers from Mimo Labs decided to use their own personal funds to compensate them.

More details here.

Jarvis x Midas Exploit : Mimo is not at risk 

An exploit occurred on Polygon's Jarvis Midas Pool. As a result, the Midas Team has halted the PAR/jEUR Curve pool on the Mimo Midas pool (no funds loss) as a precaution. 

More details here.

New collaterals

$LINK, $SUSHI, $xSUSHI, $DAI, and $FRAX are now available as collateral on app.mimo.capital. Integrating these collaterals offers up additional avenues for minting $PAR. Their addition aims to strengthen the decentralization of $PAR.

MGP-9, 10 et 11

Proposals involving Midas Capital were released this month.

Passed:

• MGP-9 | Add Supply Caps & Debt Ceiling on the Mimo Midas pool on Polygon

• MGP-10 | Create a Mimo Midas pool on Fantom

On Snapshot:

• MGP-11 | Add PAR-jEUR BPT as collateral on the Mimo Midas pool on Polygon

Multisig

Since last month, there are many transactions with all these new collateral, let's dive in:

Transactions covered

• DAO signer compensation has been sent

• MIR-14 & MIR-14.1 add LINK and its collateral parameters on Ethereum

• MIR-15 & MIR-15.1 add SUSHI and its collateral parameters on Ethereum

• MIR-16 & MIR-16.1 add xSUSHI and its collateral parameters on Ethereum

• MIR-17 & MIR-17.1 add DAI and its collateral parameters on Ethereum

• MIR-18 & MIR-18.1 add FRAX and its collateral parameters on Ethereum

Next Transactions to be covered

• DAO signer compensation for the month of November

• MGP-9 | Add Supply Caps & Debt Ceiling on the Mimo Midas pool on Polygon

• MGP-10 | Create a Mimo Midas pool on Fantom

• MGP-11 | Add PAR-jEUR BPT as collateral on the Mimo Midas pool on Polygon

You can access all the multisig Tx on each chain here.

That’s about it for this month!

Be sure to visit Mimo’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 Mimo DAO Twitter account.