Mimo DAO (@mimo_dao) • Hey

The official Mimo DAO account | Follow to learn more about the Mimo Protocol | Governance Forum: http://gov.mimo.capital | Discord: http://discord.gg/mimod

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📖 MIMO GOVERNANCE RUNDOWN - NOVEMBER ‘22 📖 Find the recap of the month here 👇 https://mirror.xyz/blog.mimo.eth/Xq5qOdss_34oZalqvWmu1MNrrdtmCdolEp4pI0EQ208
🔥 NEW COLLATERALS ARE LIVE 🔥 $CRV, $BAL & $AAVE are live as collateral on http://app.mimo.capital ! You can now mint the most decentralized euro-stablecoin against these new collaterals 👇
**$stMATIC and $MATICx are live on http://app.mimo.capital on Polygon !** You can now mint $PAR with the first productive assets as collateral on Mimo on Polygon
**DAI are live on http://app.mimo.capital/ on Polygon !**
⚡️ MIR-14┃Add $LINK (@chainlink.lens ) as collateral on Mimo on Ethereum is now live on @Snapshot.lens The vote started today at 10AM CET and ends the 27th November at 10AM CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0x72c4578fb97bb6f0da73ecc3b3cff42a632876c361ed380b7e6acaf9e47d70dc
**MIR-15 | Add SUSHI as collateral on Mimo on Ethereum** **MIR-16 | Add xSUSHI as collateral on Mimo on Ethereum** 2 new proposals has been published on the forum: https://gov.mimo.capital/t/mir-15-add-sushi-as-collateral-on-mimo-on-ethereum/233 https://gov.mimo.capital/t/mir-16-add-xsushi-as-collateral-on-mimo-on-ethereum/234 Join the discussion on the forum and on Discord @sushiswap.lens****
**MIP-10 | DAO Multisig Election 2** We are pleased to announce that the next Community members of the Multisig will be : George with 11m vMIMO Squirrely with 10m vMIMO Arjpet with 10m vMIMO Doskey with 9,8m vMIMO Congratulations ! *sorry for the others, but stay tuned for the next election!* I also want to thank the whole community for your participation in this vote! *Unfortunately, I don't have any news about the POAP for this vote, I'll try again next time (or we'll have to wait for an easier way to distribute POAPs).* Result: https://snapshot.org/#/mimo.eth/proposal/0x2be8d0f2156478f6ac55b66ba3ca66b907e723df1e39ffd08f2e695fac7b460a
**⚡️ MIR-10.1┃Choose CRV collateral parameters on Mimo on Ethereum** is now live on Snapshot The vote started today at 10AM CET and ends the 21th November at 10AM CET. Vote here : https://snapshot.org/#/mimo.eth/proposal/0xefa7cc162748e0a2d7e42f66daad83a08943356fccf20a80158de78c3b4b422e
✅ With over 4.2M votes from $vMIMO holders, MIR-13 was approved at 100%. The Mimo DAO will add $AAVE as collateral on Mimo on Ethereum. A proposal has been published on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0xdee49cc44c9569308f0e2870a5c5466b27bf748aa72b8f7a3fb1587b99014f46
🟣 MIR-13.1 | CHOOSE AAVE COLLATERAL PARAMETERS ON MIMO ON ETHEREUM A new proposal has been published on the forum: ✅ As $AAVE has been approved to be a collateral, it is now time to choose its parameters. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-13-1-choose-aave-collateral-parameters-on-mimo-on-ethereum/231
⚡️ MIR-10.1┃Choose $MaticX collateral parameters on Mimo on Polygon is now live on Snapshot The vote started today at 10AM CET and ends the 20th November at 10AM CET. Vote here: https://snapshot.org/#/mimo.eth/proposal/0x504184dfb8d9f8b81095605af1d1e3d0ab9f7b88625f73a10d8471017b4d52c9
🟣 MIR-12.1 | CHOOSE BAL COLLATERAL PARAMETERS ON MIMO ON ETHEREUM A new proposal has been published on the forum: https://gov.mimo.capital/t/mir-12-1-choose-bal-collateral-parameters-on-mimo-on-ethereum/230 Join the discussion on the forum and on Discord
✅ With over 3.8M votes from $vMIMO holders, MIR-12 was approved at 100%. The Mimo DAO will add $BAL as collateral on Mimo on Ethereum. A proposal has been published on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0x70ebdc8c94d373a6954b47fea28bc8ec024f4c14db5e9567743d852279689362
⚡️ MIR-9.1┃Choose $stMATIC collateral parameters on Mimo on Polygon is now live on Snapshot ! The vote started today at 10AM CET and ends the 19th November at 10AM CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0xc34fca0135fa72e4df1640c1a373271f2aaa36c3482362e4b2d2733ac8c5bc30
🟣 MIR-11.1 | CHOOSE CRV COLLATERAL PARAMETERS ON MIMO ON ETHEREUM A new proposal has been published on the forum: ✅ As $CRV has been approved to be a collateral, it is now time to choose its parameters. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-11-1-choose-crv-collateral-parameters-on-mimo-on-ethereum/228
✅ With over 3.8M votes from $vMIMO holders, MIR-11 was approved at 100%. The Mimo DAO will add $CRV as collateral on Mimo on Ethereum. A proposal has been published on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0xb9794a17cc7da399d63b185196cdf30cdb87b56dada5e2a6cbeaa4cdc89f16c8
MIR-10.1┃Choose MATICx collateral parameters on Mimo on Polygon A new proposal has been published on the forum: https://gov.mimo.capital/t/mir-10-1-choose-maticx-collateral-parameters-on-mimo-on-polygon/227 Join the discussion on the forum and on Discord
With over 3.3M votes from $vMIMO holders, MIR-9 was approved at 100%. The Mimo DAO will add $MATICx as collateral on Mimo on Polygon. A proposal has been published on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0x25215fe4d03ed9416a9b9e89ca54b21a8b074ae670eeddf90d76a414071bc08b
⚡️ MIP-10┃DAO Multisig Election 2 is now live on Snapshot This proposal aims at re-electing 4 members that will manage with 4 team members the DAO multisig. The vote started at 1pm CET and ends the 21st November at 1pm CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0x2be8d0f2156478f6ac55b66ba3ca66b907e723df1e39ffd08f2e695fac7b460a
**MIR-13┃Add AAVE as collateral on Mimo on Ethereum** is live on Snapshot. The vote started the 14th November morning at 10am CET and finish the 17th November CET. 🗳️ Vote here: https://snapshot.org/#/mimo.eth/proposal/0xdee49cc44c9569308f0e2870a5c5466b27bf748aa72b8f7a3fb1587b99014f46
🟣 MIR-9.1 | CHOOSE stMATIC COLLATERAL PARAMETERS ON MIMO ON POLYGON A new proposal has been published on the forum: ✅ As $stMATIC has been approved to be a collateral, it is now time to choose its parameters. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-9-1-choose-stmatic-collateral-parameters-on-mimo-on-ethereum/226
✅ With over 3.3M votes from $vMIMO holders, MIR-9 was approved at 100%. The Mimo DAO will add $stMATIC as collateral on Mimo on Polygon. A proposal has been published on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0xf44b50a6163d5c3a046d2975307ac574f5d003120f85718a8c0220e3d1cdf2ff
⚡️ MIR-12┃Add $BAL as collateral on Mimo on Ethereum is now live on Snapshot ! The vote started today at 10AM CET and ends the 16th November at 10AM CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0x70ebdc8c94d373a6954b47fea28bc8ec024f4c14db5e9567743d852279689362
⚡️ MIR-8.1┃Choose $DAI collateral parameters on Mimo on Polygon is now live on @SnapshotLabs ! The vote started today at 10AM CET and ends the 16th November at 10AM CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0x725055192b3f6361894647735dc55e756b48795c29d0f24ff7d3116a721bfe26
⚡️ MIR-11┃Add $CRV as collateral on Mimo on Ethereum is now live on Snapshot ! The vote started today at 10AM CET and ends the 15th November at 10AM CET. 🗳️ Vote here 👇 https://snapshot.org/#/mimo.eth/proposal/0xb9794a17cc7da399d63b185196cdf30cdb87b56dada5e2a6cbeaa4cdc89f16c8
🟣 MIR-13 | ADD AAVE AS COLLATERAL ON MIMO ON ETHEREUM A new proposal has just been published on the forum: It is proposed to add $AAVE from @aaveaave.lens as new collateral. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-13-add-aave-as-collateral-on-mimo-on-ethereum/223
🟣 MIR-8.1 | CHOOSE DAI COLLATERAL PARAMETERS ON MIMO ON POLYGON A new proposal has just been published on the forum: ✅ As $DAI has been approved to be a collateral, it is now time to choose its parameters. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-8-1-choose-dai-collateral-parameters-on-mimo-on-polygon/222
✅ With over 3.8M votes from $vMIMO holders, MIR-8 was approved at 100%. The Mimo DAO will add $DAI as collateral on Mimo on Polygon. A proposal will be published soon on the governance forum to define the parameters of the collateral. Result: https://snapshot.org/#/mimo.eth/proposal/0xd20a69321cb7bfd3af0f8f6348392b9c375debc2b8e73575e3c18423805d2272
🟣 MIR-12 | ADD BAL AS COLLATERAL ON MIMO ON ETHEREUM A new proposal has just been published on the forum: It is proposed to add $BAL from Balance as new collateral. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-12-add-bal-as-collateral-on-mimo-on-ethereum/221
🟣 MIR-11 | ADD CRV AS COLLATERAL ON MIMO ON ETHEREUM A new proposal has just been published on the forum: It is proposed to add $CRV from Curve as new collateral. Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-11-add-crv-as-collateral-on-mimo-on-ethereum/220
🟣 MIR-10 | ADD MATICX AS COLLATERAL ON MIMO ON POLYGON A new proposal has just been published on the forum: It is proposed to add $MATICx from StaderLabs Join the discussion on the forum 👇 https://gov.mimo.capital/t/mir-10-add-maticx-as-collateral-on-mimo-on-polygon/219
🌐 MIMO PARTNERS WITH DIA ORACLE Mimo will now be using a DIA oracle, providing the protocol with a fully transparent price oracle in all chains. https://mirror.xyz/blog.mimo.eth/ynnX-mCVepLxoJgh5LjqarbpJxUU59vZypg_bfSeqEo A collaboration that opens up new opportunities for Mimo 👇 MIDAS POOL The decision to collaborate with DIA was motivated by the deployment of the Mimo pool on Midas: https://app.midascapital.xyz/137/pool/3 An oracle was required to integrate $MIMO and its LPs into the pool. And for that purpose, DIA appeared to be the obvious choice for Mimo DIA Following a proposal published by starny.lens http://forum.diadata.org/t/cdr-18-mimo-capital-asset-price/411 DIA deployed a dedicated and tailor-made smart contract oracle to supply the most suitable price feeds for the assets specified by Mimo Capital. Thanks to the collaboration with DIA, users will now be able to deposit $MIMO, $PAR & their LPs on the Mimo Midas pool You can read more about this collaboration in the article below: https://mirror.xyz/blog.mimo.eth/ynnX-mCVepLxoJgh5LjqarbpJxUU59vZypg_bfSeqEo
🟣 MIR-1┃ADD LUSD AS COLLATERAL ON MIMO ON ETHEREUM A new proposal has been published on the forum: https://gov.mimo.capital/t/mir-1-add-lusd-as-collateral-on-mimo-on-ethereum/190 It is proposed to add $LUSD from Liquity as a new collateral 👇 🔷 $LUSD PROPERTIES -Liquity’s contracts are immutable (without any multisig) -Loans are interest free (0.5% initiation fee) -Only backed & redeemable by $ETH with a 110% MCR (= arb. opportunities) -Loans secured by a stability pool + Recovery mode if total MCR < 150% 🔷 RISK ASSESSMENT Smart Contract Risk: B- Counterparty Risk: C+ Market Risk: B Chain Risk: A Liquidity Risk of PAR on Ethereum: A Overall Risk: B 🔷 BENEFITS FOR MIMO Liquity's features such as immutable contracts and governance-free system make LUSD one of the most reliable USD stablecoins & one of the best alternatives to USDC. The addition of LUSD as a collateral would thus increase the decentralization of the $PAR. More information about the proposal can be found directly on the governance forum. Give your opinion on the forum and on Discord: https://discord.com/invite/NJD8Ehb6Pu
🟣 MIR-0┃ADD $RAI AS A COLLATERAL ON MIMO ON ETHEREUM A new proposal has been published on the forum: https://gov.mimo.capital/t/mir-0-add-rai-as-collateral-on-mimo-on-ethereum/188 See why it is proposed to add $RAI from Reflexer as collateral for $PAR 👇 🗿 $RAI PROPERTIES -non-pegged and decentralized stable asset with low volatility -only backed by $ETH -reacts dynamically to market conditions with two essential parameters (Redemption Price & Market Price) -no control over the price -minimized governance 🗿 RISK ASSESSMENT Smart Contract Risk: C+ Counterparty Risk: C+ Market Risk: C+ Chain Risk: A Liquidity Risk of PAR on Ethereum: A Overall Risk: B 🗿 BENEFITS FOR MIMO With its own properties and mechanisms, the addition of $RAI as a collateral on Mimo would increase the decentralization of the $PAR and offer an alternative to $USDC. More information about the proposal can be found directly on the governance forum. Give your opinion on the forum and on Discord: https://discord.gg/8zEYgupTyF
A new proposal has been published on the forum: MGP-7┃Create a Mimo pool on Midas Capital on Polygon: https://gov.mimo.capital/t/mgp-7-create-a-mimo-pool-on-midas-capital-on-polygon/187 Join the discussion on the forum and on discord: https://discord.gg/8zEYgupTyF
The 4eur pool on Polygon has been replaced by a PAR/jEUR 2eur pool. Thanks to Jarvis you can earn yield on these different protocols: - via @jarvis.lens : https://polygon-yield.jarvis.network/yield?JRT_MIMO_SEP22 - via @beefyfinance.lens : https://app.beefy.finance/vault/jarvis-2eurp - via @harvest.lens : https://app.harvest.finance/
MIP-8┃Adjust WMATIC minimum collateral ratio has received a massive approval but unfortunately didn't reach the quorum which was 5M $vMIMO Results: https://snapshot.org/#/mimo.eth/proposal/0x6a6f953b589a5af3f23097a9433d081452ff9653f91beeb82ddf877b67015f28 The creator of the proposal has decided to republish the proposal on snapshot. The vote begin tomorrow for 1 week: https://snapshot.org/#/mimo.eth/proposal/0x6c5707083042c8fdcb615ebc8f3b57d7e1534f9523791a419e0e46cab27c0756
A proposal has been created on DeBank to continue to track $MIMO and $vMIMO price on Polygon. If you have a DeBank account you can upvote the proposal here: https://debank.com/vote/15209
🟣 MIP-9 | ADJUST WFTM MINIMUM COLLATERAL RATIO A new proposal has been published on the forum: https://gov.mimo.capital/t/mip-9-adjust-wftm-minimum-collateral-ratio/186 Until now, Mimo has been conservative in its management of collaterals and MCRs, preventing it from being competitive and efficient enough. Having active risk management would therefore increase the efficiency of the protocol and make it more competitive. To determine new fair parameters, a risk assessment for WFTM was conducted. Here are the results: -Smart Contract Risk: B+ -Counterparty Risk: B+ -Market Risk: C+ -Chain Risk: A -Liquidity Risk of PAR on Fantom: D+ Following the risk assessment, here are the new parameters proposed for WFTM on Fantom: -Liquidation Ratio: 190% -Minimum Collateral Ratio (MCR): 200% -Liquidation Bonus: 10% -Debt Limit: 3M Let us know what you think on the forum. And don’t forget to join our official Discord: https://discord.com/invite/mimodefi -Overall Risk: B-
🟣 🔐 DAO multisig and ownership are now fully transferred to the community ! The first Tx went perfectly well with a high participation from signers 🖋️ The Tx that have been executed are: ✅ MIP-2┃Adjust WETH minimum collateral ratio ✅ MIP-3┃Adjust WBTC minimum collateral ratio ✅ MIP-4┃Adjust USDC minimum collateral ratio ✅ MIP-7┃Reduce USDC vault's liquidation bonus on each chain As decided by the DAO, the minimum collateral ratio has been adjusted to: 👉 WETH to 125% on Ethereum,130% on Fantom & Polygon 👉 WBTC to 125% on Ethereum, 130% on Fantom & Polygon 👉 USDC to 108% on Ethereum, 105% on Fantom & 104% on Polygon Following these adjustments, a modification of the USDC vault's liquidation bonus to 3% on each chain. In addition, the DAO has voted and executed the MIP-5 and MIP-6 to both adjust the proposal quorum and proposal threshold on Mimo’s snapshot: https://snapshot.org/#/mimo.eth The next Tx will focus on : 🔜 MGP-3┃Create Mimo pool on Market Protocol on Polygon 🔜 MGP-4┃Create Mimo pool on Market Protocol on Fantom 🔜 MGP-6┃Migrate PAR-USDC liquidity incentives from SpookySwap to Curve on Fantom Once these Tx will be executed, the Market pools will be available and we can move forward on adding new collaterals and strategies 👀 You can follow the discussions on the governance forum and on the discord in order not to miss the latest information 🔔🔊 https://discord.com/invite/mimodefi
It seems that $PAR holders can bridge their tokens between Polygon <> Ethereum thanks @debridge.lens deSwap product
Build the APWine City with us
MIP-8 | ADJUST WMATIC MINIMUM COLLATERAL RATIO A new proposal has been published on the forum: https://gov.mimo.capital/t/mip-8-adjust-wmatic-minimum-collateral-ratio/185 CONTEXT: Until now, Mimo has been conservative in its management of collaterals and MCRs, preventing it from being competitive and efficient enough. Having active risk management would therefore increase the efficiency of the protocol and make it more competitive. RISK ASSESSMENT: To determine new fair parameters, a risk assessment for WMATIC was conducted. Here are the results: -Smart Contract Risk: B+ -Counterparty Risk: B+ -Market Risk: B+ -Market Risk: B- -Chain Risk: A -Liquidity Risk of PAR on Polygon: B+ -Overall Risk: B+ CHANGES PROPOSED Following the risk assessment, here are the new parameters proposed for WMATIC on Polygon: -Liquidation Ratio: 145% -Minimum Collateral Ratio (MCR): 150% -Liquidation Bonus: 5% -Debt Limit: 2M Let us know what you think on the forum. And don’t forget to join our official Discord: https://discord.com/invite/mimodefi
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