Mimo Labs

A **high-yield opportunity** has emerged on Curve Finance with the USDp/frxUSD liquidity pool delivering over **25% weekly returns**. This represents a significant yield farming opportunity in the DeFi space, though such high returns typically come with increased risk factors. **Key considerations:** - Weekly yield exceeding 25% - Available on Curve Finance platform - Part of ongoing high-yield pool offerings Traders should evaluate the risk-reward profile and underlying token mechanics before participating in high-yield pools.

**Abu Dhabi** is positioning itself as a significant digital assets hub with four major events taking place: - **Abu Dhabi Finance Week** - **Bitcoin MENA Conference** - **Solana Conference** - **Solana Economic Zone** The city's growing prominence in the crypto space reflects the **Middle East's increasing adoption** of digital assets and blockchain technology. These events highlight Abu Dhabi's strategic push to become a **regional crypto center**, bringing together industry leaders, developers, and investors.

**Critical announcement** for paUSD token holders requires immediate attention. All paUSD holders should review the latest protocol update that affects their holdings. The announcement indicates significant changes that may impact user positions or require specific actions. - Check your paUSD balance and positions - Review any required actions or migrations - Stay informed about timeline and next steps **Action required:** Visit the official channels for complete details and instructions.

**Epoch 6 fees are now available for claiming** by sPRL holders on the Parallel Money protocol. This marks another milestone in the **Tokenomics v2.0 fee distribution system**, which has been operational since earlier this year. - Previous distributions have shown strong performance - Epoch 1 delivered 12,842 PAR tokens to sPRL holders - Historical APRs have ranged from **45% to 114%** sPRL holders can now access their allocated fees from the latest epoch through the protocol interface.

**USDp on Avalanche underwent a complete reserve asset replacement** following the xUSD situation and Stream Finance incident. **Key Changes:** - All mevUSDC (reserve asset for USDp) replaced with native USDC - USDp maintains **100% backing** with no user losses - No impact on the stablecoin's operations **Current Status:** - USDp on Avalanche remains fully collateralized - Swift response prevented any negative effects on users - Reserve transition completed successfully The proactive measure demonstrates the protocol's commitment to maintaining stability and user protection during market incidents.

**Balancer incident update**: Parallel pools using Balancer V2 infrastructure remain **completely unaffected** by the recent exploit. This confirmation provides reassurance to users of Parallel Money protocol that their funds in these specific pools were never at risk during the security incident. The update reinforces previous communications emphasizing the safety of Parallel-related liquidity pools.

**Parallel Money** has announced a new partnership with **StakeDAO**. This collaboration brings together Parallel Money's DeFi infrastructure with StakeDAO's liquid staking and yield optimization platform. The partnership aims to enhance yield opportunities and expand access to decentralized finance services for both communities. - Integration of StakeDAO's staking solutions - Enhanced yield farming opportunities - Expanded DeFi ecosystem collaboration Both protocols will likely benefit from shared liquidity and cross-platform synergies.

Parallel Money has put forward a proposal to update their Insurance Fund Strategy. This follows a recent proposal from Immunefi on Parallel Money's governance forum earlier this month. The Insurance Fund plays a crucial role in protocol security and risk management. Key points of the proposal include: - Updates to fund allocation strategy - Changes to risk management parameters - Modified governance oversight mechanisms Community members can review and vote on the proposal through the governance forum.

Parallel Money has partnered with Cooper Labs for a strategic 6-month marketing and growth initiative. This collaboration follows Cooper Labs' recent report highlighting several key developments: - MIMO Token Upgrade implementation - New tokenomics framework - Security audits in progress - Frontend user experience improvements The partnership aims to accelerate adoption and expand market presence through targeted growth strategies.

Cooper Labs has set significant developments in motion with major proposals now live. The initiatives include: - Potential V3 launch pending proposal approval - 6-month marketing and growth campaign for Parallel Money - Strategic partnership with Cooper Labs Marketing efforts have already begun to support these developments. The proposals represent a crucial step forward in the protocol's evolution.