Mimo Labs

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. Community members can now review and provide feedback on the proposed changes. Key points: - Insurance Fund Strategy modifications proposed - Follows recent Immunefi governance proposal - Open for community feedback and discussion *Stakeholders are encouraged to review the proposal details on the governance forum and participate in the discussion.*

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.

The Parallel Protocol is implementing significant infrastructure updates and rebranding initiatives: - DVN Configuration Update: The PAR bridging module will receive an enhanced Decentralized Validator Network setup, strengthening cross-chain operations - Protocol Evolution: * Introduction of new governance token * Implementation of revised tokenomics model * Launch of refreshed visual identity These changes mark a strategic evolution in the protocol's architecture and governance structure. The DVN update specifically targets improved reliability in cross-chain transactions.

Parallel Money DAO is proposing to integrate Definitive's non-custodial trading platform for treasury operations management. The platform offers institutional-grade execution across multiple chains with advanced order types and aggregated liquidity from 100+ DEXs. Key proposal points: - Creation of two trading vaults (Treasury Ops & Insurance Fund) - Role-based access control system - Streamlined token swap process This move aims to address current challenges in cross-timezone token swap coordination among signers.

**Parallel Money** has announced a significant brand refresh through PIP-47, featuring a retro-futuristic aesthetic. The new design incorporates: - Geometric elements including lines and circles - Purple color scheme - Visual elements that reflect the protocol's name and ethos This update follows recent protocol developments, including a partnership with **Murphy Labs** as a Service Provider. The collaboration aims to enhance Parallel's ecosystem through new product developments. *The rebranding represents a strategic move to align visual identity with protocol evolution.*

The stablecoin $sUSDE has received final approval for implementation as collateral on Ethereum. This follows the earlier proposal and community discussion of its parameters. In related developments: - $UNI approved as collateral on Polygon PoS - Parameters for both tokens have been set and validated This expansion of collateral options aims to enhance liquidity and borrowing capabilities within the Ethereum ecosystem.

A high-profile panel on Real-World Asset Tokenization is scheduled for December 13 at 2:10 PM on the Onboard Stage during Taipei Week. Key participants include: - **Moderator**: Stan Chen (RecycleGO Inc CEO) - **Speakers**: - Adrian (CruTrade CMO) - Mark Trang (D3inc CMO) - Klodio (Mimo Labs CEO) The session will explore future trends in asset tokenization, featuring insights from industry leaders.

Mimo Labs participated in Thailand Blockchain Week and ETH Devcon in Bangkok, with founder Klodio presenting at multiple panels and roundtables. - ParallelMoney and Kuma Protocol garnered significant interest from major protocols and chains for potential integrations - Team engaged in strategic partnership discussions with multiple Web3 entities - Development plans for 2025 are in progress, with new collaborations being finalized The team reports positive feedback on their infrastructure development and future roadmap. Further announcements regarding partnerships and ecosystem development are expected.

A new proposal has been submitted to add a gauge on the auraECLP-paUSD-GYD pool on Ethereum via Spectra Finance. The initiative aims to benefit multiple stakeholders: **For Parallel Money & GyroStable:** - Sustainable yield opportunities for token holders (including SPIN points) - Increased TVL in liquidity pool - Enhanced DeFi visibility **For Spectra Finance:** - Higher tokenized and AMM TVL - Expanded yield options - Platform exposure growth - Potential APW holder benefits through bribes