Mimo Labs

Cooper Labs has received recognition for their work on the Tunnel project. The initiative has garnered support, including sponsorship for an audit, highlighting the importance of security in the space. Key points: - Cooper Labs praised for Tunnel project - Audit sponsorship demonstrates commitment to security - Project receives strong support from community This development underscores the ongoing focus on security best practices in the web3 ecosystem. **What's next?** Stay tuned for further updates on the Tunnel project and its potential impact on the industry.

Central Bank Digital Currencies (CBDCs) could pose a significant threat to traditional banking systems, potentially rendering them obsolete. As governments explore the possibility of becoming direct lenders through CBDCs, the role of commercial banks may diminish. Key points: - CBDCs could bypass traditional banking infrastructure - Governments may become direct lenders to citizens - Commercial banks risk becoming obsolete This development follows earlier concerns about the risks of keeping money in banks, including fund seizure and withdrawal restrictions. While CBDCs could offer economic benefits, their implementation may reshape the financial landscape, particularly impacting the commercial banking sector.

Mimo Labs has announced its participation in an upcoming panel discussion titled Unlocking the Future: The Benefits and Challenges of Tokenizing Real-World Assets. The event, scheduled for 2 PM on July 9, 2024, will explore the potential and obstacles associated with the tokenization of real-world assets (RWAs). This announcement aligns with Mimo Labs' previous statements regarding the future of finance moving on-chain and the ongoing tokenization of global assets. The panel aims to provide insights into the growing market opportunity presented by tokenized RWAs.

Parallel Money, a decentralized finance platform, has announced a partnership with Murphy Labs as a service provider. The collaboration aims to leverage the synergies between the two entities and Murphy Labs' ambitious roadmap to propel Parallel Money to a new stage of development. Further details about Murphy Labs' future products in relation to this partnership are available in the linked article.

MurphyLabs has applied to become a service provider for ParallelMoney, a move that is expected to contribute to the growth of the Parallel protocol. Having multiple service providers is seen as beneficial for Parallel's expansion. There is anticipation to learn more about MurphyLabs' roadmap and future products in relation to their involvement with ParallelMoney.

The Kuma Protocol, a decentralized finance (DeFi) platform, has officially launched on the Telos blockchain network. Mimo Labs, a prominent contributor to the Kuma Protocol and Parallel Money protocol, announced the deployment of Kuma on the Telos mainnet. This integration aims to provide users with access to innovative DeFi services and foster further development within the Telos ecosystem.

Mimo Labs, a contributor to the Kuma Protocol and Parallel Money protocol, has announced a long-term partnership with Bail Security, a team dedicated to cyber and blockchain security. The partnership aims to ensure that Mimo Labs' protocols are more secure than ever, leveraging Bail Security's expertise in the field. This collaboration highlights Mimo Labs' commitment to maintaining robust security measures for their decentralized finance solutions.

Klodio, the founder of Mimo Labs, has shared his insights on how artificial intelligence (AI) and real-world assets (RWAs) are transforming the decentralized finance (DeFi) sector in an article published by BeInCrypto. Mimo Labs contributes to the Kuma Protocol and Parallel Money protocol, which are focused on leveraging AI and RWAs in the DeFi space.

In a recent interview on the Global Risk Community podcast, Mimo Labs founder Klodio emphasized the importance of offering transparent risk and adhering to regulatory requirements. Mimo aims to provide similar yields to centralized entities but with clear disclosure of risks. Additionally, Klodio stated that Mimo follows the same restrictions as banks, unable to onboard sanctioned members, in order to build trust while offering convenience. Mimo Labs contributes to the Kuma Protocol and Parallel Money protocol.