Mimo Labs

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

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.