Our Near Term Roadmap
Dear Cosmonauts, it’s been almost a week since our full launch, and what a crazy week! The team has been working non-stop to provide as much value as we can to our growing Mimas community. We are tired but very happy with the results!
In this very short period, we not only announced Defira, our ambitious DeFi metaverse vision that builds on top of Mimas and Tranquil, but also made a lot of progress our near term roadmap. We are now very happy to announce that we are launching:
- Crypto.com DeFi Wallet support
- rMIMAS rewards for supply and borrow
- MIMAS liquidity incentives
Crypto.com DeFi Wallet Support
Crypto.com DeFi Wallet support was probably the most asked feature since our launch. We were planning to deliver it a bit later, but we heard our community and reshuffled our priorities accordingly.
You can now use Crypto.com DeFi Wallet browser extension (or the mobile app directly) with Mimas Finance.
We believe this will enable a lot more Crypto.com users to start using Mimas Finance, which will help grow our community, and significantly increase the protocol usage.
rMIMAS Rewards for Supply and Borrow
One of our key learnings from Tranquil Finance was that high rewards (distributed as protocol token) create a lot of sell pressure, hurting the long-term token holder. At same time, without competitive rewards, it’s very hard to increase the protocol adoption, which also hurts the long-term token holder.
rMIMAS (a timelocked MIMAS) rewards for supply and borrow provides the best of both world: we can provide very competitive (way above the market) APY, but at the same time we don’t increase the sell pressure for MIMAS. It’s a win-win scenario for our loyal long-term MIMAS token holder!
The reward speeds and split between MIMAS and rMIMAS for each market documented here. Those value might be adjusted over time to respond to changes in market conditions.
MIMAS Liquidity Incentives
Last but not least, we also added a staking pool for MIMAS / CRO LP tokens from our MM Finance partners. This will provide very juicy rewards for MIMAS liquidity providers.
To participate, you first have to provide liquidity (by depositing MIMAS and CRO) on MM Finance. After that, you’ll receive MEERKAT-LP tokens corresponding to your share of the liquidity pool. Finally, you can stake those tokens and start earning MIMAS rewards!
A Glimpse Into the Future
Our team continues to work on our more immediate roadmap, while at the same time also making progress on Defira, our vision for the future of Mimas and Tranquil. We are shaping up our vision for the gameplay and the cross-chain interactions, and we will have more details to share soon.
Our art team are also working very hard to prepare our initial batch of NFT Gen-0 heros, where locked MIMAS (and TRANQ) holders will be eligible for lotteries.