Mimo Labs Forms Strategic Partnership with Liquis
Mimo Labs is pleased to announce a partnership with Liquis, the leading liquid governance wrapper for Bunni. Mimo Labs’ engagement with Liquis represents a strategic step towards optimizing liquidity for our key assets.
About Liquis
Liquis’s foundation is built on innovation, and its upcoming offerings are expected to revolutionize managing incentives for concentrated liquidity on Bunni, making it more efficient and user-friendly for Parallel and KUMA LPs to participate.
Liquis is a governance wrapper built on top of Bunni, a liquidity management solution on top of Uniswap V3 that enables users to provide concentrated liquidity within specific ranges on its pools. Positions are represented through a fungible ERC-20 receipt token. Furthermore, Bunni has pioneered an incentive layer for Uniswap v3 via$veLIT tokenomics, a voting-escrow governance mechanism inspired from Curve tokenomics with several improvements. This token is instrumental in directing future emissions to designated Bunni liquidity ranges. With Liquis’s integration, users can now access “max-locked” veLIT with secondary liquidity, reducing its opportunity cost.
The protocol’s fee revenue is intricately tied to oLIT emissions, ensuring a sustainable revenue model. Asset-issuing protocols benefit directly from Liquis’ capability to direct oLIT emissions, a critical component for maintaining competitive liquidity depth. Furthermore, the seamless integration with Uniswap v3 amplifies yields for liquidity providers, as Liquis acts as a conduit for efficient oLIT redemption, optimizing the tokenomics within the ecosystem.
LIQ is Liquis’ native governance token, central to allocating veLIT for Bunni gauge votes and steering governance proposals. Users can lock LIQ into vlLIQ for 16-week periods, cementing their governance influence. This robust tokenomics design not only incentivizes long-term participation and commitment but also fosters a balanced ecosystem, promoting both user engagement and protocol stability.
Notably, this model has been implemented successfully by protocols like Convex for Curve and Aura for Balancer.
Synergies with Liquis
Mimo Labs’s focus has been on enhancing our fiat-aligned tokens. Recognizing the importance of robust liquidity, especially for stablecoins, our collaboration with Liquis is a strategic initiative. Our contribution of $25,000 to Liquis’s Pre-Launch Program reflects our shared goals. Through this partnership, we aim to optimize liquidity for key assets like PAR, paUSD and KUMA Interest-Bearing stablecoins within the Bunni platform. Moreover, Mimo Labs is planning to propose obtaining a gauge for the PAR/wEGK pool, which currently has $2.1M in liquidity, and then using acquired $vlLIQ tokens to vote for the pool.
Dive deeper into Liquis
Liquis’s Pre-Launch Program has already garnered significant attention, showcasing a robust strategy and a clear roadmap for the future. As they gear up for the official protocol launch, the DeFi community is eager to explore the new avenues and tools that Liquis promises to introduce.
We encourage our community to stay updated by following Liquis on Twitter and Discord, and by reviewing their documentation.
