MGP-11 | Add PAR-jEUR BPT as collateral on the Mimo Midas pool on Polygon

Summary:

This proposal aims to add PAR-jEUR BPT on our Midas pool on Polygon.

Rationale:

This discussion follows the MGP-7, make sure to read it first.

Recently, the proposal to get a Balancer Gauge has been accepted which will make it possible to get $BAL in Liquidity Mining on the 2eur (PAR) pool. For the same reasons as for the PAR-USDC UniV3 and PAR-jEUR Curve LPs collateral on Midas (i.e: allows LP token as collateral and keeps earning rewards from liquidity mining), this proposal aims to add the PAR-jEUR Balancer LP to our isolated market on Midas.

Parameters :

Add PAR-jEUR BPT as Protected Collateral:

LTV → 85% Supply Cap → $2.5M

Means:

• Human resources: Verify that the Mimo Midas Capital Pool has correctly added PAR-jEUR BPT and that the ownership of the pool has been successfully transferred to the Mimo DAO multisig.

• Treasury resources: There is no cost for the treasury to create the pool on Polygon.

Technical Implementation:

The Midas team will add PAR-jEUR BPT with voted parameters by the Mimo DAO then transfer the ownership of the pool to the Mimo DAO multisig. The Midas Capital pool will be on the Midas Capital frontend.

** Voting Options:**

• Accept to add PAR-jEUR BPT as collateral on our Midas pool
• Refuse to add PAR-jEUR BPT as collateral on our Midas pool
• Abstain / Rework the proposal

Authors: @starny & @jeanbrasse from Mimo Labs.