Zunami DAO Vote Id:1

The Zunami team has developed a new strategy for Convex Finance - MIM Pool. We have created a proposal to agree with the Zunami DAO members on adding a new strategy to the Zunami Protocol.

Address: 0x946C3397D917898Be9034fe8206717ab84c4451a

Description: MIM capitalization: $2815346645
Сurrent APY on Convex: 9.2% The volume of funds in the Convex pool exceeds $1 billion. MIM stablecoin is issued by the https://abracadabra.money/ company with projects' TVL currently standing over $1.8 billion and a valuation of their native token SPELL is $330 million.

Benefits

We consider the MIM strategy to be one of the best in terms of risk/reward ratio. This strategy also has low slippage due to the large amount of funds in the Curve/Convex pools. The current APR in the LUSD pool is 8.32% (projected APR is 5.56%), and we expect further decline. Since APR in the MIM pool is 9.2% (projected 9.15%), rebalancing funds from LUSD to the MIM pool will help us maintain profitability while allocating funds in a pool with much more appealing liquidity.

Strategy features: ⁃ Deposit stablecoins (USDT, USDC, DAI) to the MIM pool on Curve ⁃ Stake mimCrv LP tokens on Convex Finance ⁃ Automatic sale and reinvestment of CRV, CVX rewards.

Action:

• Add "Convex Finance - MIM Pool" strategy as one of the Zunami Protocol strategies
• Set the "Convex Finance - MIM Pool" strategy as the default deposit strategy
• Rebalance funds from the LUSD pool to the MIM pool.