MM.Finance 2nd Launchpad — Mimas Finance

3 min readDec 25, 2021

Dear Meerkats, it is time to introduce you to our next launchpad, Mimas Finance!

Mimas Finance is an algorithmic money market and liquid staking protocol on the Cronos blockchain. Built by the same team behind Tranquil on the Harmony blockchain, it allows users to supply and borrow assets, while receiving or paying interest in a completely permission-less and decentralized way. Borrowing and lending interest is set based on market demand, and loans are over-collateralized to ensure solvency.

Mimas Finance is a fork of Tranquil Finance (which is forked from Compound), which has been audited by CertiK and has been successfully running for many months across volatile market conditions with tens of millions in TVL. Their DEX-based TWAP oracle stack, which works without Chainlink, has been proven and validated in the field.

After the money market and MIMAS token is launched, they will quickly follow-up with a liquid staking protocol, where users can stake CRO and receive stCRO. The liquid staking token stCRO will passively accrue staking rewards while being usable as collateral for Mimas lending.

The vision for Mimas Finance is to be the premier platform on Cronos for lending and borrowing. In addition to the standard safe assets like BTC or USDT, they will work with the community to list long-tail tokens that are unique to Cronos, increasing the utility and value of all tokens in the ecosystem.

Sale Details:

$MIMAS sale will take place at MM Finance and will last for 24 hours, and you will need $MMF-CRO LPs to participate.

Sales Page: https://mm.finance/launchpad
Start: 3rd Jan, 10:00am UTC
End: 4th Jan, 10:00am UTC
Token Price: $0.20 per $MIMAS (paid in $MMF-CRO)
For Sale: 10,000,000 $MIMAS
$MMF to be burnt: $1,000,000 USD
Duration: 24 hours
Method : Overflow

In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.
The excess funds committed will be refunded back to the users after the sale. They will be able to claim both their new tokens and unused tokens after the sale has ended.

Benefits to MMF ecosystem

MMF token will also be made available for lending and borrowing on Mimas Finance platform as part of their development roadmap! (Hooray to more use cases for $MMF token!)
750,000 MIMAS token (valued at $150,000 USD) will be set aside for a — Stake MMF > Earn MIMAS pool on MM.Finance.
MIMAS liquidity will be formed on MMF and this will increase our trading volume and user base.
$1,000,000 USD of MMF will be burnt during the launchpad.

1. Before Sale

Buy $MMF and $CRO tokens
Get MMF-CRO LP tokens by adding liquidity on MM.Finance

2. During the Sale

Commit your MMF-CRO LP tokens to get $MIMAS tokens on mm.finance/launchpad.

You can lock your LP tokens at any time during the subscription period, even within the final 30 minutes, if you are worried about not having access to your LP tokens after it is committed.