What is Plume Network?

Plume Network is the first modular RWA L2 built for the adoption of real-world assets. Its primary goal is to create a Composable RWA platform that supports a wide range of decentralized applications (dApps) and services, with a focus on tokenizing assets for on-chain use cases.

Why Deploy on Plume Network?

Kuma protocol deploying on Plume Network would benefit from the following:

1. High Performance: Plume Network's modular architecture is designed to handle a high volume of transactions with minimal latency, focusing on delivering the best user experience.

   Deploy Assets Instantly: RWA infrastructure baked into the chain allows anyone to seamlessly onboard any asset onto the network.

2. Scalability: The network is designed to scale effortlessly, accommodating growing user demands and expanding the scope of applications.

   Trade All RWAs: Construct a diversified portfolio while trading, borrowing/lending, and farming distinctive assets on Plume.

3. Built-in KYC Compliance: Plume Network ensures that users are KYC-ed (Know Your Customer) compliant, adding an extra layer of trust and security. This compliance reduces the risk of fraudulent activities while enhancing the overall integrity of the ecosystem.

   Day One Compliance: Powerful compliance tools empower all projects to build and attract capital in a regulated manner.

Kuma Protocol's Participation

At Kuma Protocol, we are committed to pushing the boundaries of blockchain technology. Our participation in the Plume Network Testnet aligns with our vision to explore new frontiers and leverage innovative platforms to deliver exceptional solutions. By deploying on Plume Network, we aim to:

• Enhance Functionality: Test and refine our protocols in a high-performance environment.

• Boost Security: Ensure that our solutions meet the highest security standards.

• Expand Reach: Tap into Plume Network's growing ecosystem and reach a broader audience.

Why Join the Plume Network Testnet?

Participating in the Plume Network Testnet offers users a unique opportunity to be part of an emerging tokenized RWA ecosystem. Here's why you should consider participating:

1. Early Access: As a Testnet participant, you'll be among the first to explore new features and functionalities, giving you a head start in understanding the tokenization of RWA.

2. Join the Goon Community: Become part of a strong RWA ecosystem. The Testnet provides a platform to connect with like-minded individuals, share ideas, and collaborate on pushing the boundaries of what's possible for tokenization.

3. Earn Miles: Testnet participants can earn "Miles" Testnet points to try out the platform and its ecosystem partners.

How to Get Started

Getting started with the Plume Network Testnet is simple. Follow the comprehensive guides available on Plume’s website: https://miles.plumenetwork.xyz/

For specific information on Kuma Protocol’s quest for Plume Network Testnet, visit our dedicated page: https://plume.kuma.bond

Join us in this exciting journey and help shape the future of blockchain technology. Your participation is invaluable, and we look forward to your contributions to the Plume Network Testnet.

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KUMA

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Step-by-Step Guide:

1. Get onboarded at https://onboard.mimo.capital/

2. Purchase NFT Backed by US Treasury Bills:

   • Start by purchasing an NFT from Mimo Capital AG, which is backed by US Treasury Bills. This NFT serves as your key to minting wUSK. (minimum $100k purchase).

3. Mint wUSK:

   • Use your newly acquired NFT to mint wUSK on the KUMA dApp. This process allows you to mint wrapped USK tokens that can be used for trading and liquidity provision.

4. Monitor the wUSK Price:

   • Keep an eye on the wUSK market. If the price of wUSK is higher than the peg, it indicates high demand and an opportunity for profitable arbitrage.

5. Sell or Buy wUSK Based on the Market:

   • If the Price is Higher than the Peg: Sell your wUSK tokens to take advantage of the higher price.

   • If the Price is Below the Peg: Buy wUSK tokens to help return the price to the peg. This action supports market stability and can lead to profitable arbitrage when the price corrects.

6. Convert wUSK Back to NFT and Sell:

   • Once you are satisfied with the arbitrage profits, you can convert your wUSK back to the KUMA NFT. You can then sell this NFT back by reaching Mimo Capital AG by mail at tokenization@mimo.capital

Benefits of Arbitrage on Telos:

• Profit from Price Discrepancies: Take advantage of price variations to buy low and sell high, maximizing your returns.

• Support Market Stability: By engaging in arbitrage, you help stabilize the wUSK peg, benefiting the broader ecosystem.

• Profit from the incentives: Take advantage of the rewards in various tokens from the different pools with wUSK.

At the moment of writing, there are two pools on Telos:

1. Symmetric Composable Stable wUSK USDC - Find it here

2. Symmetric Weighted Pool wUSK sTLOS - Find it here

Conclusion

By following these steps, you can effectively profit from wUSK depegging due to high demand while contributing to market stability. This opportunity is ideal for market makers and investors with $100k seeking profitable arbitrage on Telos. Join us in maintaining the stability of wUSK and enjoy the financial benefits that come with it.

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Note : You’ll have to pay gas fees for all the transactions, on Telos EVM, you’ll need to have some $TLOS to pay the transaction fee.

Here’s a guide to get $TLOS to pay gas fees and another guide to bridge assets to Telos EVM.

Obtaining wUSK:USDC and TLOS:wUSK BPT

1. Navigate to Pools on Symmetric
   For the wUSK:USDC pool, follow this link.
   For the 80/20 TLOS:wUSK pool, follow this link.

2. Deposit assets to provide liquidity
   Enter the amount of assets you would like to deposit.

Congratulations, you have now provided liquidity on Symmetric

You know have to Stake your LP to earn rewards, for this, go on “portfolio” and click on the action button then on “Stake for Incentives” as shown in the image below.

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KUMA

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What is Telos EVM?

Telos EVM offers a production-ready environment for developers seeking to leverage the power of Web3. With its industry-leading speed, low fixed gas fees, and consistent uninterrupted uptime since launch, Telos EVM distinguishes itself as a blockchain that is genuinely usable, accessible, and secure.

Benefits and Synergy: KUMA on Telos EVM

• Cost-Effectiveness: Telos EVM drastically reduces transaction costs, making it economically viable for various applications.

• Speed: Telos EVM boasts industry-leading speeds, facilitating efficient transaction processing.

• Transparency: Telos EVM ensures a fair and transparent ecosystem with its first-in-first-out mempool structure.

• Ethereum Compatibility: Telos EVM's compatibility with Ethereum's programming languages and APIs simplifies the development process for developers.

KUMA on Telos EVM: A New Chapter

The deployment of the KUMA Protocol on Telos EVM opens up new opportunities and expands our presence in the blockchain ecosystem. This integration will allow Telos users to access a new type of digital assets backed by real-world assets, offering increased diversification and accessibility.

A Word from Our Partners at Telos

"We're thrilled to announce our partnership with Mimo Labs and Kuma, and we're especially excited about the deployment of the Kuma Protocol on Telos EVM. Collaborating with such a dedicated and skilled team is truly exciting as we venture into the RWA space together. This partnership is pivotal for us at the Telos Foundation as we continue to deliver innovative solutions to our community. Please join us in welcoming Kuma DAO and Mimo Labs to our network!" - Telos Team

Initial Step: USK

To kickstart, we will initially deploy USK (USD KUMA) on Telos EVM. USK will be backed by 12-month US Treasury Bills, providing users with a stable and secure investment opportunity.

Partnerships and Liquidity Mining

In collaboration with the Telos EVM Foundation, we will offer liquidity incentives for wUSK based on certain key performance indicators, encouraging participation and adoption of the KUMA Protocol on Telos EVM.

Conclusion

Launching the KUMA Protocol on Telos EVM represents a significant step in our mission to make the tokenization of real-world assets more accessible and efficient. We look forward to seeing how this integration will benefit our community and drive innovation in the Telos ecosystem.

Stay tuned for more exciting updates as we continue to explore new opportunities and build a more inclusive and transparent financial future with the KUMA Protocol.

Thank you for your continued support!

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KUMA

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In a significant development for the DeFi markets, wFRK, tokenized French 360 days T-Bills (3.38% APR) from KUMA is now accepted as collateral to borrow jEUR on the Synthereum protocol, developed by the Jarvis Network. This collaboration between KUMA and Jarvis Network promises to bring new opportunities, enhance the liquidity of digital assets backed by real-world assets, and unlock the yield potential for DeFi users.

You can now borrow jEUR against wFRK here.

The Convergence of Two Worlds: wFRK from KUMA and jEUR from Jarvis

wFRK, an erc-4626 wrapper of FRK, a KUMA interest-bearing token backed by KUMA NFTs, themselves backed by French 360 days T-Bills offering 3.38% APR. This innovative solution empowers users to benefit from the stability of interest rates associated with French sovereign bonds while actively engaging in the dynamic world of DeFi.

On the other hand, Jarvis Network has launched the Synthreum protocol for buying, selling and , borrowing synthetic fiat currencies aka stablecoins. jEUR is one of the primary synthetic currencies offered by Jarvis, designed to track the value of the Euro.

Diversification of Collateral Options and Yield Generation

The integration of wFRK as collateral for borrowing jEUR provides users with more diversified collateral options. So far, DeFi protocols have mainly relied on cryptocurrencies like Ethereum (ETH) as collateral. However, what sets wFRK apart is that it generates yield (3.38% APR) such as wstETH, making it an attractive choice for various DeFi strategies:

1. Very stable collateral option: wFRK is backed by French sovereign bonds, offering users a stable collateral option. The stability of these bonds provides a strong foundation for jEUR, reducing the risk associated with price volatility.

2. Paid to Borrow & Off Ramp: Deposit wFRK on Jarvis to Borrow jEUR, Swap jEUR for EURe then send EURe to Bank Account via Monerium. With this strategy, you still earn yield from your initial wFRK deposit and use EURO from your bank account.

3. Yield Leverage: Deposit wFRK (3.38% APR), Borrow jEUR (-0.5% one time), Swap jEUR for wFRK, Deposit wFRK as collateral, Repeat.

Balancer Gauge for wFRK/PAR/jEUR Pool

A recent development in the DeFi space is the proposal to enable a Balancer gauge for the wFRK/PAR/jEUR (p-cs-kp-eur) pool. This initiative aims to increase the liquidity of wFRK, jEUR and PAR.

The wFRK/PAR/jEUR pool serves multiple purposes, including providing a fiat gateway for jEUR, wFRK and PAR holders, offering opportunities for arbitrage to maintain the peg of these assets, and boosting liquidity across the entire ecosystem.

Collaboration and Growth

The collaboration between KUMA, Jarvis Network, and the proposal for the Balancer gauge highlight the dynamic nature of the DeFi ecosystem. It showcases how different protocols and tokens can work together to create a more robust and interconnected decentralized finance landscape.

As the DeFi space continues to evolve, users can look forward to more innovative collaborations and opportunities to optimize their strategies, all while generating yield and enhancing the overall stability of the market.

In Conclusion

This integration of wFRK as collateral for jEUR on Jarvis Network, along with the proposal for a Balancer gauge, marks another significant step towards the maturation of the DeFi ecosystem. It offers users new collateral options, enhances the security and stability of synthetic assets, and unlocks the potential for yield generation within DeFi strategies. Furthermore, it provides broader access to Real World Assets (RWAs), particularly the French sovereign bonds, bridging the gap between traditional finance and the decentralized world.

Stay Connected

Thank you for reading our article! To stay updated with our latest content and engage with our community, we invite you to follow us on Twitter and join the community on Discord.

KUMA

Website | dApp | Twitter | Discord | Doc

Jarvis Network

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Code4rena

The Code4rena private contest for Kuma has recently concluded, providing participants with an exclusive opportunity to audit the protocol’s smart contracts. Running for 4 days until 22nd February, the contest was the second in a series of audits for the Kuma protocol.

https://twitter.com/mimo_labs/status/1627018220879155200

Live JDC Summary

Klodio recently gave an interview to le Journal du Coin, providing updates on the latest developments about Mimo and Kuma. The interview also revealed some exciting alpha… 👀👇

https://twitter.com/mimo_labs/status/1628075765005799424

Kuma scheme

A clear scheme explanation from @0vEvix of how the Kuma Protocol works.

https://twitter.com/KumaProtocol/status/1628153368798539844

Mention

A special thanks to @stephdan.eth for mentioning Kuma Protocol and MimoLabs in his TradFi/DeFi thread.

https://twitter.com/stephdan_law/status/1627699659056549890

The very first Kuma proposals

KIP-0 ┃ KUMA Governance Framework

This proposal is intended to establish a governance framework for KUMA Protocol, which will be controlled by vMIMO holders. The framework includes different proposal types depending on the subject discussed, voting on DAO rules, and templates. Proposals require posting on the governance forum for at least 48 hours before posting the snapshot, proposal type, number, and name, among other details. There are three proposal types: KUMA Integration Request (KIR), KUMA Governance Proposal (KGP), and KUMA Improvement Protocol (KIP), each with their own parameters for admin, quorum, and voting duration.

See the Snapshot proposal here.

KIP-1 ┃ Adjust the threshold to post governance proposals

This proposal aims to adjust the threshold for posting governance proposals on Kuma Snapshot. The current threshold of 0 vMIMO allows anyone to create a proposal, which can lead to unwanted and irrelevant proposals. The proposed solution is to set a threshold of at least 100,000 vMIMO (0.01% of the total maximum supply) for posting proposals. There are several options for the new threshold, and vMIMO holders can delegate their voting power on Mimo's Snapshot.

See the Snapshot proposal here.

KIP-2 ┃ Deploy KUMA Protocol on Ethereum

Mimo Labs proposes deploying the KUMA Protocol on Ethereum. As a reminder, the protocol is a decentralized platform that issues interest-bearing tokens backed by regulated NFTs backed by real-world assets, such as sovereign bonds. The tokens are user-friendly and audited. The protocol will be owned by vMIMO holders, and there is no cost for the treasury to deploy it.

See the Snapshot proposal here.

That’s about it for this month!

Be sure to visit Kuma’s Snapshot profile to not miss the latest proposals.

You can also participate in the discussion on the Governance Forum or on Discord, and if you have any questions or suggestions, feel free to chat with the community on Telegram.

Don't forget to also follow the latest information on the Kuma Protocol Twitter account.