Mimas Finance
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Protocol Info

Contracts

Name
Address
Comptroller (Implementation)
0x7307C99bA7CE2D844c59434B6B5019DdD17CB964
Comptroller (Proxy)
0xdD8c94211dD19155EFFbd57EAb6D4e0DE31A3b9E
mmToken (Implementation)
0xa7DA0f1Deb86cC90a5F7a18608f687529f652602
PriceOracle
0x6e31ab86874ed78d75b8789340609023fc7f9196
TWAP Oracle (WBTC / CRO)
0x6aDaCF92A6524596d1807BA315e0819Da6c06bab
TWAP Oracle (ETH / CRO)
0x85ddd2c04cc946c7f0b677842ae3e5b6fe11c181
TWAP Oracle (USDC / CRO)
0x54edCD8e0990fA45d05b959db25b6FAd0aF76FD4
TWAP Oracle (USDT / CRO)
0x8E9F351A91613a42cb74f771bCf8aF8bd1F36892
TWAP Oracle (bCRO / CRO)
0x387cec1a38f39f14fa4bc7c5e5c9584a5d70a40e
Interest Rate Model (major)
0xE978c6AC066bEa23DD6C721cceeAEd7fA4E48f20
Interest Rate Model (stablecoin)
0xDFEe420fddD754D3A904AB481794b28326FA9266
Interest Rate Model (Governance)
0x72232d2f679AC22229dF6AA2145b2eaa4a6ab669
The contracts are all verified on the Cronos blockchain explorer. The proxy for each market are listed in the next section, and they are also verified on the block explorer.

Markets

MmToken
Contract Address
Collateral Factor
Reward Emissions
mmCRO
0xff024211741059a2540b01f5Be2e75fC0c1b3d82
40%
0.025 MIMAS / sec 0.1 rMIMAS / sec
mmWBTC
0xaFb3258b036F2715De4da6019e3bceDdD8B9D55E
50%
0.025 MIMAS / sec 0.1 rMiMAS / sec
mmETH
0x3f95131c2Cd1E38CdfeA27509CE511e6CAd945bf
50%
0.025 MIMAS / sec 0.1 rMIMAS / sec
mmUSDC
0x65dBb59AF50e27BB7F436e28A4d09AC465815C4a
60%
0.075 MIMAS / sec 0.3 rMIMAS / sec
mmUSDT
0xFe142347a1ef2f9D4Cb2396a0d7aAF7be4A5a19b
60%
0.025 MIMAS / sec 0.125 rMIMAS / sec
mmBCRO
0xd19153300ddC302976546Fa89344117Ff73cCb23
20%
0.005 MIMAS / sec 0.02 rMIMAS / sec

Interest Rate Model

The interest rate model for all are derived from the triple slope rate model used by CREAM Finance. The interest rate increases linearly as a function of market utilization, but it jumps drastically close to maximum utilization. This spike in interest rates heavily incentivize users to add more liquidity to the market and borrowers to repay their loans.
Used by the CRO, WBTC, ETH, and bCRO markets.
Used by the USDC and USDT markets.
Used by the MMF and SVN markets.

Liquidations

All borrow positions that exceed the borrow limit of their collateral can be liquidated in order to defend the assets deposited with Mimas Finance. A 10% (5% to liquidator, 5% to protocol) discount will be applied to the liquidated position, which incentivizes both borrowers to be mindful of their leverage and liquidators to promptly close shortfalls.
Liquidating underwater positions is a function that is available to everyone, and we encourage the community to help us maintain the health of the protocol. Users can make a profit for each position they help liquidate.