Turning on the MIPs in your face strategy automatically turns on the MIP strategy too.
The MIP strategy allows you to give crowns to your current most important projects (MIPs).
When the MIPs in your face strategy is turned on you will see your MIPs as project radials at the top of your day:
How to toggle MIPs in your day view
You can hide/show them via the project flag icon at the top right of your daily list:
Hovering over the project radials
When you hover over the project radials you can see how many tasks out of the total were completed.
Clicking the project radial
Clicking the project radial takes you to the project view for that project.