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In my last @Delphi_Digital Daily of the year I explore the present and future of @mirror_protocol, a synthetic assets protocol I'm very excited about.
Let's explore
Let's explore
Mirror is currently the only decentralized protocol to offer on-chain exposure to US stocks.
The initial list includes trader favorites such as TSLA, NFLX and AMZN.
The initial list includes trader favorites such as TSLA, NFLX and AMZN.
Following the fair launch trend, the protocol launched its initial supply of MIR tokens to LUNA stakers and UNI holders.
Future distribution will happen mostly as LM rewards.
If you're a UNI holder, you can receive your airdrop here: https://eth.mirror.finance/airdrop
Future distribution will happen mostly as LM rewards.
If you're a UNI holder, you can receive your airdrop here: https://eth.mirror.finance/airdrop
The LM campaign is currently running for users who stake LP tokens of US stock/UST or MIR/UST.
You can check APRs on Terra here: https://terra.mirror.finance/stake
And Ethereum here: https://eth.mirror.finance/
Yes. The protocol launched in both blockchains at the same time.
You can check APRs on Terra here: https://terra.mirror.finance/stake
And Ethereum here: https://eth.mirror.finance/
Yes. The protocol launched in both blockchains at the same time.
Governance has been very active recently: there are 30 proposals live already.
Most of them for whitelisting new assets.
As Bitcoin and Ethereum get whitelisted, I expect the range of synthetics to expand to other asset classes going forward. https://twitter.com/d0h0k1/status/1343375499066634240?s=20
Most of them for whitelisting new assets.
As Bitcoin and Ethereum get whitelisted, I expect the range of synthetics to expand to other asset classes going forward. https://twitter.com/d0h0k1/status/1343375499066634240?s=20
But the future will hold more than just plain exposure to stocks and indexes.
How about yield bearing stocks and hipster indexes?
The possibilities are endless here. Just imagine… https://twitter.com/d0h0k1/status/1341503807050510337?s=20
How about yield bearing stocks and hipster indexes?
The possibilities are endless here. Just imagine… https://twitter.com/d0h0k1/status/1341503807050510337?s=20
Additionally, in partnership with @InjectiveLabs and @BandProtocol, stock futures trading using Mirror synths will go live soon.
You said you wanted leverage? https://twitter.com/InjectiveLabs/status/1342072107426082816?s=20
You said you wanted leverage? https://twitter.com/InjectiveLabs/status/1342072107426082816?s=20
And there’s more. Soon, user farming may go live, which will pay developers all around the world who fork the Mirror Wallet and acquire users who trade synths on Mirror. https://twitter.com/d0h0k1/status/1339750247912730624?s=20
Not everything’s rosy though, as there’s precedent of US authorities cracking down on companies offering similar products. It remains TBD how they will react to Mirror.
https://www.lexology.com/library/detail.aspx?g=de7dab30-1959-45cc-ac6b-23e6d08c2c42
https://www.lexology.com/library/detail.aspx?g=de7dab30-1959-45cc-ac6b-23e6d08c2c42
You can check out the complete Daily here.
https://www.delphidigital.io/reports/looking-in-the-mirror/
cc. @Fiskantes – tagging you as I know you like @terra_money sir!
https://www.delphidigital.io/reports/looking-in-the-mirror/
cc. @Fiskantes – tagging you as I know you like @terra_money sir!
