Welcome to the 1B TVL club
Fun fact: Mirror dashboard doesn't index BSC yet, so including that we passed 1B a while back
#engineeringbacklog
Conversation
Hi Do, what is the future value of MIR apart from staking and governance?
Since the staking doesn't secure the protocol.
I can see how LUNA has intrinsic value from demand of Terra stablecoins but what about MIR?
Is it just a placeholder token to incentivize LP providers?
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MIR cashflows should increase as the mirrored markets get larger. As the protocol enters more long tail assets cdp closures should become more frequent, leading to higher value capture
That makes sense. Thank you for taking the time! Had a deep dive into MIR farming strategies w a friend for 5h today. Really excited :)
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Please feel free to join. A fellow agent
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