Conversation

Jun 21, 2021

Many of you mentioned yield going down, which is true. However, rather than TVL, I’m more concerned about the ‘number of trades’ chart. It shows Synthetix has not increased adoption at all over the last 12 months. In fact, less people are trading using the protocol.

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Larry Engineer | Medellín Sep 26-28

@larry0x

· Jun 21, 2021

Mirror Protocol's growth seems to have stagnated recently, both in terms of TVL and volume. Synthetix doesn't look good as well. Number of trades is actually lower than DeFi summer of last year. Any insight on what's going on with the synthetic asset market?

Freya Jane

@FreyaJane89

Jun 21, 2021

Its still very inward looking though. Without mainstream apps you cant reach ‘everyday’ people who might want to invest

Larry Engineer | Medellín Sep 26-28

@larry0x

Jun 21, 2021

True, Synthetix is definitely not normie-friendly. There needs to be a well-designed app with similar experience as Robinhood in order to really pick up normie adoption.

Do Kwon

@stablekwon

Jun 21, 2021

Any feedback on mirrorwallet.com ?

UnHΞdged

@hedgefunder01

Jun 21, 2021

Moonpay is an expensive fiat on ramp. Really need something with ~0 fee. Primetrust fixes this?

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and

K, noted. Anything else? I should probs be asking this off CT

11:13 AM · Jun 21, 2021Twitter for iPhone

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Once V2 live and fiat on/off ramp sorted think it needs a big marketing push to the normies outside crypto

@truthnotobeheld

Jun 21, 2021

Yeah, some integrations with main straem sns would be good.

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And maybe the ability stake $MIR and vote in governance from within the app might be useful? (esp as the APR is pretty attractive and non-traditional users might be drawn in by their curiosity to investigate this and other parts of Mirror further)

UnHΞdged

@hedgefunder01

Jun 21, 2021

A normie friendly way to LP in the app would be huge. Either through thorchain style synths with IL protection or ‘deposit mAsset + x UST to earn y APY’. APY offered could be less than LP with the difference covering impermanent loss

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If u wanna target normies, a proper trading app must be the end goal. It should include more charting, order book system and etc. if you aim for CT folks, a proper walletconnect and etc or ledger support is needed. So, basically this app is not appealing to both worlds.