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Jun 25, 2021

Congrats

on v2 launch! You can now get 40% APR (20 from aUST collat, 20% masset pools) while being delta neutral. If you know what that means, ygmi ✨

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Mirror Protocol

@mirror_protocol

· Jun 25, 2021

Mirror V2 is now live!

terra.mirror.finance medium.com/mirror-protoco

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CryptoNaut

@CryptoNaut1000

Jun 25, 2021

When you deposit UST to the 'earn' section, you get 20% APR from that. Just for holding the stable coin. When you do so, you get aUST in the same amount. This you can use as a collateral when minting mAssets. Those mAssets you can then pool and farm, which gives you again yield.

ChrisnotElec

@cpablo1888

Jun 25, 2021

Isn’t there an impermanent loss risk?

CryptoNaut

@CryptoNaut1000

Jun 25, 2021

When minting, there is a risk of liquidation. If it happens, your collateral is (partly) gone. that is your aUST. So I assume your total balance in the 'earn' section , which you can withdraw will go down.

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and

Hint: as a minter you can both long and short Mix and match to hammer dat delta to 0

11:47 AM · Jun 25, 2021Twitter for iPhone

Replying to

Understood! So if you mint both long and short (buy and sell) with the same amount, you are always break even, no matter the price of the minted asset. This way your risk is zero, just like when depositing your UST to 'earn'.

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Sooooo as an example.. Lets take the 1000 aUST tokens . Long mETH for $500 worth with some leverage, and earn ~43% returns in MIR.. Short mETH for $500 worth with some leverage and earn ~43% returns in MIR.. and even if a position gets liquidated the other's up, so you're even?

Bubble Chaser

@pradiptonc

Jun 25, 2021

The % return(in MIR) varies every hour and differs