Mirror Protocol is a Terra-blockchain-based protocol, can create fungible assets “synthetics” called “mAsset’s”. “mAsset’s” are replicating traditional financial assets, such as stocks of companies, these tokens are enabling investors and traders to gain price exposure, via a fully decentralized platform which is very important because this will avoid all the disadvantages of centralized stock exchanges, such as nobody will be able to forbid you to sell your shares as it happened during GameStop scandal. Also, you don’t need to undergo the KYC procedure, just like every DeFi protocol Mirror Protocol doesn’t need to know anything about you.
Mirror Protocol allows…
There are many different types of tokens in the world of crypto, some of them are completely non-productive like a Dogecoin, some of them have usage like the ability to vote, which Governance tokens give to its holders.
Let’s compare two tokens of very popular decentralized exchanges, Uniswap and SushiSwap tokens.
Like other governance tokens, the UNI tokens simply representing the right to participate in governance (their holders have the right to vote). Most of the crypto tokens are non-productive assets, even some of the governance tokens like UNI (Uniswap), COMP (Compound), etc. are non-productive, which means they only give…
As we all can see after the huge crypto market correction in May, most of the Dex’s and DApp’s have undergone a strong decline of APR/APY. The saddest part is that price of fees remains the same, and that means that if your capital is not so large, farming some of the assets is no longer profitable.
Especially it concerns those who were yield farming with stablecoins, because it’s safer than using high volatile coins, and yield was pretty high anyway.
Here is the APY/APR of some Dex’s and DApp’s (only stablecoins pools):