Mirror Community Update — March
Dear Mirror Community,
Mirror has been steadily growing in adoption, with TVL nearly doubling over the past few weeks ($800M → $1.5B) and liquidity doubling as well ($360M → $740M). New assets are continually voted on, with whitelisted assets added — mSPY (S&P 500) index being the latest addition to mirrored assets. Mirror is continually becoming more user-friendly and efficient — with the period required to whitelist an asset significantly shortened and the collateral ratio lowered to 130% (for certain assets).
Set Protocol has launched a custom FAANG index set comprised of mAssets, which speaks to the composability of mAssets. They can be easily ported to other blockchains through the newly-released Terra Bridge and serve as building blocks for innovative DeFi products. This is just the beginning for Mirror, so stay tuned for more.
- Mirror reaches a major milestone, surpassing $1B in TVL within 3 months of launch, and is currently at $1.5B.
- Mirror Protocol adds a new asset: Mirrored SPY Index (S&P 500). You can mint mSPY or stake in the mSPY-UST LP.
- Set Protocol, an Ethereum-based platform for tokenized index tooling, launches a custom FAANG index set for 5 major tech Mirror’s mAssets — Facebook, Amazon, Apple, Netflix & Google.
- Mirror Wallet now supports onramps in BTC, ETH, USDC, & USTD.
Ecosystem & Community Updates
- Mirror Analytics now on Smartstake — including details around the weekly MIR airdrop.
- Token Terminal launches the Mirror dashboard, enabling users to track Mirror with traditional metrics.
- We’re looking to join forces with devs familiar with CosmWasm to bring Chainlink oracles to Mirror Protocol. Developer grants will be provided. Reach out to email@example.com if interested.
- Terra Bridge goes live, providing a single interface to transfer assets between Terra, Ethereum, & BSC. Interchain transfers have never been so easy. Code can be found here.
- ApeBoard supports Mirror, enabling users to manage their staked $MIR and mAssets (alongside $LUNA and $ANC) across Terra, Ethereum, and BSC in one place.
- MIR joins the PancakeSwap Syrup Pool, in which users can stake $CAKE to earn $MIR.
- A Yield Farmer’s Guide to using Mirror Protocol.
- The Block Runner Feature: Why Mirror Protocol On Luna is The Next 10x.
- Mirror: Decentralized Investing For The Masses.
- Bankless Newsletter: How to trade synthetic stocks.
- Spencer Noon on Mirror.
- Thread on what Mirror is doing differently.