1/ Band Protocol will permanently cease price feed support for Terra Classic, including Mirror Protocol, at 5AM UTC on August 26th, 2022. Without price feed support, the protocol will no longer function.
1/ Official Announcement: On August 26th 2022, 5 AM UTC, Band Protocol will cease price feeds support on Terra Luna Classic, meaning that Mirror Protocol’s feeds will also be stopped (
@mirror_protocol
).
👇Read thread for full details
We’re delighted to share that Mirror Protocol will support an mAsset for $COIN upon the completion of the
@Coinbase
IPO 🔥
This will be secured by
@BandProtocol
, our primary oracle provider who is now securing over $1.96B+ on
@mirror_protocol
.
1/ The Mirror Web App 👇
Like the protocol itself has always been, the front-end of the Mirror Web App is now fully decentralized. It has been open-sourced and is now hosted on
@IPFS
.
is now redirected to the IPFS-deployed version of the UI.
Everyone likes to meme. They’re funny and powerful. So in the spirit of memes on Crypto Twitter, we’d like to announce a meme contest for the Mirror Community, courtesy of our community member
@nicky_fung
.
1/ Thrilled to announce that
@chainlink
has officially gone live with their integration of premium market data on the Terra testnet!
#LUNAtics
, please welcome DeFi’s most widely relied on, decentralized price oracle solution to the Terra ecosystem :)
1/ The Mirror V2 Testnet is live!
Mirror V2 builds on the best of V1, incorporating invaluable community feedback to deliver a number of innovative key features.
$800+ million in TVL and $400+ million in liquidity on Mirror since December.
Mirror just absorbed $200+ million in TVL within 9 days.
$1 billion incoming.
@terra_money
UST market cap going parabolic too.
Wonder why 😉
We're looking to join forces with devs familiar with
@CosmWasm
to bring
@chainlink
oracles to
@mirror_protocol
👀
Grants will be provided by Terraform Labs & the Mirror community.
Reach out to ecosystem
@terra
.money if you're interested🔥
1/ We’re pleased to announce that
@EasyfiNetwork
, the layer 2, chain-agnostic DeFi lending protocol, has integrated Mirror’s mAssets for its new
@BinanceChain
platform!
This is the first implementation of synthetic assets as collateral on a layer 2 money market in DeFi.
In light of current market volatility, we are restricting transactions for certain securities to position closing only, including $AMC and $GME. Read more here.
This has been made possible due to
@BandProtocol
, our oracle provider for decentralized and secure price feeds, which are now securing $1.4B on
@mirror_protocol
.
Mirrored SPY Index (S&P 500) is now live! 🔥
@mirror_protocol
users now have access to a top index fund...minus the fees of an ETF or mutual fund 😉
Oh, & collateral ratio is 130%.
🍀 Mint mSPY:
or
🥩 Stake in the mSPY-UST LP:
1/
@Binance
Smart Chain, sovereign smart contract blockchain with EVM compatible programmability, integrates with
@mirror_protocol
to bring synthetic assets to the
#BSC
Community!
Any user on
@terra_money
,
@ethereum
, and now
@Binance
smart chain has direct access to mAssets. 🔥
Gas fees too high on Ethereum? Simply trade mAssets on TerraSwap or
@PancakeSwap
instead. Once gas prices go back down, you can always port your mAssets back to Ethereum and trade them on Uniswap.
Optionality is powerful.
Mirrored SPY Index (S&P 500) is now live! 🔥
@mirror_protocol
users now have access to a top index fund...minus the fees of an ETF or mutual fund 😉
Oh, & collateral ratio is 130%.
🍀 Mint mSPY:
or
🥩 Stake in the mSPY-UST LP:
1/ The Mirror V2 governance proposal is set to pass in ~30 mins. The Mirror V2 Web App migration process will commence on mainnet on Friday at 12 PM KST (Thursday 8 PM PST) as the Mirror team completes some updates based on testnet feedback in the meantime.
1/ Coinbase ($mCOIN) is now available as a synthetic asset on Mirror Protocol -- trade it 24/7! Secured by
@BandProtocol
Mint and trade $mCOIN on Terra:
Trade $mCOIN on ETH (Uniswap):
$mCOIN coming soon to
@PancakeSwap
👀
1/ UPDATE -- Mirror contract migration details for Columbus-5.
Below, we detail the steps for the execution of the Mirror contracts migration to Columbus-5 relevant to both DEVELOPERS and USERS.
Please follow the instructions and details attentively.
1/ The Terra Columbus-5 Mainnet is now live and the Mirror contracts have been successfully migrated!
The 3-hour window for users with open debt positions on Mirror has now commenced and will conclude at 17:30:00 UTC.
🗣️ Mirror V2 Migration Announcement
1/ Mirror Protocol will begin migration to V2 on June 25, 12PM KST! 🚀
During the migration, users will not be able to use the Mirror web app for ~30 minutes to ensure the safe migration of all contracts.
Users will see the following pop-up:
The ARK Innovation ETF (mARKK) has passed the threshold to be whitelisted on Mirror with the voting period concluding in just over a day and 2.3 million+ MIR reporting "Yes"
Welcome to Mirror,
@ARKInvest
1/ As a fully decentralized protocol governed by the holders of the $MIR token, it’s crucial that all MIR stakers participate in important governance matters, such as parameter changes and contract migrations for the future of the protocol.
To participate, simply tweet your submissions directly to this thread using
#WenMIRMoon
#LUNAtics
, $MIR, and tag
@mirror_protocol
and
@terra_money
.
Only one submission for each Twitter account is allowed. However, participants can include multiple memes in a single submission.
1/3 We now support a new set of
#DeFi
, infrastructure, and data management tokens!
Alchemix $ALCX, Ankr Network $ANKR, Fantom $FTM, Mirror Protocol $MIR, API3
#API3
, and DerivaDAO $DDX are now supported for deposits and custody on Gemini⬇️
1/ Wormhole for Terra has arrived!
With V2 now live and the Guardian set supporting Terra on mainnet, inter-chain DeFi between
@ethereum
,
@solana
,
@BinanceChain
, and Terra can realize its full potential.
Mirror partners with cross-chain oracle
@BandProtocol
to price mAssets, leveraging $BAND’s unique and differentiated validator set to ensure decentralization. 🔥
$BAND x $MIR
InsurAce now offers the first DeFi insurance protection for Mirror -- smart contract vulnerability for mAsset protection. Buy cover at 5.99% premiums and an initial $8 million capacity. We're gonna destroy that capacity, kind sers ;)
1/ 👏 Expanding on our recent partnership with
@Anchor_Protocol
on
@terra_money
, is very pleased to announce a new partnership with
@mirror_protocol
, offering the first DeFi insurance available for Mirror users.
Imagine access to one of the most popular index funds in the world WITHOUT THE FEES of an ETF or Mutual Fund.
Proposal to register mSPY (S&P Index Fund) parameters is live on
@mirror_protocol
.
Note the change: minimum collateral ratio 150%➡️130%.
Vote:
1/ In preparation for the Columbus-5 mainnet, we’d like to reiterate several aspects of the execution plan for the Mirror contract migration below.
Please read carefully and
#LUNAtics
please help to disseminate the information.
Culture is at the heart of this newsletter. Some say Money Stuff is the last bastion of Wall Street, where interns and young employees learn by osmosis.
1/ The Mirror contracts on the Tequila-0004 testnet have been officially migrated to the Columbus-5 compatible version of Bombay-10 testnet as of Tuesday, Sept. 7th PST.
If you built an application using mirror.js, please be sure to check out the Bombay-10 compatible version.
MILESTONE UPDATE: TVL on
@mirror_protocol
crosses 500 MILLION UST! 🚀
TVL includes
- Total collateral value ( $UST / mAssets collateralizing other mAssets in minting contracts)
- Total liquidity value ( $UST / mAssets / $MIR locked in liquidity pools)
- $MIR staked in governance
If you still use
@RobinhoodApp
that’s your fault. How many times are you gonna fall for the old banana in the tailpipe? Having said that this is still outrageous
@vladtenev
#AMC
Remember, with Terra Bridge now live you don't need to use the Mirror web app interface to port MIR, mAssets, or UST between Terra, Ethereum, and BSC. You can simply use the interface below.
1/ The Mirror 3-hour window for users to deposit collateral and safeguard open borrow/short positions has CONCLUDED.
The oracle price feed is now currently live and liquidations can begin immediately.
Mirror Protocol highlights in March
- TVL doubles to reach $1.5 Billion
- mSPY (S&P500) is added
-
@SetProtocol
launches a custom FAANG index
- $MIR joins the
@PancakeSwap
Syrup Pool
- Mirror Analytics now on
@SmartStake
FIVE new assets whitelisted by the Mirror community are going through a vote to register the parameters! 🚀
Assets
🔹 ABNB (
@Airbnb
)
🔹 FB (
@Facebook
)
🔹
#BTC
🔹
#ETH
🔹 GS (
@GoldmanSachs
)
🙋 Please vote!
💁 More info:
Calling all MIR LP token holders! 📢
$MIR - $UST Vault&Farm is live, offering 4200%+ max APY (2.15%+ Daily) 🤑
$40K TVL already. Deposit your LP tokens now! 🔥
ACryptoS offers the highest APYs on
#BSC
for
#PancakeSwap
and
#VenusProtocol
yield strategies 📈
@mirror_protocol
Hey
@mcuban
, users can pool synthetic stocks (mAssets) using Mirror on
@Uniswap
and TerraSwap, earning LP tokens that represent a claim on trading fees from the liquidity pool. LP tokens can subsequently be staked to earn a yield on their assets within the liquidity pool.
We are pleased to announce that we will join
@Beefyfinance
in educating people about the rapidly developing
#DeFi
space on BSC. We will top up the initial giveaway amount by another $400 to reward 4 additional winners!
1/n First came
@mirror_protocol
🪞, a kick ass innovation that brought minting and trading of synthetics on the
@terra_money
blockchain 🌕. It allowed for easy access to price exposure; however, our degen hunger for advanced financial products in DeFi grew. A cute introductory 🧵
The clearing broker who processes our trades, Axos, has temporarily halted buys of $AMC & $NOK. This was not Cash App’s decision - we disagree with this move wholeheartedly. We hope to make these stocks available for purchase again as soon as possible.
1/ A new Mirror Forum post is proposing to delist $ANC and $MIR as collateral types in light of the pending transition of MIR-UST and ANC-UST rewards from TerraSwap to
@astroport_fi
👇