Sunday, October 16, 2022

2022-10-16 Mirror protocol report

2022-10-16 @mirror_protocol report



incept date: 2022-09-30
Invested: 22327.13 $UST
Mirror valuation: 21531.50 $UST (943.36)

Accumulated yields: 229.30 $MIR
yield/day (avg): 14.33 $MIR (3.10)


$MIR quote: 4.94 $UST
$UST quote: 0.0438 $USDC

net APY: 115.74%
net APR: 34.44%

Analysis

$MIR-price up, portfolio value: down, ... how? ... why? Oh, it's because $UST isn't $1.00, so it's not pegged to anything. Analysis still stands: interchain (not interCEX) bridging needs to work, first, before this protocol has any value.

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