Daily Mirror Protocol report, 2022-10-12

Daily @mirror_protocol report, 2022-10-12

incept date: 2022-09-30

Invested: 22327.1 $UST

Mirror valuation: 21531.5 $UST ($1,016.80)

Accumulated yields: 157.77 $MIR

yield/day (average): 13.15 $MIR ($2.82)

$MIR: 4.54 $UST

$UST: $0.047224

net APY: 97.58%

net APR: -10.81%

Analysis

You see that valuation? ~$1k? That's from $LUNC I swapped to fund @mirror_protocol; $LUNC I bought for $100 right after the crash.

A 10x bagger.

I should be happy, and I am, ... but I'm not.

$MIR's price and $UST's seem inverted: so $MIR going back up means nothing.

Converting the values to their 'real-World'-counterparts does provide clarity:

$2.8 yield/day on $1k invested is ~90% APY

I should be happy, and I am, ... but I'm not.

The advertised APYs are all above 100%, 

... so my portfolio should be doing better, 4x better, but it's not.

Reading this, you may be thinking I'm just a mean ol' grumpy-pants, and I am, ...

But: 

• it's 90% real yields, on a $1000 'free' dollars given to me on a smart call, post-crash. That's VERRA nice! 
• It's @mirror_protocol doing what it does, so well.

For what I have, I am grateful.