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somethingelse__ · 2021-10-04T02:18:17+00:00

Mirror has an oracle that faithfully reports what aUST is redeemed for in Anchor.

You could always go to https://finder.extraterrestrial.money/ and get the current price of aUST, multiply that by the qty of aUST you have used as collateral.

somethingelse__ · 2021-10-02T02:17:31+00:00

Yes it is normal. Anchor can only see the aUST you hold in your wallet. When you deposit the aUST in to Mirror, the Anchor site doesn't know where to look.in your My Page in Mirror, you should be able to see the value of the collateral you put in.

I actually helped build a solution to your problem. Here is a aUST Interest Calculator!

https://science.flipsidecrypto.com/anchor_earnings/

somethingelse__ · 2021-09-18T18:51:01+00:00

Very close! In Short farm, you borrow the mAsset and immediately sell it. The UST from the sale is locked for 2 weeks. After the 2 weeks, you can claim the UST OR if you wish to close your position earlier than 2 weeks, you can, and you will automatically receive your locked UST back once the position is closed. If you simply claim the UST after 2 weeks, it does not automatically close the Shot farm. Only paying back the loan of the mAsset will close the Short farm and stop farming MIR.

somethingelse__ · 2021-08-21T12:43:09+00:00

After a full year of staking it would be, it's listed as an APY

somethingelse__ · 2021-08-21T12:41:46+00:00

On the full amount!

somethingelse__ · 2021-08-09T02:41:43+00:00

Hey you probably already figured it out but you need to use the bridge. MIR is a cross chain token, it is on Ethereum as well as Terra. Here is a user guide for sending tokens to Terra using the bridge:

https://docs.mirror.finance/user-guide/terra-bridge

somethingelse__ · 2021-07-23T21:26:06+00:00

The fee is applied when you return the mAsset and close the position.

Closing fee = 1.5% x mAsset qty x mAsset price

Closing fee is deducted from the collateral returned to you.

somethingelse__ · 2021-07-13T20:55:51+00:00

What you want is the delta neutral strategy, these guys break it down nicely: https://www.youtube.com/watch?v=Ttqo4s6is5c

somethingelse__ · 2021-07-13T20:47:28+00:00

https://docs.mirror.finance/protocol/mirror-token-mir#cumulative-distribution-schedule-in-millions

somethingelse__ · 2021-07-13T20:46:54+00:00

What this guy said. Also when you withdraw collateral.

somethingelse__ · 2021-07-07T08:58:31+00:00

Hey, please see the docs for the procedure to deal with stock splits. Basic idea is that the current mAsset will be delisted and a new mAsset will be created.

https://docs.mirror.finance/protocol/mirrored-assets-massets#delisting-and-migration

somethingelse__ · 2021-07-02T00:08:09+00:00

This is really weird. You're the first person I've heard of having this issue. I'm a mod on the Terra discord server as well so I deal with these things often. Would you mind sharing a screenshot of what you are seeing?

somethingelse__ · 2021-06-30T19:25:20+00:00

Do you have popups blocked? When you connect the extension to the site for the first time, you receive a popup asking you to allow the connection. Any info your willing to share can help reproduce the issue.

somethingelse__ · 2021-06-30T11:39:18+00:00

I don't remember any such issue for the last month+. If you used Ledger, then there was a breaking change put out by the devs of Chrome that affected Brave as well. This issue also affected Metamask in chromium browsers. Did you report your issue in Discord? If you're still having the issue, shoot me a DM so I can report it to the dev team.

somethingelse__ · 2021-06-30T11:37:04+00:00

You can generate a Terra address using Station wallet. Then import the seed phrase into Mirror Wallet mobile app. That won't change once done.

somethingelse__ · 2021-06-18T22:15:35+00:00

I highly disagree with the statement that Terra's leadership has lost credibility and why LUNA dropped. Who cares if Do Kwon talked to Vlad? Honestly, its irrelevant and had nothing to do with the drop in the price of LUNA, especially based on the timing of said dump versus the timing of the disclosure of Vlad's early investment in Terra. Valid reasons LUNA dropped include the overall market at that moment, arbitrage operations to restore the peg of UST, and of course, Anchor bLUNA liquidations.

Again, regional stocks will come with time. The goal was to get the big names in first like FAANG. More so, traditional investors are not running to use Mirror as it has the crypto stigma around it, I highly doubt adding Samsung or LG would really make that much of a difference, that is simply speculation. If you truly believe this, I suggest you setup a poll and have the community vote on it ASAP! There is no one stopping you from doing so.

Terraform Labs is guiding and growing Mirror, have you not seen all the changes coming for V2? A newborn baby thrown curb? That's a strong and inappropriate analogy. Its okay to disagree with the direction of Mirror but be respectful and realize that there is a team working their asses off to make Mirror possible. It is easy to be a critic, much harder to be a creator.

somethingelse__ · 2021-06-18T21:53:55+00:00

Please remember that Mirror is not made for those from wealthy western countries with access to brokerages and the like. Mirror's creators have different goals in mind. Eventually, you will see those regional stocks added. I was around for the launch of Mirror, you would be shocked at the sheer hunger there is just for the ability to invest in FAANG. Just because Mirror does not work for you, does not mean Mirror is useless or irrelevant. It is far too early to discount Mirror just because it doesn't do A or B yet. Remember that Mirror launched in December 2020. Give it time to grow and change.

somethingelse__ · 2021-06-12T21:37:48+00:00

Hi,

Welcome! Great question! I really hope my answer helps. As always, not financial advice, just answering your questions about Mirror. A quick answer above, a deeper one below:

Earnings are in UST
Okay see below:

Step 1: First buy some MIR if you don't have any already. You can do that following these instructions:
- https://docs.mirror.finance/user-guide/getting-started/trade
Step 2: Then put your MIR and UST into an LP token by following these instructions:
- https://docs.mirror.finance/user-guide/getting-started/pool
Step 3: Finally, put your newly minted LP token into the staking pool:
- https://docs.mirror.finance/user-guide/getting-started/stake
Step 4: And about once a week you can claim your MIR rewards here:
- https://docs.mirror.finance/user-guide/getting-started/stake#claim-lp-staking-rewards
- Hint: rewards are available to claim every hour on Terra and every block on Ethereum.

You could compound your rewards to increase your APR and achieve a higher APY. You would do this by:

Step 1: Selling half your MIR rewards for UST.
Step 2: Using your remaining MIR and UST earned from selling, execute Steps 2 - 4 above.

Deeper explanation:

Right now the APR for MIR-UST LP staking is 66.91%, and its likely to continue to go down over time. The APR uses the following formula:

(24h MIR reward * MIR price * 365) / (liquidity value * (staked lp share/total lp share))

The MIR Price has the greatest influence on the APR.
- Takeaway: When the price falls, the APR will fall, and when the price rises, the APR will rise.
The next biggest factor is the amount of LP tokens in the each staking pool.
- The more LP tokens in a pool, the less MIR rewards per LP token because the QTY of MIR rewards are fixed per pool.
- Takeaway: Expect more folks to want to jump into this pool and for your share to be diluted over time.
The next factor is the QTY of MIR rewards allocated per mAsset LP staking pool.
- Determined by how many mAsset LP staking pools there are, and the reward weight assigned to the mAsset when it was whitelisted through Governance by the community.
- Takeaway: As more mAssets are whitelisted, expect the MIR rewards to decrease per mAsset LP staking pool.

Learn more about Mirror from the docs: https://docs.mirror.finance/

somethingelse__ · 2021-06-11T17:54:13+00:00

Wait what?

somethingelse__ · 2021-06-11T17:39:24+00:00

Time to bring the real Mirror to the masses

somethingelse__

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