Some random thoughts on $ANC & $MIR as a farm dump token and tokenomics utility
https://twitter.com/The_Babylonians/status/1417084424978505739
Anchor collaterals have increased 10x from $300m > $3b, but $ANC value capture poorly as price trends sideways & pumps slightly coz of airdrops
Mirror TVL has dropped from $2b to 1.6b now and the team has been stagnant & quiet in progress updates after Mirror v2 & $MIR is flat
Mirror TVL has dropped from $2b to 1.6b now and the team has been stagnant & quiet in progress updates after Mirror v2 & $MIR is flat
Mirror needs options and leverage to spice up trading activity, crypto profile are degens $MIR fee extraction from trading volume rather than CDP withdrawals Introducing fees discount for degen traders based on $MIR tokens staked, & it needs a roadmap on what's on the plate next
Anchor fares better. Deposits are high, 20% is attractive, More collaterals coming up is good, more leverage yields strategies from collaterals is good. But sustainability is an issue LT (when ANC incentives run out) will mercenaries still borrow and provide yields for lenders?
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