Mirai Profile picture
Jan 18, 2023 11 tweets 5 min read Read on X
❓ What is Mirai ❓

Mirai is a lending platform built on Polygon #zkEVM which guarantees a faster and cheaper way of using #Ethereum without sacrificing security & decentralization.

Users can lend & borrow assets across multiple chains in a trustless, permissionless way.

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Unlike traditional lending platforms, Mirai is fully noncustodial.

Users have complete control over their assets, can manage their risk profile, and earn interest on their crypto holdings.

Moreover, MIRAI token holders gain #RealYield generated by the protocol.

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❓ What are Mirai's key features ❓

🟣 Cross-chain lending and borrowing 🟣

Users can easily find liquidity and manage their capital across different networks.

This way Mirai solves one of the main issues of #DeFi: fragmented liquidity.

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🟣 Under-collateralized loans 🟣

In traditional lending protocols, the amount of assets that can be borrowed is typically lower than the value of the collateral deposited.

With Mirai, borrowers can borrow more than the collateral deposited, thus leveraging their collateral.

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🟣 Stablecoin optimization 🟣

Mirai aims at maximizing its users' return on investment.

You can deposit any #StableCoin and Mirai's vaults automatically rebalance your positions by swapping for the stablecoin with the highest yield.

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🟣 Collateral Management 🟣

The protocol can manage collateral on the users' behalf, borrow stablecoins and invest them in predetermined strategies.

It will also periodically refinance the loan to ensure that the cheapest stablecoin in terms of interest rate is borrowed.

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🟣 Isolated lending markets 🟣

In addition to the main market, the protocol has isolated lending markets with a unique revenue-sharing model with partner protocols.

Isolated markets will be bootstrapped with the protocol native stablecoins or via other tokens.

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🟣 Long and short trading 🟣

The Mirai protocol allows users to engage in leverage trading by borrowing funds to increase their investment.

They can borrow up to 3 times their original capital and take both long and short positions on assets such as $MATIC, $WBTC, and $ETH.

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🟣 Leveraged Yield Farming 🟣

Thanks to under-collateralized loans, Mirai allows users to participate in #YieldFarming with up to 5x leverage.

This enables users to supply liquidity to decentralized exchanges or to enter into vaults and earn interest on deposited assets.

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❓ Why choose Mirai? ❓

Mirai is a capital-efficient lending market built on #Polygon #zkEVM.

All the features mentioned above and its easy-to-use UI, make Mirai the perfect solution for ##DeFi experts, #DAOs, and relatively new crypto users.

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Holding the $MIRAI token gives you the equivalent of a great dividend.

With Mirai, you get passive income in the form of #RealYield since its multiple revenue streams are distributed to the token holders.

Your journey into financial freedom starts now docs.miraiprotocol.com

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More from @Mirai_Protocol

Feb 13, 2023
Mirai is the first truly cross-chain lending protocol.

But what does that mean? What are the benefits?

Find out how Mirai is trying to improve the way people lend and borrow in #DeFi.

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🛑 One of the main issues for DeFi and traditional lending protocols is fragmented liquidity. 🛑

As the number of blockchains keeps growing, it becomes increasingly difficult for users to find liquidity across all the different networks and manage their capital efficiently.

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Mirai solves this problem by allowing users to interact with the lending protocol from different L1s, rollups, and sidechains.

The core protocol is built on #Polygon's #zkEVM, which is highly efficient at processing related transactions.

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