Mirror Protocol, GameStop, and Earning Massive Yields on Synthetic Stocks
Episode description
*Disclaimer: Terra Bites is not advice. Read more disclaimer below.*
The WallStreetBets and GameStop saga has been an incredible ride, and it has a lot of people asking: is there a better way to get exposure to stocks?
A place where Robinhood can't just shut off my ability to buy?
A platform where I can buy and sell 24/7?
Mirror Protocol is a user-controlled DeFi platform that's been adding stocks rapidly and is built on Terra's Cosmos/Tendermint blockchain. Users can earn yields by providing liquidity in mAsset/UST pairs, or by staking the MIR governance token.
The Mirror Protocol walkthrough we mention is available at https://youtu.be/G5kg9qtNwcw
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*Disclaimer: Terra Bites is for informational and educational purposes only. Nothing on this show is advice - no financial, tax, legal, or any other kind of advice. Nothing we say is an inducement to make a particular investment or follow a particular strategy. Anything you invest in is at your own risk; do your own research and consult with professionals.*