MIRA is an open-sourced and decentralized platform that matches three types of customers: traders, LPs, and protocols. MIRA will launch as a basic automated market maker (AMM) and will subsequently transition to ve(3,3). Its key difference from traditional DEXs will include bribes/incentive permissionless mechanisms for protocols to boost their liquidity.
Currently, we offer token swaps and liquidity pools on the Fuel Testnet! On mainnet, MIRA will participate in the Fuel Points Program Phase 2. In this article, we provide more information on our protocol mechanics and share MIRA’s roadmap.
To revolutionize global finance, we need blockchains that can scale efficiently while maintaining strong performance and security. Low latency and high throughput are a must!
Fuel fits this profile perfectly. It tackles the key challenges that Web3 developers face today, including performance, scalability, interoperability, and state management. Fuel also enhances Ethereum’s capabilities by using UTXO-based parallel execution, which boosts efficiency and transaction speed, similar to what Solana offers, but with Ethereum’s liquidity. And now with $270 million TVL!
Recently, Fuel Network has announced the rules for the Points Program Phase 2. MIRA is one of the key Fuel dapps where you can earn points. Here’s all you need to know:
Activity Points. Interacting with Fuel apps will be the best way to earn points in Phase 2. To earn Activity Points, provide liquidity and swap tokens on MIRA. The more you participate, the more points you get.
Gas Points. You'll earn points for every $ value you spend on gas fees. You can check your gas fees for every transaction you are about to complete on MIRA
A bonus: 1.25x Loyalty Multiplier. Phase 1 Participants get a multiplier on both Activity and Gas Points for the first 45 days after the mainnet launch. Bridge funds ASAP when Fuel Mainnet launches to benefit from the multiplier more.
You can still join Phase 1 and qualify for the 1.25X multiplier! Use the official link https://app.fuel.network/earn-points/
Currently, we allow for token swaps on the Fuel Testnet, including BTC, ETH, and USDC. To connect to the platform, you can use any native Fuel wallet (like Fuelet), or Ethereum and Solana wallets.
You can also become our liquidity provider. The next version of MIRA will operate as the ve(3,3) protocol, a model for decentralized exchanges (DEXs) that operates as the best of Uniswap, Convex, and Curve.
The ve(3,3) idea is to direct incentives to the pools that are most valuable to the ecosystem. It encourages cooperative behavior by aligning incentives across liquidity providers, token holders, and governance participants. This system as a whole helps ensure that rewards flow to the most important and active parts of the MIRA and Fuel ecosystem.
On the Fuel mainnet 2024, MIRA will be launched as a basic AMM with swaps and liquidity pools. Shortly after the launch, we will introduce the MIRA Points Program to encourage users to engage with our platform and reward liquidity providers. A governance system and vote-escrow tokens will be gradually presented afterward.
We’ll share more details about the MIRA Point’s program, tokenomics, rewards, and more soon! Stay tuned on our X not to miss the updates. If you would like to contribute to the discussion on the further MIRA development please join our Discord.