MIRA is LIVE on Fuel Mainnet. Swap tokens and add liquidity to the pools on Fuel! MIRA is one of the most efficient ways to earn Fuel Activity and Gas points for Phase 2 of the Fuel Points Program. Audited by Halborn Security and OtterSec.
We are an open-sourced and decentralized platform that matches three types of customers: traders, LPs, and protocols. MIRA is a basic Automated Market Maker (AMM) that 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.
This article provides more information on Fuel, the Fuel Points Program, and MIRA’s protocol mechanics and roadmap. Enjoy!
Building on Fuel
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!
Participate in the Fuel Points Program Phase 2 with MIRA
Fuel Network has announced the Points Program Phase 2. MIRA is one of the key Fuel dapps where you can earn points. MIRA is audited by top-tier crypto security firms. Here’s all you need to know:
Activity Points are the most effective way to earn Fuel points. Get points for every $ value deployed into a qualifying dapp. Interacting with Fuel apps is the best way to earn points in Phase 2. Activity Points earn a higher points multiplier than Passive and Gas Points. To earn Activity Points on MIRA:
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Provide liquidity
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Swap tokens
Currently, $USDC, $USDT, and $ETH earn 2x points multipliers.
Gas Points. For every $ value you spend on gas fees, you’ll earn 5 points. 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 to benefit from the multiplier more.
Note that the amount of points earned for certain actions as well as multipliers are subject to change! Check the updates and announcements on the official Fuel X account. Please address questions about the Fuel Points Program on their official Discord.
Protocol Design
Currently, we allow for token swaps on the Fuel, 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.
Our Roadmap
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.
What’s Next
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.