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 on the Fuel Testnet, and liquidity pools will be launched soon! In this article we will provide more information on our protocol mechanics and share MIRA’s roadmap.

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!

Protocol Design

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 get test tokens faucet.

We are launching liquidity pools very soon to provide rewards for our LPs. 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 afterwards.

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.