Mirror Finance, A Synthetic Assets Protocol
New tokens for a listed mAsset can be minted by creating a collateralized debt position (CDP) with either TerraUSD (UST), mAsset or whitelisted collateral tokens as collateral. Also, mAssets can be directly shorted upon opening a CDP to mint sLP tokens. The CDP is essentially a short position against the price movement of the reflected asset, -- i.e. if the stock price of AAPL rises, minters of mAAPL would be pressured to deposit more collateral to maintain the same collateral ratio.
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