I’ve just successfully entered MIrror ecosystem. Setting up TerraStation wallet, sending funds from Binance, swapping, buying mAssets and adding them to liquidity pools went super smooth. Great experience so far, just by having some previous knowledge from BSC/PancakeSwap.
The only issue I have is about visibility of rewards from Liquidity Pools and some impermanent loss calculations. I have read the docs twice and as far as I understand:
- I should be earning rewards from LP, both mAssets and UST depending on trade’s direction.
- staking liquidity tokens to earn MIR is an additional incentive for liquidity providers to enter the ecosystem, different from Pool rewards
So far I see pretty hefty yields from staking, but I can’t “see” returns from Pools. I don’t see LP Balance changes nor I don’t see mAssets/UST balance changes - just some swings probably due to price difference.
I miss full details that I could get from tool such as Yieldwatch on BSC, where I could get exact information on number of fees earned by pool and impermanent loss calculations. Is there such tool available/in the works? Should I be seeing increase in the number of my LP tokens, or how can I inspect yields of my pools? Or are the rewards distributes solely by staking LP tokens?