Mirror looks pretty powerful and it’s great to see that a few major stocks and trackers from the genesis phase are traded with good liquidity (much higher than, say, Synthetix). mETH can also help in terms of liquidity.
Perhaps it’s been asked already or it just sounds obvious to community-driven DeFi’ers. Why is the “listing” not fully automated? Manual listing via polls is not scalable, even if most voters reacted automatically. In general any asset for which reliable pricing may be fetched via Band/Chanlink should be automatically listable, all things being equal.
I have seen such a bottleneck with UMA too, where they have this whole “reference price id” thing which represents a bottleneck in pretty much the same way: so basically on UMA you may create contracts only for a few underlyings, mostly crypto and DeFi self-referential stuff.
Via IEX/Finage feeds (available on Band) you may already access reliable oracling for many many exchanges and their listed producs. Do you envision having the community go through each symbol one by one, and vote separately? In the genesis FAANG and a few others have been approved; in terms of stocks (volume, liquidity, cap. etc) they are equivalent to any S&P 500 constituent.
Isn’t this a potential limitation, seen that the stated mission is total synthetic access?
PS.: constructive answers only I know “the protocol works like this”, but I am interested in the rationale and perspectives in general. Feel free to point me to related questions I might have missed.