As an LP, I certainly do not want to pair uncorrelated massets with MIR because of the IL risk. I’d massively reduce my LP until there’s a good way to borrow MIR, because I can’t tolerate that much long exposure to MIR. Being forced to borrow MIR will greatly reduce the capital efficiency because it require overcollateralizing.
I also just don’t see a demand for MIR pairs because the vast majority of people trading massets are going to think about pricing them in terms of USD/UST. Having to buy MIR in order to get mAAPL is just an additional step that’s going to complicate onboarding new users. The goal of Mirror isn’t to appreciate the short-term price of the MIR token.
I could possibly see MIR vs Luna or ANC, but I think those should just come about from Terraswap being improved to involve order routing through multiple pools like other DEX (MIR-UST-Luna) or Terra itself incentivizing those pairs with Luna rewards.