Hey all. Newish to the Terra ecosystem but I’m really getting invested in Mirror Finance.
Looking through the assets already trading on Mirror, I see that the community has already opted to list big tech and several useful ETPs to give users exposure to different commodities/funds/ETNs. This is smart - we cannot list the whole world of stocks, and there is a real cost to spreading liquidity and volume across different pairs, so as we grow we can add practical stocks and ETPs that broaden the types of exposure Mirror users globally can get access to.
I’m concerned with many of the proposals here to add either hype retail pump and dump stocks like NAKD, SNDL; but also every stock that is related to or even utters the word “bitcoin”. Listing stocks that only trade on hype (GME and AMC are included to an extent; AMC more so) runs the risk of having dead-weight assets on Mirror that eventually sit dormant with low volume and liquidity. We risk also encouraging users to put their money in assets that over the long run aren’t very likely to retain their value. No investment is without risk, and it’s totally against the spirit of this community to qualify what people can invest in, but I question if we should really be entertaining the listing of meme stocks when Mirror lacks hundreds of quality stocks. Passive ETFs (XLE, XLF, XSD, emerging markets ETFs, etc) and megacaps in the Dow 30 (DIS, HD, V, etc) will make quality mAssets that attract and promote stability in the ecosystem.
So, do we have a plan? There are many proposals up for vote that don’t even have a community forum post to discuss them. How do we feel about creating something like a tentative roadmap for when and in what order new mAssets should be put up to a vote? Thank you.