The goal of the terra ecosystem is to build the best financial products, which is increasing the usage of UST.
So far mirror offers only APR since it’s start.
Despite v1 LP’s showing “x1000s% APY if compounded daily” we did not offer this to our customers.
I hoped that v2 would have brought that change. I think pancakeswap.finance CAKE auto pool offers a great way to compound interest. We can learn a lot from the binance ecosystem, regarding this manner. beefy.finance offers autocompounding services for pancake farms and the APY is amazing there.
I propose to think about mechanism to let users decide to compound their earned MIR reward for LP to the underlying LP token(sell mir for LP automatically).
I think the sell pressure generated on MIR would be balanced by the increased attention. Most yield farmers use financial products offering APY instead of APR. Attracting those should be possible.