Mirai App
  • Abstract
  • Introduction
  • Design Philosophy
  • Infrastructure to Consumer
    • Neutrality and Adaptability
  • Mobile as a Growth Engine
    • The Value of Crypto-Enhanced Payments
    • Network Effects and Distribution
  • Core Functional Components
    • Mirai Pay
    • Mirai ID
    • Multi-Chain Yield Aggregator (“Earn”)
    • Multi-Chain DEX Aggregator (“Swap”)
    • Native Yield Bridge (Mirror)
  • Rewards, Incentives, and Value Creation
    • Rewards Hub
    • Ecosystem-Wide Incentives
  • Commerce Integration and Offramping
  • Privacy, Security, and Compliance
  • Conclusion
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  1. Core Functional Components

Native Yield Bridge (Mirror)

Traditional bridging moves assets from one chain to another but foregoes yield during the transfer. Mirror innovates by allowing users to maintain or even enhance yield throughout cross-chain movements:

  • Yield-Generating Bridges: Source chain assets are locked and deployed into yield strategies. On the target chain, users receive a “receipt token” (e.g., mUSDT) representing their bridged deposit.

  • Collateralization and Borrowing: The receipt token can be used as collateral in lending protocols, enabling users to access liquidity on the new chain without forfeiting the yield on bridged assets.

  • Risk Mitigation and Capital Efficiency: Users retain yield-generating positions during cross-chain operations, enhancing capital efficiency and protecting against opportunity costs.

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Last updated 5 months ago