Sumero App (@sumeroapp) 's Twitter Profile
Sumero App

@sumeroapp

Create and trade financial derivatives without a brokerage or clearing house.

ID: 1372944186866012160

linkhttp://sumero.finance calendar_today19-03-2021 16:13:24

11 Tweet

573 Followers

1 Following

Ciarán Murray (@c1aranmurray) 's Twitter Profile Photo

TerraUSD breaking its peg would have huge consequences for Mirror protocol where it is used as collateral to mint synthetic assets. Sumero App will use $USDC (highly unlikely to break its peg) and $ETH (which can be hedged) as collateral for minting synths.

Sumero App (@sumeroapp) 's Twitter Profile Photo

There's $150k staked in the protocol so far. That's a lot of opportunity to earn Clay by minting and pooling synths. Remember Clay will grant holders a stake in the upcoming project by the same team that built Sumero.