Description
Mirror Protocol is a DeFi platform on the Terra blockchain that allows for the creation of synthetic assets, known as Mirrored Assets (mAssets), which track the price of real-world assets like stocks and commodities. This enables global investors to gain exposure to these assets without physically owning them, thus democratizing access to foreign investments. Mirror Protocol uses MIR as its native governance token, enabling holders to vote on protocol developments and additions of new mAssets. It offers liquidity provision mechanisms, rewarding users who contribute to liquidity pools, ensuring market depth for trades. Notably, Mirror Protocol is decentralized and community-driven with no admin keys or special privileges for Terraform Labs. It operates on 118 markets with a total supply of 370,575,000 MIR tokens, currently featuring 77,742,679.93 in circulation and a recent 24-hour trade volume of $50,014.79. Users benefit from a trustless trading environment facilitated by smart contracts and blockchain technology.
Mirror Protocol is a DeFi platform on the Terra blockchain that allows for the creation of synthetic assets, known as Mirrored Assets (mAssets), which track the price of real-world assets like stocks and commodities. This enables global investors to gain exposure to these assets without physically owning them, thus democratizing access to foreign investments. Mirror Protocol uses MIR as its native governance token, enabling holders to vote on protocol developments and additions of new mAssets. It offers liquidity provision mechanisms, rewarding users who contribute to liquidity pools, ensuring market depth for trades. Notably, Mirror Protocol is decentralized and community-driven with no admin keys or special privileges for Terraform Labs. It operates on 118 markets with a total supply of 370,575,000 MIR tokens, currently featuring 77,742,679.93 in circulation and a recent 24-hour trade volume of $50,014.79. Users benefit from a trustless trading environment facilitated by smart contracts and blockchain technology.
