Mirror Protocol offers synthetic asset trading mirroring real-world assets on Terra blockchain. More
| Fully Diluted Valuation | $4.63M |
|---|---|
| 24H Trading Volume | $9,507 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 156.06M |
| Total Supply | 370.58M |
| Max Supply | 370.58M |
| Categories | Decentralized Finance (DeFi) 9 more |
|---|---|
| Founder | Daniel Shin 1 more |
| Website | mirror.finance |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Binplorer 6 more |
| Contracts |
0x09a....2e608
3 more
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| Name | Pair | OG Score |
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Mirror Protocol: Democratizing Access to Traditional Assets
Mirror Protocol, launched in December 2020 by Terraform Labs, was founded by Daniel Shin and Do Kwon. It is a decentralized finance (DeFi) platform that aims to democratize access to traditional financial markets. Built on the Terra blockchain, Mirror Protocol enables users to trade synthetic assets, known as mAssets, that mirror the value of real-world assets like stocks, commodities, and exchange-traded funds (ETFs).
Founders of Mirror Protocol: Daniel Shin and Do Kwon
One of the key features of Mirror Protocol is its ability to mint mAssets, which are pegged to the value of their real-world counterparts. This allows users to gain exposure to traditional assets without actually owning them, opening up investment opportunities to a wider audience.
Decentralized Finance (DeFi) Platform with a Mission
Another important aspect of Mirror Protocol is its decentralized governance model. The protocol is governed by MIR token holders, who can stake their tokens to vote on proposals and changes to the protocol. This democratic governance structure ensures that the protocol remains decentralized and community-driven.
Synthetic Assets (mAssets) Tracking Real-World Values
Mirror Protocol also provides liquidity pools, where users can provide liquidity by depositing pairs of assets. In return, liquidity providers earn fees from trades conducted on the platform, incentivizing participation and providing liquidity for the trading of mAssets.
Decentralized Governance by MIR Token Holders
The protocol's use of the Terra blockchain provides several advantages, including fast transaction speeds and low fees. This makes Mirror Protocol an attractive option for traders looking to access traditional assets in a decentralized and cost-effective manner.
Incentivized Liquidity Provision through Pools
In conclusion, Mirror Protocol, founded by Daniel Shin and Do Kwon, is a pioneering DeFi platform that is revolutionizing access to traditional financial markets. By enabling the creation and trading of synthetic assets, Mirror Protocol is empowering users to diversify their portfolios and participate in global markets in a decentralized and accessible way.
Mirror Protocol stands out for democratizing access to traditional assets through synthetic asset trading on the Terra blockchain.
Mirror Protocol was founded by Daniel Shin and Do Kwon.
Mirror Protocol has received backing from Terraform Labs, the company behind the Terra blockchain, and other notable investors.
You can buy Mirror Protocol (MIR) on Kraken, FMFW.io, Uniswap V2 (Ethereum)PancakeSwap (v2)Sushiswap cryptocurrency exchanges.
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