| News | ||
|---|---|---|
| 10-06-2022 20:58 10-06 20:58 | coincontroversy.com | Mirror Protocol is Doomed |
| 09-06-2022 13:02 09-06 13:02 | en.ethereumworldnews.com | Do Kwon and Terraform Labs Ordered To Answer SEC Subpoenas Over Unregistered Sec... |
| 09-06-2022 12:35 09-06 12:35 | theblockcrypto.com | Terraform Labs ordered to cooperate with SEC probe of Mirror Protocol |
| 31-05-2022 04:45 31-05 04:45 | coindesk.com | Terra’s Mirror Protocol Allegedly Suffers New Exploit |
| Information | ||
|---|---|---|
| Description | Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. The minting of mAssets is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. Mirror ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST. The Mirror Token (MIR) is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. With it, Mirror ensures liquid mAsset markets by rewarding MIR to users who stake LP Tokens obtained through providing liquidity. Also to incentivize users to ensure mAssets to mimic the price behavior of real-world assets, users who stake sLP Tokens obtained through shorting mAssets are rewarded with MIR.MIR is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees. | |
| Development status | Working product | |
| Hash algorithm | None | |
| Open source | false | |
| Org structure | Centralized | |
| Proof type | Not mineable | |
| Started at | 2020-12-08T00:00:00Z | |
| Type | token | |
| Links | ||
|---|---|---|
| Explorer | https://etherscan.io/token/0x09a3ecafa817268f77be1283176b946c4ff2e608 | |
| Website | https://docs.mirror.finance/protocol/mirror-token-mir | |
| Whitepaper | - | |
| General (click metric to see the graph on the left side) | |
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| Reddit (click metric to see the graph on the left side) | |
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| Search results (click metric to see the graph on the left side) | |
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| Technical Indicators (moving averages) (click metric to see the graph on the left side) | |
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| Technical Indicators (oscillators) (click metric to see the graph on the left side) | |
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| Twitter (click metric to see the graph on the left side) | |
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The Coin Detective