The Coin Detective
Coins:
1996
Market cap:
$ 4254.82B
Volume 24h:
$ 230.77B
BTC dominance:
54.7%

General

Price
Volume 24h
Market cap
Vol / Mcap
Supply

Technicals

SMA 50
SMA 200
RSI
ROC
MACD
 
Date Signal Status Proof
04-11-21 Price higher than SMA200. (false) sell
04-11-21 SMA20 higher than SMA50. (true) buy
10-10-21 SMA50 higher than SMA200. (false) sell
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 -
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