Mirror Protocol (MIR)

Mirror Protocol (MIR)

What is Mirror?

Mirror Protocol is a DeFi protocol built on the Terra blockchain (coded in Cosmwasm, a smart contract language) to create synthetic assets called Mirrored Assets, or mAssets. mAssets mimic the price behavior of traditional and digital financial assets to trade with no intermediaries to gain price exposure without purchasing the underlying assets. mAssets are designed to be composable and portable across the Terra, Ethereum, and Binance Smart Chain networks. Users can mint mAssets in exchange for Terra stablecoins and mAssets deposited into Collateralized Debt Positions, or CDPs. The protocol maintains CDPs to stabilize mAsset value under community management.

Learn more here:https://docs.mirror.finance/