Mirror Protocol MIR
1. Summary
- Price
-
$0.02 -4.0%
- Market Cap
- $3.68M (#2591)
- Supply
- 156.06M / 370.58M
- Description
-
Mirror Protocol is a decentralized synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain. It allows the creation of fungible tokens that track the price of real-world assets such as stocks and equities, providing global accessibility and fractional ownership without the need for direct asset ownership. The protocol is gove...
Mirror Protocol is a decentralized synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain. It allows the creation of fungible tokens that track the price of real-world assets such as stocks and equities, providing global accessibility and fractional ownership without the need for direct asset ownership. The protocol is governed by the holders of its native Mirror token (MIR).
Governance and Token Utilization
- MIR Token: The Mirror token is the governance token of Mirror Protocol. It must be staked to vote on active polls and is required as a deposit for making new governance polls. Users that stake MIR tokens also earn MIR rewards generated from withdrawing collateral from CDP positions within the protocol.
Mirrored Assets
- mAssets: Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They offer global accessibility, fractional orders, and nearly-instantaneous order execution.
Incentives and Liquidity
- LP Tokens: MIR is used to incentivize users to farm yields by staking LP tokens for mAssets and Mirror Protocol liquidity pools. Yield is paid from newly minted MIR through annual inflation, which increases the total supply of MIR.
Token Distribution
- Total Supply: The total supply of MIR tokens is planned to be 370,575,000. Tokens are distributed over 4 years, with no more new MIR tokens introduced to the supply after that.
-
Genesis: At genesis, 54.9M tokens are available. Distribution includes:
- UNI Airdrop: 16.66% (9.15M) tokens airdropped to UNI holders.
- LUNA Staker Airdrop: 16.66% (9.15M) tokens airdropped to LUNA stakers.
- Community Pool: 66.66% (36.6M) tokens allocated to community pool.
Future Development
- Future Iterations: The utility and value of MIR will increase in future iterations, serving additional purposes within the protocol.
| Price | |
| 52W High price | $0.12 |
| 52W High date | 9th Mar 2024 (9 months ago) |
| All Time High (ATH) Date | 10th Apr 2021 (3 years ago) |
| ATH Price | $12.90 |
| % From ATH | -99.88% |
| All Time Low (ATL) Date | 21st Nov 2023 (1 year ago) |
| ATL Price | $0.009794250000 |
| % From ATL | 53.42% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $112,654.00 |
| Total Supply | 370.58M |
| Max Supply | 370.58M |
| Circulating Supply | 156.06M |
MIR
How does Mirror Protocol's (MIR) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
1.1%
MIR
-3.7%
Similar Market Cap
60 Day Return
17.8%
MIR
-20.1%
Similar Market Cap
1 Year Return
17.7%
MIR
73.2%
Similar Market Cap
We're monitoring 14 Mirror Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Mirror Protocol Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 6
- Past year: 0 commits vs. an average of 90
Most Active Repos
| Past week | 9 |
|---|---|
| Past 12 weeks | 108 |
| Past year | 304 |
| Past week | 10 |
|---|---|
| Past 12 weeks | 97 |
| Past year | 303 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 55 |
| Past year | 275 |
| Past week | 3 |
|---|---|
| Past 12 weeks | 21 |
| Past year | 99 |
| Past week | 5 |
|---|---|
| Past 12 weeks | 19 |
| Past year | 78 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 65 |
Top Developers 2024
In total, 49 developers have contributed to Mirror Protocol over the past year. Who are the most active Mirror Protocol developers, by commits, over the past year?
Related Projects
Developers working on Mirror Protocol also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | 3,683 |
| Active Discord Users | 231 |
| Telegram Users | 7,245 |
| Twitter followers | 107,452 |
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cryptopotato.com/sec-expands-terras-scope-in-mirror-protocol-investigation-report/
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://mirror.finance |
|---|---|
| Explorer | https://etherscan.io/token/0x09a3EcAFa817268f77BE1... |
| @mirror_protocol |
What is the correct contract address for Mirror Protocol?
| Terra | terra15gwkyepfc6xgca5t5zefzwy42uts8l2m4g40k6 |
|---|---|
| Energi | 0x7e58cef7c589e0e1771b9c049cba313fdec31976 |
| Ethereum | 0x09a3ecafa817268f77be1283176b946c4ff2e608 |
| Binance-smart-chain | 0x5b6dcf557e2abe2323c48445e8cc948910d8c2c9 |
Has Mirror Protocol been audited for security?
No security audits found for this project.
Are you the owner of Mirror Protocol? Edit it here
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