Mirror Protocol Logo

Mirror Protocol MIR

Mirror Protocol header image

1. Summary

Ranks

Liquidity
29
Developer
-
Social
93
Momentum (beta)
65
Stack Rankā„¢
-
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
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.
2. Price

MIR

2.1. Market Performance

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

3. Developer Activity

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.

4. Social Activity

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
5. News
7. More Information

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...
Twitter @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

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.