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Rank #554
Mirror Protocol Price (MIR)
Mirror Protocol (MIR)
$0.227034 -2.8%
0.00000931 BTC -2.3%
0.00011623 ETH -0.8%
38,130 people like this
$0.223725
24H Range
$0.236353
Market Cap $35,332,034
24 Hour Trading Vol $6,144,376
Fully Diluted Valuation $83,900,854
Total Value Locked (TVL) $630,679
Fully Diluted Valuation / TVL Ratio 133.03
Market Cap / TVL Ratio 56.02
Circulating Supply 156,055,246
Total Supply 370,575,000
Max Supply 370,575,000
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Mirror Protocol Price Chart (MIR/USD)

Last updated 12:51AM UTC. Currency in USD.

Live Chart
1h
24h
7d
14d
30d
1y
0.9%
-2.8%
-4.0%
-0.2%
26.9%
-94.3%

Convert MIR to USD

MIR
USD
USD

1 MIR = $0.227034

MIR Price Statistics

Mirror Protocol Price Today
Mirror Protocol Price $0.226782
24h Low / 24h High $0.223725 / $0.236353
7d Low / 7d High $0.219903 / $0.245933
Trading Volume $6,157,469
Market Cap Rank #554
Market Cap $35,332,034
Market Cap Dominance 0.003%
Volume / Market Cap 0.1742
All-Time High $12.90 -98.2%
Apr 10, 2021 (over 1 year)
All-Time Low $0.150687 50.3%
Jun 18, 2022 (about 2 months)

MIR Price Today

Mirror Protocol price today is $0.227034 with a 24-hour trading volume of $6,144,376. MIR price is down -2.8% in the last 24 hours. It has a circulating supply of 160 Million MIR coins and a total supply of 371 Million. If you are looking to buy or sell Mirror Protocol, BingX is currently the most active exchange.

What was the highest price for Mirror Protocol?

Mirror Protocol hit an all time high of $12.90 on Apr 10, 2021 (over 1 year).

What was the lowest price for Mirror Protocol?

Mirror Protocol had an all time low of $0.150687 on Jun 18, 2022 (about 2 months).

What was the 24 hour trading volume of Mirror Protocol?

The 24 hour trading volume of Mirror Protocol is $6,144,376.

Where can Mirror Protocol be traded?

You can trade Mirror Protocol on BingX, Binance, and Bitvavo. Popular trading pairs for Mirror Protocol in the market includes MIR/USD, MIR/CAD, MIR/EUR, MIR/PHP, MIR/INR, and MIR/IDR.

What is MIR?

mirror protocol terra defi

 

MIR is the governance token for Mirror Protocol. MIR can be staked to receive voting privileges and to earn a share of the protocol's Collateralized Debt Position (CDP) withdrawal fees.

MIR was airdropped to UNI and LUNA holders. Currently it is distributed via yield farming to Liquidity Providers (LPs) of mAssets. 

 

How to obtain MIR?

MIR can be purchased from exchanges such as Uniswap or Kucoin. You can find MIR trading on various centralized and decentralized cryptocurrency exchanges

 

What is Mirror Protocol?

mirror protocol defi terra

Mirror Protocol is a decentralized derivative protocol that creates synthetic assets, incubated by Terra Protocol. The synthetic assets are called Mirrored Assets (mAssets). The aim of mAssets is to mimic the price of any assets and give investors access to more assets to invest in. 

Mirror protocol is an inter-chain DeFi protocol that can be accessed across multiple blockchains. Mirror protocol is developed on the Terra blockchain with access to Ethereum and Binance Smart Chain through Terra Shuttle. 

Some of the upcoming features include:



  1. Hold stocks to earn yield (automated yield farming) 




  2. Margin trading (10x long or short on stocks) 




  3. Dynamic ETFs (anyone can create their own ETFs and define the rules for rebalancing) 



How to access Terra Blockchain?

Similar to using Metamask on Ethereum, users can download the Terra Station Chrome Extension to interact with the Terra Blockchain. The blockchain’s transaction fees will be deducted using UST. 

 

How to create mAssets?

Similar to synths from Synthetix, mAssets can be minted by creating a collateralized debt position (CDP) with either TerraUSD (UST) or other mAsset tokens as collateral. The CDP is essentially a short position against the price movement of the reflected asset. If the stock price of AAPL rises, minters of mAAPL would have to deposit more collateral to maintain the collateral ratio. If the ratio falls below the minimum ratio of 150%, it can be margin called and liquidated by other users. 

Users can choose to get back their collateral by burning the mAssets. This is referred to as closing the position. A Mirror protocol fee of 1.5% is charged when a position is closed. This fee is then converted into MIR through Terraswap and distributed to MIR token stakers as a staking reward. 

Users can also choose to withdraw some of their collateral as long as it is not below the minimum collateral ratio. A protocol fee of 1.5% will also be charged when withdrawing collateral from positions.

To ensure that the target price of the mAssets stay close to the price of the real world assets, the system reads the underlying asset prices via a decentralized price oracle that is updated every 30 seconds. When the price of the mAsset drifts significantly from the primary market, traders are incentivized to purchase or sell the asset to mint or burn the collateral. Currently Mirror Protocol uses Band Protocol as their price oracle. 

 

What is Terraswap?

Terraswap is a fork of Uniswap. It is used to establish trading pairs for mAssets and MIR on the Terra Blockchain. Currently, only UST pairs are supported. In Mirror, each liquidity pool has a fixed Liquidity Provider fee of 0.3%.

 

How many mAssets are there?

Currently there are 13 mAssets, tracking the price of 



  1. Stocks: Apple (AAPL), Google (GOOGL), Tesla (TSLA), Twitter (TWTR), Netflix (NFLX), Microsoft (MSFT), Amazon (AMZN), Alibaba (BABA)




  2. Commodities: iShares Gold Trust (IAU), iShares Silver Trust (SLV), United States Oil Fund (USO)




  3. Derivatives: ProShares VIX (VIXY)




  4. Index: Invesco QQQ Trust (QQQ)



 

How to access mAssets in Ethereum?

All mAssets, MIR, and UST are available for trade in Uniswap. 

 

How to access mAssets in Binance Smart Chain?

Some of the mAssets and UST are available for trade in PancakeSwap

 

How to invest in mAssets?

Other than buying through Uniswap and Terraswap, users can now also buy it through Mirror’s mobile app that supports buying through USD using Moonpay. 









 

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