Mirror Protocol
MIR Price
How is the price of Mirror Protocol (MIR) calculated?
The price of Mirror Protocol (MIR) is calculated in real-time by aggregating the latest data across 8 exchanges and 11 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Mirror Protocol Price Chart (MIR)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.1% | 2.0% | 11.3% | 3.7% | 15.6% | 4.7% |
MIR Converter
|
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$2,258,543 |
|---|---|
|
Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.42 |
|
Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
3.8 |
|
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$5,363,225 |
|
Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
9.02 |
|
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$45,198.82 |
|
Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$594,725 |
|
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
156,055,246
|
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
370,575,000 |
|
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
370,575,000 |
MIR Historical Price
| 24h Range | $0.01383 – $0.01477 |
|---|---|
| 7d Range | $0.01383 – $0.01642 |
| All-Time High |
$12.90
99.9%
Apr 10, 2021 (over 3 years)
|
| All-Time Low |
$0.009794
47.5%
Nov 21, 2023 (11 months)
|
How do you feel about MIR today?
What is MIR?
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 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:
-
Hold stocks to earn yield (automated yield farming)
-
Margin trading (10x long or short on stocks)
-
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
-
Stocks: Apple (AAPL), Google (GOOGL), Tesla (TSLA), Twitter (TWTR), Netflix (NFLX), Microsoft (MSFT), Amazon (AMZN), Alibaba (BABA)
-
Commodities: iShares Gold Trust (IAU), iShares Silver Trust (SLV), United States Oil Fund (USO)
-
Derivatives: ProShares VIX (VIXY)
-
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.
Where can you buy Mirror Protocol?
MIR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Mirror Protocol is MEXC, where the most active trading pair MIR/USDT has a trading volume of $5,780.03 in the last 24 hours. Other popular options include BingX and Gate.io.
What is the daily trading volume of Mirror Protocol (MIR)?
The trading volume of Mirror Protocol (MIR) is $45,198.82 in the last 24 hours, representing a -39.70% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Mirror Protocol (MIR)?
The highest price paid for Mirror Protocol (MIR) is BTC0.0002207, which was recorded on Apr 10, 2021 (over 3 years). Comparatively, the current price is -99.90% lower than the all-time high price.
What is the all-time low for Mirror Protocol (MIR)?
The lowest price paid for Mirror Protocol (MIR) is BTC0.062120, which was recorded on Nov 21, 2023 (11 months). Comparatively, the current price is 47.50% higher than the all-time low price.
What is the market cap of Mirror Protocol (MIR)?
Market capitalization of Mirror Protocol (MIR) is BTC36.2964 and is ranked #2405 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MIR tokens (160 Million tokens are tradable on the market today).
What is the fully diluted valuation of Mirror Protocol (MIR)?
The fully diluted valuation (FDV) of Mirror Protocol (MIR) is BTC86.1908. This is a statistical representation of the maximum market cap, assuming the maximum number of 370 Million MIR tokens are in circulation today. Depending on how the emission schedule of MIR tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Mirror Protocol compare against its peers?
With a price decline of -11.30% in the last 7 days, Mirror Protocol (MIR) is underperforming the global cryptocurrency market which is up 2.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
How to add Mirror Protocol (MIR) to MetaMask?
Adding Mirror Protocol (MIR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MIR as a token. You can copy MIR’s contract address (0x09a3ecafa817268f77be1283176b946c4ff2e608) and import it manually, or if you've installed MetaMask's chrome extension, add MIR to MetaMask with one click on CoinGecko.
Add MIR to MetaMask.
Mirror Protocol Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
|
$0.0144385817180383590000000000000000 | 0.55% | $116 | $50 | $5,780.00 | 12.79% |
Recently
|
|||
| 2 |
CEX
|
$0.0142954433361627050000000000000000 | 0.56% | $12 | $7 | $28,044.00 | 62.05% |
Recently
|
|||
| 3 |
CEX
|
$0.0141761510321166670000000000000000 | 1.05% | $131 | $1,032 | $2,902.00 | 6.42% |
Recently
|
|||
| 4 |
DEX
|
|
$0.01522964329156351000000000000000000 | 0.63% | $324 | $323 | $936.00 | 2.07% |
Recently
|
||
| 5 |
CEX
|
$0.015000000000000000000000000000000000000000000000 | 6.67% | $0 | $0 | $5,302.00 | 11.73% |
Recently
|
|||
| 6 |
CEX
|
$0.0153293622985283610000000000000000000000000000000 | 7.14% | $0 | $0 | $2,106.00 | 4.66% |
Recently
|
|||
| 7 |
CEX
|
$0.014432836484011549000000 | 2.3% | $56 | $126 | $134.00 | 0.3% |
Recently
|
|||
| 8 |
DEX
|
|
$0.01522481029574876000000000000000000 | 0.61% | $1,751 | $1,746 | $521.00 | 1.15% |
Recently
|
||
| 9 |
DEX
|
|
$0.0156778786211485800000000000000000000000000000000000000000000000000000 | 0.88% | $29 | $29 | $11.00 | 0.02% |
about 12 hours ago
Inactive - No trades in the last 3 hours
|
||
| 10 |
CEX
|
$0.0171800419401632320000000000000000 | 8.08% | $0 | $0 | $0.00 | 0.0% |
4 days ago
Inactive - No trades in the last 3 hours
|
|||
Or check it out in the app stores
