The Mirror Protocol is a decentralized finance (DeFi) platform built on the Terra blockchain that aims to bring the world of traditional asset investments to the world of cryptocurrencies. It allows users to create and trade synthetic assets that mirror the value of real-world assets like stocks, ETFs, and commodities. By using smart contracts, users can gain exposure to these assets without actually owning them.
The Mirror Protocol incorporates the concept of "synthetic assets," which are tokenized representations of real-world assets. These synthetic assets are created by using collateral in the form of Terra's stablecoin, called UST. The protocol maintains a decentralized price oracle system to ensure the accuracy of asset prices.
Mirror Protocol's native token is called MIR and is used for governance and staking purposes within the platform. Users can stake their MIR tokens to participate in decision-making processes regarding protocol upgrades, fee distribution, and other governance actions.
For those who want to download the Mirror-Protocol logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Mirror-Protocol logo.