Exchange Mirror Protocol (MIR)
If you're looking to swap Mirror Protocol, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Mirror Protocol or some fresh information about MIR’s price movements. And, of course, we provide you with the multiple Mirror Protocol exchange options so that you can choose the offer with the best rates and lowest Mirror Protocol fees, as well as other parameters that suit you.
Mirror Protocol Price Stats
To help you make a decision about exchanging your Mirror Protocol, we gathered some cold hard numbers: Mirror Protocol price chart and other stats, such as Mirror Protocol market cap.
24H HIGH $0.1675
MIR MARKET CAP $60,848,415
CIRCULATING SUPPLY 370,575,000 MIR
24H LOW $0.1623
MIR PRICE $0.1642
24H VOLUME $899,920.135
Mirror Protocol Price Chart
Here you can see the current price of Mirror Protocol, as well as Mirror Protocol price history.
What is Mirror Protocol?
Mirror Protocol is a synthetic assets protocol built by Terraform Labs on the Terra blockchain. It is a completely decentralized and community-driven project that allows the development of synthetics for tracking other assets. The holders of the MIR token govern the network including both code changes and on-chain treasury. Terraform Labs doesn’t intend to hold or sell any of the MIR tokens; the project’s team also doesn’t have any admin keys or special access privileges.
The main goal of Mirror Protocol is to bridge the gap for those who are looking for new ways to access traditional finance and trading options. Mirror also expanded the adoption of UST as Terra stablecoins are necessary to mint and swap mAssets on Terra.
Mirrored assets are blockchain tokens that behave like mirror copies of real-world assets and reflect the exchange price on-chain. It gives traders price exposure to real assets while enabling fractional ownership, open access, and censorship resistance as any other cryptocurrency. mAssets are synthetic and represent the change in the price of the specific asset. They serve as building blocks for the other protocols, including Injective Protocol, Set Protocol, and Nebula. The users are able to own fractional amounts of the assets and trade on the value of those assets.
As Mirror protocol relies on liquidity pools, it doesn’t need centralized order books and executes transactions in seconds. Moreover, the mirrored assets offer other advantages. For example, Mirror protocol allows global access to foreign equities and forex markets without entry barriers. Utilizing the blockchain also eliminates the need for intermediary bundling that takes time to process. Mirror also relies on liquidity provided by each individual asset pool, allowing order execution in the block time of the network.
Mirror Protocol is listed on a number of the major crypto exchanges, including Binance, Coinbase, Huobi, KuCoin, Gemini, Crypto.com, and OKEx. Recently, in March 2022, it was also listed on Kraken. It also strategically partnered with PancakeSwap, Mask Network, Beefy, Nerve Finance, Ramp DeFi, Pickle, etc. to widen the usage of mAssets.
In June 2021 Mirror protocol was updated to the V2 with the help of community proposals and voting. In particular, flexible GDP, and position management were enabled to allow users to deposit or withdraw the collateral from the position and then mint or burn the shorted amounts without closing the existing position and opening a new one.
But the main change happened thanks to the set of new features, such as Pre-IPO assets that unlock decentralized minting, trading, and LP’ing assets before the official listing, Incentives for Governance Participation that distribute MIR rewards to the voters and stakers, and also extra collateral options, such as MIR, LUNA, ANC, etc.
A Simple Way To Exchange Mirror Protocol Here At SwapSpace
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Choose the cryptocurrencies you would like to exchange among more than 2150 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
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