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Mirror Protocol

Mirror ProtocolMIRPrice $ 0.0311

Rank: 1146

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MIR Price

($ 0.00654)
Price Range
$ 0.0223$ 0.0317

General Info




Mirror Protocol is a synthetics protocol for on-chain price exposure to real world assets.

Mirror Protocol is a synthetics protocol for on-chain price exposure to real world assets.


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Mirror Protocol (MIR) Chart

The Mirror Protocol to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

MIR Price Statistics

    Market Cap

    $ 4.85M

    Ƀ 128.01


    $ 11.49M

    ATH Market Cap

    $ 926.72M

    24h Trade Volume

    $ 819.83K

    Ƀ 21.64

    Vol (24h) / MCap


    Circ. Supply

    MIR 156.06M


    Total Supply

    MIR 370.58M

    Max Supply

    MIR 370.58M

    All Time High

    $ 12.97

    10 Apr 2021

    From ATH


    From ATL


MIR to USD Converter

Mirror Protocol Monthly Returns (USD)

Mirror Protocol Quarterly Returns (USD)

Mirror Protocol Closing Price (USD) - Quarterly

MIR - USD Price Change

PeriodChangeChange (%)HighLow
24H$ 0.00654+26.6%$ 0.0317$ 0.0223
7D$ 0.019+156.5%$ 0.0317$ 0.0121
14D$ 0.0177+131.6%$ 0.0317$ 0.00981
30D$ 0.016+106.6%$ 0.0317$ 0.00981
3M-$ 0.00544-14.9%$ 0.0397$ 0.00981
6M-$ 0.0179-36.6%$ 0.0639$ 0.00981
YTD-$ 0.106-77.3%$ 0.216$ 0.00981
1Y-$ 0.0987-76.1%$ 0.456$ 0.00981

Mirror Protocol Annual Price (USD) Change

What is Mirror Protocol (MIR)?

Mirror Protocol is a decentralized trading platform that makes it possible to create and trade synthetic tokens. Based on Tetra blockchain and powered by smart contracts, the protocol acts as a borderless solution that bridges the gap between traditional finances and the world of decentralized finances (DeFi). It uses the Delegated Proof of Stake (DPoS) consensus mechanism. The protocol offers synthetic assets called Mirrored Assets, or mAssets. Their synthetic nature allows them to be used for trading digital and real-world assets without actually acquiring underlying assets. The solution requires no intermediaries. mAssets and can be freely used across Terra, Ethereum, and Binance Smart Chain networks. 

Mirror Protocol was created by Terraform Labs (TFL), the team behind the Terra blockchain that aims to further improve the capabilities of the technology The company is based in South Korea. The protocol was launched in December 2020 with the aim to capitalize mAssets with half UST at minimum. 

The Mirror Protocol was designed to be decentralized. It was run by the community at launch with no special privileges to specific users or developers. There are five types of stakeholders: Minters, Liquidity Providers, Stakers, Traders and Oracle Feeders.

MIR token was issued at the end of 2020 for liquidity providers of the blockchain. Mirror was growing rapidly, it was the 15th largest DeFi protocol by Total Value Locked in the middle of 2021.

What are MIR key features and how does it work?

Synthetic assets provide exposure to an asset without holding the resource itself. This makes a global borderless access to financial markets possible. Low transaction fees among Mirror Assets and faster speed compared to traditional solutions are the main advantages of using the synthetic asset system compared to real-world derivatives.

Below are the advantages explained in detail: 

  • Accessible outside of Europe and North America. Many countries in the world have limited access to foreign equities and markets. Cryptocurrency-based solutions make it virtually borderless.
  • Easier to execute fractional order. In traditional finances, such orders are bundled together for a transaction. The process is significantly simpler in the world of decentralized finances thanks to the nature of blockchain. 
  • Nearly instantaneous speed. In traditional finance, orders sometimes take many hours to execute, blockchain technology can cut this time just to seconds. 

The design of the protocol aims to solve typical problems of similar blockchain-based solutions. If more than half of the collateral is denominated in UST, the protocol allows for minting new mAssets with the value locked. This requires much less capital compared to other derivative-based protocols. Creating an mAsset requires locking 150% of the current asset value in UST as collateral.

The minting of Mirrored Assets is fully decentralized. An asset can be minted after the collateral is deposited.

The MIR token is used for governance purposes. It also makes staking possible for the users who provide liquidity to automated market makers (AMM). 

MIR is the Mirror Protocol's governance token. It can be used for voting, provided a user staked it into the protocol. The stakers are also rewarded with MIR tokens. Initially, these tokens were distributed to the community participants, the company claims that no developers received the initial airdrop.

Mirror Protocol uses Tendermint Delegated Proof of Stake consensus mechanism as used by Terra network. The governance is fully decentralized and democratized. The decision-making depends on the majority of users that stake the tokens. No privileges are given to developers and initial investors.

Where can you buy MIR?

MIR coins are available to buy on several exchanges, including Binance, OKX, Coinbase, Huobi Global, and KuCoin. They can be traded against stablecoins (USDT) and cryptocurrencies like BTC and ETH. FIAT options are also available.

How can you store MIR?

Since MIR is the token on the Terra blockchain, any wallet compatible CW20 tokens should be able to store these coins.For example, Terra Station is the most commonly used Terra-compatible wallet.


MIR is not a mineable cryptocurrency, but minting and staking options are available. MIR tokens have a limited supply capped at 370,575,000 coins at maximum.

Mirror Protocol Price Today

Mirror Protocol's current price is $ 0.0311, it has increased +26.6% over the past 24 hours.

Mirror Protocol's All Time High (ATH) of $ 12.97 was reached on 10 Apr 2021, and is currently -99.8% down.

The current circulating supply of Mirror Protocol is 156.06 Million tokens, and the maximum supply of Mirror Protocol is 370.58 Million.

Mirror Protocol’s 24 hour trading volume is $ 819.83 Thousands.

Mirror Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 4.85 Million.

You can find more details about Mirror Protocol on its official website and on the block explorer.

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