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What is Mirror Protocol (MIR)?

Discover the key facts about Mirror Protocol (MIR).

About Mirror Protocol

Mirror Protocol is a decentralized, community-driven project that allows for the creation of synthetics, which track the price of real world assets.

Mirror’s synthetic mAssets remove traditional financial barriers by enabling any user to own fractional amounts of an asset and to trade on the value of foreign assets. By relying on liquidity pools, Mirror does not need to use centralized order books and can execute transactions in a matter of seconds. MIR is Mirror Protocol’s governance token, so holders can propose and vote on operational changes.

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What are the use cases of MIR? 

MIR is primarily used as a governance token on Mirror Protocol, and is distributed to users as a reward for providing liquidity to the platform . In the past, MIR has been a supported cryptocurrency on The Giving Block, though we do not currently accept MIR for cryptocurrency donations. 

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