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Mirror

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets)

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This data represents the raw on-chain activity of the tracked smart contracts
For this data we are tracking:Smart Contracts
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Description

What is Mirror?

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. The minting of mAssets is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. Mirror ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST. The Mirror Token (MIR) is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. With it, Mirror ensures liquid mAsset markets by rewarding MIR to users who stake LP Tokens obtained through providing liquidity. Also to incentivize users to ensure mAssets to mimic the price behavior of real-world assets, users who stake sLP Tokens obtained through shorting mAssets are rewarded with MIR.MIR is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees. Mirror is a project developed and steered by its community: its markets are maintained by its own users through MIR incentives, and the protocol evolves with new ideas through democratic governance.


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Mirrortakes full advantage of the power of the blockchain.It is a game based on the NFT + meta-universe on ETH BSC blockchain which anyone can play. Any new player can earn game tokensETH to consume or transact in the virtual world.
NFT is a non-homogeneous token, and NFT provides a new way to solve copyright problems: when a work is cast as an NFT chain, it is given a unique code that can not be tampered with. No matter how many times the work is copied and disseminated, the original author remains the sole owner of the work. With the help of blockchain, players can create rare virtual items and ensure their scarcity. The the assets in the game is absolutely true and Mirror is a good tool to make money.
Mirrortokens are ETH ,which are virtual tokens minted on the blockchain.
If the player experiences the joy of Mirror, they can follow the official instructions to join in. If you want to make money as a sideline, you need to think carefully.