Mirror Protocol

The Mirror Protocol is a project built on the Terra blockchain that allows the creation of fungible assets known as “synthetics”. It allows anyone with $UST to own a synthetic asset through tracking the price of the real-world asset with a decentralized oracle. 

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Mirror Protocol

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The Mirror Protocol is a project built on the Terra blockchain that allows the creation of fungible assets known as “synthetics”. It allows anyone with $UST to own a synthetic asset through tracking the price of the real-world asset with a decentralized oracle. To mint an asset, a depositor must collateralize >150% of the asset value in Terra money. These synthetic assets are termed mAssets. mAssets and Terra money can also be used to provide liquidity and earn higher risk-reward returns for traders. In mirror protocol v2, it introduces pre-IPO trading of asset tokens and short minting (otherwise known as shorting).