Cryptocurrencies: 25790
Markets: 104043
Market Cap: $2,656,762,300,106     
24h Vol: $92,773,833,464
TheBlock 2021-02-10 11:06:05

An Overview of Synthetic Assets on Mirror Protocol

Quick TakeMirror Protocol is a synthetic asset issuance platform built on the Terra blockchain (Cosmos SDK) that launched on December 3rd, 2020Since its launch, Mirror Protocol has facilitated a peak of $44.4 million in daily trade volume and has $188.9 million in locked liquidityMirror Protocol’s design resembles that of stablecoin issuance protocol MakerDAO, which has led to an issue where synthetic assets trade at a premium to their real market price
esptco-banner img

Videos
  • Cardano: What is Cardano (ADA)? Explained!

  • What is Basic Attention Token (BAT)? (EXPLAINED)

  • Solana Coin (SOL): Everything You Need to Know

  • Bitcoin Halving Explained: Why It Is So Important?

Our Partners