What is the mirror protocol?

Last week, FatMan pointed to previous attacks around the Mirror Protocol. The Mirror Protocol is a DeFi platform that allows users to create and trade “mirrored assets,” or mAssets, that “mirror” the price of stocks – including major stocks traded on U.S. exchanges.

What were the problems with mirror protocol v1?

One of the most significant difficulties with Mirror Protocol v1 was the persistent pricing disparity between Terraswap and Oracle prices. As a result, a user would have to mint an asset and then sell it against Terraswap pools to mitigate price premiums.

What are the long-term price predictions for mirror protocol (Mir)?

Its Mirror Protocol price prediction for 2025 averaged out at $1.04 and anticipated it to have climbed to $3.56 by 2030. In contrast, PricePrediction shared extremely bullish long-term Mirror Protocol coin price predictions. It estimated that the average price of MIR could reach $0.18 in 2022 and $0.90 in 2025.

What is mirror (Mir)?

This content is for informational purposes only. MIR is an Ethereum token that governs the Mirror Protocol which “allows the creation of fungible assets, that track the price of real world assets.” The project aims to enable 24/7 equities trading by minting “synthetic” versions of the real thing.