About Mirror (MIR)
Mirror Protocol is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (i.e., mAAPL, mTSLA, etc.). These mAssets mimic the price behavior of real-world assets and give traders price exposure without the burdens of owning or transacting real assets.
MIR is a utility and governance token that powers the Mirror Protocol. We support the Ethereum (ERC-20) version of MIR, which is a multi-chain asset. MIR purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of MIR using a bridge. MIR has various use cases including protocol governance and rewarding liquidity providers on the platform. Holders of MIR can also engage in yield farming on other DeFi platforms by staking MIR tokens. In the future, users will be able to use MIR tokens as collateral to mint mAssets and a variety of derivative products.
The maximum supply of MIR is 370,575,000 MIR.