Mirror Description
Mirror Protocol allows for the creation of fungible assets called "synthetics" that track the price real-world assets. Mirror synthetics will be used to build smart contracts and bring the world's assets onto the blockchain. The system uses a decentralized price Oracle to read in the underlying asset prices. Prices are updated every 30 second to target the mAsset's price. If the price of the MAsset drops significantly from the primary market, traders will be incented to buy / sell the asset to mint or burn the collateral. Mirror Protocol is built and managed entirely by the community of MIR token owners. This is done without the involvement of investors or a team.
Integrations
Company Details
Company:
Mirror Protocol
Year Founded:
2020
Website:
mirror.finance/
Media
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Product Details
Platforms
SaaS
Type of Training
Documentation
Customer Support
Online