Market Cap: $2,905,692,986,217
24h Vol: $64,980,493,784
Cryptocurrencies: 26009
Markets: 101336
Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
TheBlock 2021-02-10 11:06:05

An Overview of Synthetic Assets on Mirror Protocol

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
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