Mirror Protocol Fees

Deposit, Trading & Withdrawal fees

Mirror Protocol Exchange Fees

by exchange site
Dep. Deposit fees Trade Trading fees Withdrawal Withdrawal fees
- 0.1% 15.0 MIR Sign up
- 0.5% 1.4 MIR Sign up
- 0.4% 2.0 MIR Sign up
- 0.2% 5.24 MIR Sign up
- 0.1% 1.0 MIR Sign up
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Cheapest exchanges for Mirror Protocol

Use our Crypto Search Engine to find out which are the cheapest sites to buy or exchange Mirror Protocol (MIR)

What is Mirror Protocol?

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. The minting of mAssets is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. Mirror ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST. The Mirror Token (MIR) is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. With it, Mirror ensures liquid mAsset markets by rewarding MIR to users who stake LP Tokens obtained through providing liquidity. Also to incentivize users to ensure mAssets to mimic the price behavior of real-world assets, users who stake sLP Tokens obtained through shorting mAssets are rewarded with MIR.MIR is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees.

ETH Token DeFi

Launch date 2020-12-08
Development status Working product
Whitepaper n/a
Org. Structure Centralized
Open source No
HD Wallet Yes
Consensus type Not mineable
Hash algorithm None

Mirror Protocol sites

Coin categories

ETH Token
Token that is operating on the Ethereum (ETH) blockchain platform.
DeFi
DeFi means 'decentralized finance' and is referred to as 'open finance'. It’s an ecosystem of financial apps that are developed on top of blockchain systems. It is permissionless, open access financial products and protocols.
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