Mirror Protocol is a decentralised derivatives platform that allows for the creation and trading of synthetic versions of real-world assets through what’s known as Mirrored Assets. Users create markets by committing 150% of the value in collateral and the price is recalibrated every 30 seconds using decentralised oracles (currently performed by Band Protocol).
MIR is the protocol’s governance token, giving holders the ability to vote on changes to the protocol and the development of the project. It can be earned by staking MIR tokens, as well as providing collateral to liquidity pools.
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