Mirror Review: Is the Terra Synthetic-Assets Protocol Usable?
Mirror was a Terra-based protocol for creating synthetic assets that tracked real-world prices. Its current operating status, fees and safe way to get started are unclear, so don’t connect funds without verifying the protocol is active.
By the SkyBitcoins review team · Updated
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At a glance
Mirror key facts
| Type | Synthetic asset protocol |
|---|---|
| Chain | Terra |
| Token | MIR |
| Status | Unknown |
| Audits | 2 audits listed |
| Updated |
Mirror FAQs
What is Mirror Protocol?
Mirror Protocol was designed to offer on-chain price exposure to real-world assets through synthetic tokens. These tokens track prices; they do not give you ownership of the underlying assets.
What is the MIR token used for?
MIR is identified as Mirror’s token and is described as a governance token. The protocol’s current status and whether MIR still has an active role are unknown.
Is Mirror Protocol still active, and what does it cost?
Mirror’s fees and current operating status are not established. Its listed chain is Terra, but verify that the protocol and any relevant app are active before connecting a wallet or sending funds.
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How we checked
Sources
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