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Home What's new for Mirror v2? Interchain Access Security FAQ Protocol Overview Mirrored Assets (mAssets) Mirror Token (MIR) Terraswap Staking Tokens (LP & sLP) Governance Developers mirrorcli Mirror.js Mirror API User Guide Web App Mirror on Ethereum Terra Bridge Smart Contracts Architecture Collector Community Factory Gov Admin Manager Mint Lock TeFi Oracle Collateral Oracle Staking Limit Order External Resources Mirror Protocol GitHub Terraswap App Terra Blockchain Mirror Bug Bounty Program Powered By GitBook Home You can access Mirror through the official Web App. Welcome to the Mirror documentation site. WHAT IS MIRROR? 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. Mirror is a project developed and steered by its community: its markets are maintained by its own users through MIR incentives, and the protocol evolves with new ideas through democratic governance. LEARN MORE Read the whitepaper Version 1 Version 2 Mirror_Protocol_V2.pdf 312KB PDF Understand the protocol Read the core smart contracts FOR DEVELOPERS Make a liquidation bot with Mirror.js Read the core smart contracts COMMUNITY Telegram Discord Twitter Next What's new for Mirror v2? Last modified 10mo ago Was this page helpful? Copy link On this page What is Mirror? Learn More For Developers Community Cookies Reject all This site uses cookies to deliver its service and to analyse traffic. By browsing this site, you accept our cookie policy.