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What is Mirror Protocol?

Crypto Terms Glossary: What is Mirror Protocol?

Mirror Protocol is a separate blockchain protocol operating on top of the Terra blockchain network. It enables the creation of fungible synthetic assets called mirror assets, or mAssets. mAssets "mirror" the ongoing real-time value of share prices from leading enterprises around the world such as Tesla (mTSLA), Apple (mAAPL), Microsoft (mMSFT) and a host of others. Mirror Protocol makes use of its utility token MIR and can be used to create mirror assets and for numerous other decentralized finance (DeFi) uses within the Terra ecosystem.

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