Mirror implemented security measures such as decentralized governance and collateralization. However, it suffered a $90 million hack prior to its cessation, highlighting vulnerabilities in its system.

Mirror: Project Guide | Latest Updates, Presale & Airdrop

Q: How Can I Participate in Mirror's Ecosystem?

As Mirror Protocol ceased operations in August 2022, participation in its ecosystem is no longer possible.

Q: What Sets Mirror Apart from Competitors?

Mirror's unique features included global accessibility, fractional ownership, and decentralized governance, distinguishing it from traditional financial platforms.

Q: What are the Risks Associated with Mirror?

Risks included reliance on the stability of the Terra blockchain and its stablecoin, UST. The collapse of UST and the subsequent halt of the Terra blockchain led to Mirror's shutdown, resulting in significant financial losses for investors.

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Mirror

Mirror

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Mirror is a suite of Web3-native publishing and economic tools that power the next generation of creators, communities, and DAOs. Mirror aims to bring crypto into mainstream usage by onboarding the next million creators to write about Web3, launch DAOs, start communities, and mint tokens and NFTs.

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What is Mirror?

Mirror Protocol was a decentralized finance (DeFi) platform that allowed users to create and trade synthetic assets, known as mAssets, which mirrored the price of real-world assets like stocks and commodities. Built on the Terra blockchain by Terraform Labs, Mirror aimed to democratize access to financial markets by enabling global users to trade these assets 24/7 without traditional barriers.

How Does Mirror Work?

Mirror operated through smart contracts on the Terra blockchain, allowing users to mint mAssets by locking up collateral, typically in Terra's stablecoin, UST. These mAssets could then be traded on decentralized exchanges like Terraswap. The protocol utilized decentralized price oracles to ensure that mAsset prices accurately reflected their real-world counterparts.

What Makes Mirror Unique?

Mirror's key features included: 1. Global Accessibility: Enabled users worldwide to access and trade synthetic versions of real-world assets without geographical restrictions. 2. Fractional Ownership: Allowed users to own fractional shares of assets, lowering the entry barrier for investment. 3. Decentralized Governance: Operated without admin keys or special access privileges, with governance decisions made by MIR token holders.

Who Are the Founders of Mirror?

Mirror Protocol was developed by Terraform Labs, founded by Do Kwon and Daniel Shin. Do Kwon, serving as CEO, had prior experience at Microsoft and Apple, while Daniel Shin was the founder and CEO of TicketMonster, a South Korean e-commerce platform.

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What Key Events Have There Been for Mirror?

Significant events included: 1. Launch in December 2020: Mirror Protocol was introduced, offering synthetic asset trading on the Terra blockchain. 2. Growth in 2021: Achieved over $2 billion in total value locked (TVL) by June 2021, becoming a leading DeFi platform. 3. Collapse in 2022: Following the Terra UST collapse and a $90 million hack, Mirror ceased operations in August 2022.

Project Announcements

As of September 2025, Mirror Protocol remains inactive, with no recent updates or milestones.

Upcoming events

No data

Project announcements

Where to Buy Mirror?

As Mirror Protocol ceased operations in August 2022, MIR tokens are largely unusable, and trading options are extremely limited or nonexistent.

Mirror Price

Daily Trading Volume

As of September 2025, MIR tokens have minimal to no trading volume due to the protocol's inactivity.

All-Time High

MIR reached an all-time high of approximately $12.90 in April 2021. Compared to the current price of $0.0127, this represents a significant decline.

All-Time Low

The current price of $0.0127 is the lowest recorded for MIR tokens.

Market Cap and Valuation

Market Cap

With a current price of $0.0127 and a circulating supply of 77,742,680 MIR tokens, the market cap is approximately $987,000, ranking it around #2150 among cryptocurrencies.

Fully Diluted Valuation

Considering the total supply of 370,575,000 MIR tokens, the fully diluted valuation is approximately $4.7 million.

Mirror Price Prediction

Given the protocol's cessation of operations and the collapse of the Terra ecosystem, there are currently no available forecasts from reliable experts or publications regarding MIR's future price.

FAQ

What is the Purpose of Mirror?

How Can I Participate in Mirror's Ecosystem?

What Sets Mirror Apart from Competitors?

Is Mirror Secure?

What are the Risks Associated with Mirror?

Disclaimer & risk notice: Some content on this page may be AI-assisted or generated and is for general reference only. For the most accurate and up-to-date information, please refer to the project's official website. Bitget Wallet values every partnership. If you find any issues or inaccuracies, contact us at [email protected] — we appreciate your feedback and will continue to improve.