This is why we need decentralized front-and-back end services, such as Akash or Internet Computer sooner rather than later. US equities are a very attractive DeFi application, Mirror Protocol, has suffered another attack draining over $2 million. Mirror Protocol was launched on December 3, 2020, by Terraform Labs (TFL), the group behind Terra blockchain.Initially, Mirror Protocol was only planned for the Terra network, but looking at greater adoption of DeFi platforms on Ethereum and Binance Smart Chain, the protocol was integrated with these networks as well. where Terra and Mirror rely upon centralized services and/or entities. Azure, etc.) 3 Likes. PlayStation Stars. Learn More. Mirror users are afforded the The Mirror Web App is a web frontend for interacting with Mirror Contracts. SEOUL (PRWEB) December 03, 2020 Terraform Labs (TFL), the group behind Terraa stable, programmable cryptocurrencylaunches Mirror, the first synthetic assets protocol that tracks the price of stocks, futures, exchange-traded funds, and other traditional financial assets, bridging crypto with traditional markets.. The holders of Mirror token (MIR), the protocols native governance token, manage it. Blog Archive 2022 Terra: A Brief Explanation. The Mirror protocol allows users to take long or short positions on technology stocks using synthetic assets. Smart contracts powering Mirror Protocol on Terra. The native token of the ecosystem is MIR. What is . Mirror relies on Terraswap to establish UST trading At its core, the Mirror protocol is a decentralised, blockchain-based protocol runs on the Terra blockchain. Dead Space. Terraform Labs today announced the launch of its Mirror Protocol, the first synthetic assets protocol that tracks the price of U.S. stocks, futures, exchange-traded funds, and other traditional assets, bridging crypto with global financial markets.. U.S. equities are an attractive asset class globally, but access to the $36.3 trillion-dollar market is limited. The protocol allows users to trade tokenised synthetic assets on the Currently, the assets on Mirror consists of stocks such as mAAPL and mTSLA, ETFs such as mQQQ and mARKK and even cryptocurrencies like mBTC and mETH. Mirror is a decentralized finance (DeFi) protocol on the Terra blockchain network allowing for the creation of synthetic assets called Mirrored Assets or mAssets. Choose any link below to access the decentralized web app. Enhance your PlayStation experience with online multiplayer, monthly games, exclusive discounts and more. Over the Mirror Protocol. SCSS 85 Apache-2.0 119 17 1 Updated Aug 15, 2022. terra-web-dapp Public. Mirror Protocol (MIR) is a decentralized trading protocol for synthetic assets such as stocks. Mirror: mAAPL Apple Inc. mABNB Airbnb Inc. mAMD Advanced Micro Devices, Inc. mAMZN Amazon.com, Inc. mARKK ARK Innovation ETF: mBABA Alibaba Group Holding Limited: mBTC Coach View my complete profile. Welcome to PlayStation Plus. MIR. Terra is a smart contract blockchain network created using Cosmos SDK and aims to render a financial ecosystem that is decentralized and maximizes the potential of crypto and is algorithmically governed. Mirror Protocol is an interchain DeFi platform built on Terra blockchain that allows users, issue and trade synthetic assets (mAssets) that track the price of real-world assets https://mirrorprotocol.app; https://mirrorprotocol.is Mirror Protocol App for web browsers. In October 2021, Mirror Protocol succumbed to a $90 million exploit on the old Terra blockchain, which went unnoticed until last week, The Block reported Monday. Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). Video update about the launch of Mirror protocol, the first synthetics protocol providing Chains on-chain price exposure to real world assets. No comments: Post a Comment. Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). Late last year, crypto standout Terra debuted the Mirror Protocol, a new synthetic asset platform designed to help users gain access and price exposure to real-world assets. Mirror Protocol is a DeFi protocol built on Terras blockchain for issuing and trading synthetic assets, called Mirrored Assets (mAssets). Mirror Protocol is a DeFi platform built by the Terra network. It enables the creation of synthetic assets called Mirrored Assets (mAssets). These synthetic assets can represent stocks such as Tesla (TSLA) or Coinbase (COIN), or commodities like gold and silver. Mirror Protocol is based on the Terra blockchain, but its synthetic assets, known as Mirror Assets (mAssets), are also accessible via bridges on Ethereum and Binance Smart Chain (BSC). It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development. It enables the creation of synthetic assets called Mirrored Assets (mAssets). The Callisto Protocol. Terra (terra.money) is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Mirror synthetics are intended to be used as key building blocks in smart contracts, and to bring the worlds assets to the blockchain. Mirror Protocol. Mirror Protocol is a DeFi platform built by the Terra network. However, the price quickly rebounded, reaching as high as $1.41 two days later, a gain of more than 40% from MIRs record low. POLICE SIMULATOR: PATROL OFFICERS. Mirror Protocol Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). Mirror Protocol is a decentralized finance (DeFi) platform on Terra that tracks the price of real-world assets, such as stocks. mAssets are used to mimic price behavior of real-world assets and traditional asset classes including stocks and real estate, providing traders open access to price exposure without the burden of owning These synthetic assets can Through blockchain technology, the protocol can tokenize synthetic stocks which mirror the price action of real-world assets, allowing investors to gain price exposure to stocks globally without actually owning mAssets mimic the A quick note on token access on app.uniswap.org. https://mirrorprotocol.app; https://mirrorprotocol.is The maximum supply is 370 million. This helped Mirror Protocol with Introducing Mirror Protocol on Terra! A tag already exists with the provided branch name. Rust 131 Apache-2.0 74 6 3 Updated May 14, 2022. eth-web-dapp Public. Mirror Protocol allows the creation of fungible assets, synthetics, that track the price of real world assets. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. Additionally, Mirror has a bridge to Ethereum, called Shuttle, which enables users to port mAssets from Terra to Ethereum. The result is deeper liquidity and the first cross-chain bridge for synthetic assets. Theres currently over $72 million (UST) locked in Mirror Protocol, with the market cap of the issued mAssets exceeding $36 million. The MIR price is $1.70 at the time of writing with a $130 million market cap and a circulating supply of 78 million. Terraswap is a Uniswap-inspired automated market maker (AMM) protocol implemented with smart contracts on the Terra blockchain. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. Mirror Protocol allows the creation of fungible assets or synthetics which tracks the price of the real-world assets. Uniswap Protocol 23 Jul 21. Terras Mirror Protocol Suffers Another Exploit. Troubles continue to escalate for Terra. Mirror Protocol is built on the Terra network, though its synthetic assets referred to as Mirror Assets (mAssets) are also available on Ethereum and Binance Smart The platform allows for the tracking, issuing and trading of these assets, such as U.S. equities like stocks, via Mirrored Assets, also known as mAssets. Mirror Protocol. Cyber criminals depleted four synthetic asset pools from the protocol, with the potential to drain funds from all other pools in the coming days. terra1ys4dwwzaenjg2gy02mslmc96f267xvpsjat7gx Ethereum Mirror on Ethereum is available via a bridge called Shuttle, which facilitates cross-chain transfers of assets between Terra and Ethereum networks (mainnets and testnets supported). The protocol allows users to trade tokenised synthetic assets on the Terra ecosystem. According to its documentation, each synthetic asset traded on the platform represents a real-world asset. Users of the mirror protocol can purchase assets such as the NFLX or TSLA shares. Mirror Protocol is an interchain DeFi protocol, meaning that it can be accessed and interact with other decentralized applications across multiple blockchains. Token access on app.uniswap.org. It is intended to be used with the Terra Station Extension plugin for Chromium browsers. A detailed What is Mirror Protocol? mAssets mimic the price Late last year, crypto standout Terra debuted the Mirror Protocol, a new synthetic asset platform designed to help users gain access and price exposure to real-world assets. User Guide. CRISIS CORE FINAL FANTASY VII REUNION PS4 & PS5. Terra blockchain, which Mirror Mirror Protocol by Terra eases the creation of Synthetic assets called mAssests. 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