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Mirror Protocol

MIR

About

Mirror Protocol is allows the creation of fungible assets, “synthetics”, that track the price of real world assets.

$242,764,128

$101,608,330

42.03%

Bet your HEARTS
Will the MIR Price be higher or lower in
days ?

Higher

Lower

7d
30d
90d

-20.1%

$3.06

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Participating
Stake MIR
Risk
stable
Complexity
easy
Reward
69.92%
Minimum
-
Lock Up
-
Participating
-
Adj. Reward
69.92%
Avg. Fee
-

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 MIR

Est. Yearly Earning

$0

0 MIR

FAQ's

  • How to Stake MIR?

    The Mirror Token (MIR) is Mirror Protocol’s governance token. Currently, it must be staked to vote on active polls and is required as a deposit for making new governance polls. In future iterations of Mirror, it will serve further purposes for the protocol that increase its utility and value.

    Users that stake MIR tokens also earn MIR rewards generated from withdrawing collateral from CDP positions within the protocol.

    MIR is also used to incentivize users to farm yields by staking LP tokens which were minted by providing liquidity for MIR and mAssets. Yield is paid to the users from MIRs that are newly minted through annual inflation, which gradually increases the total supply of MIR until the end of 4th year.

    You can stake MIR here.

  • How much can I make Staking MIR?

    MIR Token stakers receive MIR token rewards every block, which are generated from protocol fees from CDP withdrawals. The protocol fees are collected from CDP collateral and are sold for TerraUSD to buy MIR through Terraswap. The MIR tokens are then distributed as rewards to MIR stakers in proportion to the percentage of total stake. This process balances the generation of new MIR by creating buying pressure.

    The effective staking rate depends on Captured CDP Closure Fees, and Total Staked MIR. You can estimate returns for individual scenarios in the Mirror Staking Calculator.

    MIR Staking Returns are automatically compounded.

  • Is there any risk Staking MIR?

    Yes, there is smart contract risk and the risk of impermanent loss when depositing liquidity into LPs.

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Last updated: 2021-08-05 18:38:58