Mirror: 82%
Review Date: February 16th, 2021
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. Mirror synthetics are intended to be used as key building blocks in smart contracts and to bring the world’s assets to the blockchain.
Mirror is definitely a solid DeFi project. As there is a real interest in establishing bridges between CeFi and DeFi lately as we’re seeing a lot of projects on this topic, Mirror might be one of the most advanced ones in the space. To add to that, the protocol is not limited to Ethereum and lives on Terra as well which helps it provide a better user experience when we know the activity lately on Ethereum.
