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Please select a coin to swap MIR for.

Due to recent regulatory changes in Australia, CoinSpot can no longer offer their trading services to Unverified International Accounts.

Please note, you have not lost access to your CoinSpot account or your current balance, but there are restrictions in place whereby Buying, Selling and Trading activity has now been disabled.

You are still able to withdraw your holdings from your CoinSpot account. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to.

If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au.

You must have an account and be logged in to sell MIR
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MIR/AUD
$10.03

  -1.92%



Swap max ($10,000)
MIR
Change Coin
 

What is Mirror Protocol?

Mirror Protocol (MIR) is a Decentralised Finance (DeFi) platform that enables the creation of synthetic assets called Mirrored Assets (mAssets).

  • Using the protocol, users can act as a trader, minter, liquidity provider & staker.
  • To mint a mAsset an issuer must lock up more than 150% of the current asset value in Terra stablecoins or mAssets as collateral. If the value of the asset rises above the collateralisation threshold, the collateral is liquidated to guarantee solvency of the system.
  • The protocol accesses underlying asset prices via a decentralised price oracle where prices are updated every 30 seconds. When the price of the mAsset drifts from the primary market, traders are incentivised to trade the asset in for collateral.

Mirror Protocol allows users to access synthetic assets that mimic the price behaviour of real-world assets. This gives traders global access to price exposure without the burden of owning or transacting real assets.

How do I swap Mirror Protocol?

1.
Navigate to the ‘SWAP’ page and select the 'Mirror Protocol' coin.
2.
Select the quantity you would like to swap.
3.
Click ’Swap’ to confirm your Mirror Protocol trade / purchase and your Mirror Protocol will arrive in your wallet within minutes.
Don't have an account? Click here.