Mirror Protocol V2 Launches on Mainnet With Expanded Band Protocol Price Oracle Integrations
Mirror Protocol has been live for six months with the integration of Band Protocol price oracles from the very beginning. Since then, Mirror has become one of the leading DeFi protocols with over $2B+ in TVL and $1B+ in liquidity secured by Band Oracles. With the help of Band Protocol, Mirror has also expanded by adding 10 new assets via governance in addition to the original 14.
Fast forward to today, Mirror V2 has launched on the Mainnet with new collateral options (MIR, LUNA, ANC), incentives for governance and mint/short LP tokens among many more updates and optimizations.
The Mirror team has also partnered with the leading DeFi applications across various blockchain networks to broaden the usage of mAssets. These partners include PancakeSwap, Mask Network, Set Protocol, Wing, Beefy and many others who are also implicitly relying on the performance of Band Protocol.
With more projects integrating mAssets, Band Protocol has proven to be battle-tested to survive a wide range of market conditions without incident including Black Wednesday and continues to be the primary oracle for Mirror Protocol as they continue to rapidly accelerate development.
Moving forward, Band Protocol is proud to continue our strategic partnership with Mirror Protocol and close relationship with their wider community to bring borderless price exposure to real-world assets on-chain. Both teams are currently working on the next set of use-cases and mAssets to be listed on Mirror V2 — stay tuned!
About Mirror Protocol
Mirror Protocol is a DeFi protocol powered by smart contracts on the Terra network that brings price exposure to real-world assets on-chain. Bridging DeFi with traditional markets, Mirror introduces mAssets — synthetics that can be held in fractional amounts and transacted without involving real assets, while maintaining open access and censorship resistance. Initially developed by Terra, Mirror is a decentralized protocol from the onset, with all decisions determined by on-chain governance.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.