Crypto Currency

How Uniswap’ ban on synthetic assets impacted Mirror Finance?

On July 23rd 2021 Uniswap’s web application banned trading of Mirror Finance’s assets along with several other synthetic assets from its platform. In a blog post Uniswap cited “evolving regulatory landscape” as one of the reason for the decision to remove synthetic assets from its platform. As Uniswap being one of the most popular Distributed …

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What is Mirror and What Assets are Traded on Mirror?

Mirror is a Decentralized Finance Protocol built on Terra Blockchain network. It enables creation and trading of real world financial assets like S&P 500, Apple, Microsoft, Google on Terra Blockchain. Synthetic assets traded on Mirror are called as Mirrored Assets(mAssets) and they mimic the price behavior of real-world assets. Just any blockchain application, these synthetic …

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What is Terra Blockchain and How Stable are it’s Stablecoins?

Terra is a trustless, programmable blockchain ecommerce platform founded by South Korean developer Terraform Labs. They offer a basket of fiat-pegged stablecoins to provide stability when conducting cross-border payments. By using stablecoins, the Terra crypto ecosystem offers near instant settlement, low fee and no friction cross-border retail transactions.