Terra's Mirror Protocol MIR rebounds 40% two days after crashing to record low
The massive move upside had MIR form a golden cross Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rallyMirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR's record low.MIR/USD four-hour price chart.....
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Once one of the most popular protocols on the Terra ecosystem, the Mirror Protocol might be seeing its final moments. Per a report from a pseudonym user, know as Fatman on Twitter, the platform has been under attack for the past day with losses amounting to millions of dollars. Related Reading | Terra (LUNA) Staff Under […]
The optimistic outlook emerges as Mirror's native token MIR bounces 30% in two days amid the formation of a bullish reversal pattern. Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22.MIR/USD four-hour price chart. Source: TradingViewHas Mirror Protocol bottomed out?MIR price rose despite an absence of concrete fundamentals, a sight pretty common across crypto assets. As a result, its rally may have been....
An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol. A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.The exploit was observed on May 29 by governance participant ‘Mirroruser’ on the protocol’s forum. As of the time of writing, the mBTC, mDOT, mETH, and mGLXY synthetic asset pools on the protocol have lost almost all of their assets valued at over....
Mirror Protocol, a DeFi application built on the old Terra blockchain, was attacked by a $90 million exploit in October 2021, and it remained entirely undiscovered until last week. The attacker was able to unlock collateral from the protocol multiple times while just paying a little fee each time. Terra’s DeFi Attacked Seven Months Ago […]
The creators of the stablecoin platform Terra are launching Mirror Protocol, a way to mint crypto assets that mimic U.S. stocks.