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Mirror Protocol is a DeFi platform founded on the Terra blockchain, designed specifically to enable users to issue and trade synthetic assets, referred to as Mirrored Assets (mAssets). These mAssets closely emulate the price movements of real-world assets such as stocks, commodities, and exchange-traded funds (ETFs). What sets Mirror Protocol apart is its commitment to offering a decentralized, transparent environment where users can mint, trade, and manage these synthetic assets without the need to hold the actual underlying securities.
The importance of synthetic assets in the DeFi space cannot be understated. They allow for increased accessibility and flexibility for traders and investors who may not have the means or desire to engage with traditional investment avenues.
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