### What is Mirror Protocol?

Mirror Protocol is a decentralised blockchain-based protocol that allows users to create and trade synthetic assets known as Mirrored Assets (mAssets). These mAssets mirror the price of real-world financial assets such as stocks and commodities, providing exposure to the price movements of these assets without the need to own them directly.

### How does Mirror Protocol work?

Mirror Protocol operates on the Terra blockchain using a Delegated Proof of Stake (DPoS) consensus mechanism. It utilises smart contracts to facilitate the creation, trading, and governance of synthetic assets. Mirror Protocol uses decentralised oracles to update price data, ensuring mAssets maintain their peg to real-world assets. The protocol includes various smart contracts like mirror_collector, mirror_factory, mirror_oracle, and more, to manage operations and ensure seamless interactions.

### What are the potential use cases for Mirror Protocol?

The primary use cases for Mirror Protocol include:
- **Trading synthetic assets:** Enables 24/7 trading of synthetic assets without owning the underlying real-world assets.
- **Lowering entry barriers:** Provides global traders access to markets like US equities.
- **Liquidity provision:** Users can provide liquidity and earn rewards.
- **Tokenised stock trading:** Allows tokenisation of shares in major companies such as Amazon, Google, etc., enabling broader market participation.

### What is the history of Mirror Protocol?

Mirror Protocol was launched by Terraform Labs in December 2020. It was founded by Do Kwon and Daniel Shin, who created Terra to enhance the adoption of blockchain technology. Key milestones include partnerships with UniLend, and the release of Mirror Protocol v2 in June 2021, which introduced new features and integrations to improve its functionality. The protocol faced challenges after the LUNA crash but has shown resilience with recovery signs in 2022.

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