What are mirror assets? MIR is the governance token of the Mirror Protocol, a synthetic asset protocol created by Terraform Labs (TFL) on the Terra blockchain. The Mirror protocol is decentralized from day 1, with on-chain treasury and code changes governed by MIR token holders. TFL does not intend to own or sell MIR tokens, and no special administration keys or access privileges are granted. The intention is to be a fully decentralized and community-driven project. Mirrored Assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting trading prices on-chain. They offer traders price exposure to real assets while allowing fractional ownership, open access, and censorship resistance like any other cryptocurrency. Unlike traditional tokens that serve to represent a real underlying asset, masets are purely synthetic and only capture the price movement of the corresponding asset. Asset mirrors offer the following benefits: Global accessibility – in most markets outside of Europe & In North America, access to the foreign exchange and equity markets is very limited. Crypto enables global accessibility with no barriers to entry. Fractional Orders – In traditional finance, to execute a fractional order, multiple fractional orders are grouped together to execute a single transaction. The process of collecting all orders in one requires additional waiting times. Using the blockchain, the order volume is simply represented as a number on the blockchain, so there is no need for the intermediate bundling process. Near-instant order execution: Often due to lack of liquidity (order book algorithm with price and time priority), full order execution can take up to a day. Since Mirror relies on the liquidity provided by each individual asset pool, orders can be filled at the same speed as the network block time (~6 seconds).