# Mirror By [Pavel](https://paragraph.com/@pavel-5) ยท 2024-03-25 --- Mirror Protocol is a decentralized finance (DeFi) platform built on the Terra blockchain that focuses on the creation and trading of synthetic assets known as "Mirrored Assets." These assets are designed to mimic the price behavior of real-world assets such as stocks, commodities, and exchange-traded funds (ETFs) without requiring users to own the underlying assets. Users on the Mirror Protocol platform can mint, trade, and stake Mirrored Assets using Terra stablecoins, providing exposure to traditional financial markets in a decentralized and permissionless manner. This allows users to gain price exposure to various assets without the need for a traditional brokerage account. The protocol's native token, MIR, is used for governance and staking within the ecosystem, enabling users to participate in the decision-making process and earn rewards for securing the network. Mirror Protocol has gained popularity in the DeFi space for its innovative approach to synthetic asset trading and its ability to democratize access to global financial markets. As with any DeFi platform, users should exercise caution and do their own research before participating in any activities on the protocol. For more detailed information and the latest updates on Mirror Protocol, I recommend visiting their official website or consulting reputable sources within the cryptocurrency community. --- *Originally published on [Pavel](https://paragraph.com/@pavel-5/mirror)*