Mirage Protocol

Mirage is a financial technology platform focused on building modular money solutions within the Move ecosystem, specifically targeting Aptos and Movement. At its core, Mirage functions as a liquidity layer that utilizes synthetic assets to support a diverse array of financial products. The platform's primary offering is a high-performance perpetual decentralized exchange (DEX), which allows users to engage in trading activities with near-instant execution and minimal fees. Liquidity is sourced through the minting process, where users deposit high-quality collateral to receive synthetic assets in return. The first synthetic asset introduced by Mirage is the stablecoin mUSD, which can be exchanged for other tokens or utilized within the Mirage ecosystem, such as serving as margin on the perps DEX. Mirage's business model revolves around generating revenue through trading fees and offering yield opportunities to liquidity providers (LPs) via vaults. The platform is designed to enable LPs to access yields from cutting-edge financial products seamlessly. Additionally, the Mira token plays a crucial role in the ecosystem by rewarding holders with platform fees and granting them governance rights to influence protocol changes, including fee adjustments and the introduction of new assets and trading pairs. Mirage is currently preparing for the launch of its testnet v2, with a vision to deliver a secure and efficient user experience. The platform is developed by a team of experienced software developers with a background in building on and off-chain trading systems at leading institutional trading firms.

Keywords: modular money, synthetic assets, liquidity layer, perps DEX, mUSD stablecoin, Move ecosystem, Aptos, trading fees, yield opportunities, governance.