mirage protocol
  • overview
  • mirage assets
    • vaults
    • peg
    • yield strategies
  • mirage market
    • funding and fees
    • liquidations
  • mirage swap
  • mira token
  • oasis
  • roadmap
  • resources
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mira token

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Last updated 1 year ago

mira is a utility token used to control mirage governance and incentivize liquidity. a vote-escrow model is implemented to align LPs with the long-term success of the protocol.

10% of protocol fees go toward buyback and burn of mira.

vemira

vemira is an essential part of mirage protocol and has various uses:

  • mirage governance

  • boost rewards for providing liquidity

  • reduce trading fees

  • vermira holders receive a fixed portion of mira emissions

mira can be locked on a sliding scale from 6 months to 3 years to earn vemira.

  • 100 mira locked for 6 months will become 100 vemira

  • 100 mira locked for 3 years will become 300 vemira

the longer the vesting time, the higher the voting power.

mira token is designed around sustainable emissions and fair distribution. a full breakdown of tokenomics and emissions will be provided closer to mainnet launch.