Mirage Protocol is a decentralized finance (DeFi) platform built on Move-based blockchains like Aptos and Movement. It offers a composable liquidity layer powered by synthetic assets, enabling users to mint the yield-bearing stablecoin mUSD by depositing high-quality collateral. mUSD can be utilized across various DeFi strategies, including leveraged trading on Mirage’s perpetual DEX with up to 100x leverage. The protocol’s governance is managed through the MIRA token, which allows holders to influence protocol changes and earn a share of platform fees.
