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Mirage Protocol
Mirage Protocol is a liquidity layer on the Move blockchain that uses synthetic assets to support various financial products, including a high-performance perpetuals DEX. It sources liquidity through its overcollateralized stablecoin, mUSD, and is built for Move-based ecosystems like Aptos and Movement.
Distributed
Description
Mirage is building modular money on Move. At its core, Mirage is a liquidity layer that leverages synthetic assets to power a wide range of financial products. The team has developed a high-performance perpetuals DEX (Mirage Market) and enables others to build their own protocols by utilizing Mirage's liquidity. This liquidity is generated from the minting of mUSD, an overcollateralized stablecoin that earns yield from integrated protocols. Initially, mUSD is used as margin on the Mirage Market, with plans for future expansion into other use cases. Built for Move-based ecosystems like Aptos and Movement, Mirage offers high speed and security, providing a superior user experience with near-instant execution and minimal fees. The project was founded by a team of software developers with extensive experience in building on- and off-chain trading systems at major institutional trading firms. The vision is to provide a platform where liquidity providers can access yields from various advanced financial products.Grant Funding
VC Funding
None
2025
$0
$1.6M