Event Timeline
About Mirror Protocol
Mirror let people mint and trade synthetic versions of real world equities on Terra. A synthetic tracked the price of a listed share without conferring ownership of it, which made exposure to those markets available to anyone with a wallet.
The genesis airdrop on 4 December 2020 split roughly 9.15 million MIR two ways. Half went to LUNA stakers, which was expected. The other half went to liquidity providers on Uniswap, people with no connection to Terra at all, as a deliberate attempt to pull Ethereum users toward a chain they had no reason to visit.
Airdrop Stats
How it worked to get the Mirror Protocol airdrop
Stake LUNA before the snapshot
Terra stakers formed the half of the distribution that went to the protocol's own ecosystem.
Or provide liquidity on Uniswap
The other half read Uniswap LP positions at the 23 November 2020 snapshot, so Ethereum users qualified without ever using Terra.
Claim after the December launch
The genesis airdrop opened alongside the token on 4 December 2020.
Stake MIR for the later rounds
Further distributions went to MIR stakers through 2021, so the genesis drop was the first of several.
Was the Mirror Protocol airdrop worth it?
- It bought attention rather than rewarding loyalty. Sending half the genesis supply to Uniswap liquidity providers was a recruitment exercise aimed squarely at Ethereum. Most airdrops thank existing users; this one paid strangers to look.
- The snapshot was unannounced. Eligibility was read from 23 November 2020 and published afterwards, so the Uniswap side could not be farmed once people knew about it.
- What happened later matters. Mirror depended on Terra, and Terra collapsed in May 2022. Judged on the distribution alone it worked; judged on where the asset ended up, the timing of any exit decided the outcome entirely.
Mirror Protocol Official Links
Official channels, documentation and community for this airdrop:
This airdrop has concluded. It is kept for research rather than participation.
