Mirror Protocol · interactive mechanism simulation

Users lock UST/LUNA collateral into CDPs to mint mAssets tracking real stock prices, traded on Terraswap. A slow-burn oracle exploit drains funds unnoticed for months, and the whole system fails when UST de-pegs.
User deposits UST/LUNA CDP mint contract 200% collateral ratio Terraswap mTSLA pool TVL: $0 Stock price oracle staleness: 5% Oracle exploit drained: $0 UST peg $1.00
Protocol TVL
$0
mAssets minted
0
UST peg
$1.00
Cumulative oracle exploit loss
$0
Parameters — edit me
200%
5%
2.0×
1.2/s
Controls

Illustrative simulation. Mirrors the researched mechanism (CDP minting of mAssets, Terraswap trading, a ~$90M oracle exploit undetected for months, and total collapse when UST de-pegged in May 2022) — mint sizes, exploit timing and de-peg speed are randomized for visualization, not live onchain data. Part of The Onchain Experiment Atlas.