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Mirage Protocol
Mirage Protocol
-Derivatives
Audited
DeFiLlama Derivatives·$2K TVL·+0.04% 1h·+0.72% 24h·+3.27% 7d·1 chains

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Protocol TVL

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About Mirage Protocol

Mirage is a composable liquidity layer. Users can deposit collateral and borrow a self-repaying stablecoin loan powered by perps

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Security & Audits

Audited by external firms
2 audits
Audit reports
github.com/movebit/Sampled-Audit-Reports
Price oracles
Pyth· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

Mirage Protocol Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Apr 3, 2025
    Listed on DeFiLlama

Protocol Profile

Mirage Protocol is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Aptos. The codebase has been independently audited (1 report on file).

TVL Distribution by Chain

TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.

Aptos
$2K(99.9%)
Move
$1.2(0.1%)

Supported Chains

Aptos

Protocol Footprint

Mirage Protocol is a single-chain protocol, deployed exclusively on Aptos — this concentrates execution risk but simplifies the trust model. Its TVL is heavily concentrated on Aptos, which holds 100% of all assets — other deployments are comparatively small. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Official Resources & Links

Verified external resources for Mirage Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Project Website
mirage.money
Twitter / X — @mirage_protocol
twitter.com
Source Code on GitHub
github.com

Other Derivatives protocols on Mantapex

Mirage Protocol is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether Mirage Protocol's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange
Jupiter Perpetual Exchange
TVL $910.6M · 24h -0.27%
Hyperliquid HLP
Hyperliquid HLP
TVL $431.7M · 24h +0.11%
Drift Trade
Drift Trade
TVL $334.4M · 24h +0.22%
GMX V2 Perps
GMX V2 Perps
TVL $267.5M · 24h -0.08%
Extended
Extended
TVL $196.4M · 24h +0.06%
dYdX V4
dYdX V4
TVL $125.3M · 24h +0.58%
Browse all Derivatives protocols on Mantapex

Recent Mirage Protocol news

Latest reporting from major crypto news outlets covering Mirage Protocol.

Related protocols

Other DeFi protocols connected to Mirage Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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