How to Lend Mirror Protocol (MIR) in Australia

Introduction

Lending Mirror Protocol can be a great option for those who want to hold MIR while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Mirror Protocol (MIR) Tokens

   To lend Mirror Protocol, you need to possess it. To acquire Mirror Protocol, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Binance	Mirror Protocol (MIR)	0.14
   BingX	Mirror Protocol (MIR)	0.03
   FMFW.io	Mirror Protocol (MIR)	0.01
   Gate.io	Mirror Protocol (MIR)	0.01

   See all 6 prices

2. 2. Choose a Mirror Protocol lender

   Once you have MIR, you'll need to choose a Mirror Protocol lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Gemini	Mirror Protocol (MIR)	Up to 0.01% p.a.

3. 3. Lend Your Mirror Protocol

   Once you've chosen a platform to lend your Mirror Protocol, transfer your Mirror Protocol into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.