Where and How to Lend Mirror Protocol (MIR)

Introduction

Lending Mirror Protocol can be a great option for those who wish to hold MIR but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Mirror Protocol (MIR) Tokens

   To lend Mirror Protocol, you need to have it. To obtain Mirror Protocol, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   BingX	Mirror Protocol (MIR)	0.03
   FMFW.io	Mirror Protocol (MIR)	0.01
   Gate.io	Mirror Protocol (MIR)	0.01

   See all 5 prices

2. 2. Select a Mirror Protocol Lender

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

   Platform	Coin	Interest rate
   Gemini	Mirror Protocol (MIR)	Up to 0.01% APY

3. 3. Lend Your Mirror Protocol

   After you have selected a platform for lending your Mirror Protocol, transfer your Mirror Protocol into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

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