Introduction
Lending Mirror Protocol can be an excellent choice for those looking to hold MIR while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide
1. Acquire Mirror Protocol (MIR) Tokens
To lend Mirror Protocol, you must first acquire it. To obtain Mirror Protocol, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
See all 6 pricesPlatform Coin Price 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 2. Choose a Mirror Protocol Lender
Once you have MIR, you'll need to select a Mirror Protocol lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Gemini Mirror Protocol (MIR) Up to 0.01% APY 3. Earn Mirror Protocol
Once you've selected a platform to earn your Mirror Protocol, transfer your Mirror Protocol into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
What to be Aware of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
Latest Movements
Mirror Protocol (MIR) is currently priced at US$0.01 with a 24-hour trading volume of US$129,892. The market cap of Mirror Protocol stands at US$4.32M, with 156.06M MIR in circulation. For those looking to buy or trade Mirror Protocol, Gemini offers avenues to do so securely and efficiently
- Market cap
- US$4.32M
- 24h volume
- US$129,892
- Circulating supply
- 156.06M MIR
