Introduction
Staking Mirror Protocol is an excellent choice for those looking to hold MIR while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire Mirror Protocol (MIR) Tokens
To stake Mirror Protocol, you first need to acquire it. You can purchase Mirror Protocol from various popular exchanges.
View all 6 pricesPlatform Coin Cost Binance Mirror Protocol (MIR) 0.14 BingX Mirror Protocol (MIR) 0.03 FMFW.io Mirror Protocol (MIR) 0.02 Gate.io Mirror Protocol (MIR) 0.01 2. Select a Mirror Protocol Wallet
Once you have MIR, you'll need to select a Mirror Protocol wallet to keep your tokens safe. Here are some great options.
3. Delegate Your MIR
We suggest using a staking pool for staking MIR. It's easier and quicker to start. A staking pool consists of validators who pool their MIR, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Mirror Protocol network. You will be rewarded with MIR for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
- Market capitalization
- $4.32M
- 24-hour trading volume
- $129,892
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 156.06M MIR