Introduction
Staking Mirror Protocol can be a great option for those who want to hold MIR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain Mirror Protocol (MIR) tokens
In order to stake Mirror Protocol, you need to have it. To obtain Mirror Protocol, you'll need to purchase it. You can choose from these popular exchanges.
See all 4 pricesPlatform Coin Price Kraken Mirror Protocol (MIR) $0.012 Coinbase Mirror Protocol (MIR) $0.0124 BingX Mirror Protocol (MIR) $0.0123 Bitmart Mirror Protocol (MIR) $0.024 2. Choose a Mirror Protocol wallet
Once you have MIR, you’ll need to choose a Mirror Protocol wallet to store your tokens. Here are some good options.
3. Delegate your MIR
We recommend using a staking pool when staking MIR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MIR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Mirror Protocol network. You’ll be rewarded with MIR for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Mirror Protocol (MIR) is currently priced at $0.0123 with a 24-hour trading volume of $47.62K. In the last 24 hours, Mirror Protocol has seen an increase of 2.66%. The market cap of Mirror Protocol stands at 1.94M, with $156.06M MIR in circulation. For those looking to buy or trade Mirror Protocol, reputable platforms like Kraken, Coinbase and BingX offer avenues to do so securely and efficiently.
- Market cap
- $1.94M
- 24h Volume
- $47.62K
- Circulating supply
- $156.06M