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. 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.

   Platform	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

   See all 4 prices

2. 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. 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. 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.