Introduction
Lending Mirror Protocol can be a great option for those who want to hold MIR but earn yield. 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 Guide
1. Obtain Mirror Protocol (MIR) Tokens
In order to lend 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) 0.02 Coinbase Mirror Protocol (MIR) 0.02 BingX Mirror Protocol (MIR) 0.02 Bitmart Mirror Protocol (MIR) 0.02 2. Choose 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. Lend Your Mirror Protocol
Once you’ve chosen a platform to lending your Mirror Protocol, transfer your Mirror Protocol into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Mirror Protocol (MIR) is currently priced at $0.01 with a 24-hour trading volume of $92.02K. The market cap of Mirror Protocol stands at $2.34M, 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
- $2.34M
- 24h volume
- $92.02K
- Circulating supply
- $156.06M