Where and How to Stake IRISnet (IRIS)

Introduction

Staking IRISnet can be a great option for those who want to hold IRIS 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 Guide

1. 1. Obtain IRISnet (IRIS) Tokens

   In order to stake IRISnet, you need to have it. To obtain IRISnet, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	IRISnet (IRIS)	0.01
   Binance	IRISnet (IRIS)	0.01
   Crypto.com	IRISnet (IRIS)	0.01

2. 2. Choose a IRISnet Wallet

   Once you have IRIS, you’ll need to choose a IRISnet wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	IRISnet (IRIS)	Up to 8.87 APY
   Binance	IRISnet (IRIS)	Up to 1.90 APY
   Stakin	IRISnet (IRIS)	Up to 11.78 APY
   Stakewolle	IRISnet (IRIS)	Up to 9.83 APY
   Moonstake	IRISnet (IRIS)	Up to 6.83 APY

   See all 5 staking rewards

3. 3. Delegate Your IRIS

   We recommend using a staking pool when staking IRIS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their IRIS, 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 IRISnet network. You’ll be rewarded with IRIS 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.