How to Stake IRISnet (IRIS): A Comprehensive Guide for Australians

Introduction

Staking IRISnet can be a great option for those who want to hold IRIS while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. Obtain IRISnet (IRIS) Tokens
To stake IRISnet, you need to own it. To obtain IRISnet, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance IRISnet (IRIS) 0.01
Bitpanda IRISnet (IRIS) 0.01
CoinEx IRISnet (IRIS) 0.00043
Crypto.com IRISnet (IRIS) 0.01
Gate.io IRISnet (IRIS) 0.000922
See all 7 prices
2. Choose a IRISnet Wallet
Once you have IRIS, you'll need to choose a IRISnet wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Moonstake IRISnet (IRIS) Up to 6.83% % p.a.
Stakewolle IRISnet (IRIS) Up to 9.83% % p.a.
Stakin IRISnet (IRIS) Up to 11.78% % p.a.
View all 6 staking rewards
3. Delegate Your IRIS
We recommend using a staking pool when staking IRIS. It's simpler and quicker to get started. A staking pool is a group of validators who combine their IRIS, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
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.

Platform	Coin	Cost
Binance	IRISnet (IRIS)	0.01
Bitpanda	IRISnet (IRIS)	0.01
CoinEx	IRISnet (IRIS)	0.00043
Crypto.com	IRISnet (IRIS)	0.01
Gate.io	IRISnet (IRIS)	0.000922

Platform	Coin	Staking returns
Moonstake	IRISnet (IRIS)	Up to 6.83% % p.a.
Stakewolle	IRISnet (IRIS)	Up to 9.83% % p.a.
Stakin	IRISnet (IRIS)	Up to 11.78% % p.a.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.