How to Stake IRISnet (IRIS) for better returns

Introduction

Staking IRISnet can be an excellent choice for individuals looking to hold IRIS while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire IRISnet (IRIS) Tokens

   To stake IRISnet, you first need to acquire it. To obtain IRISnet, you can purchase it from these well-known exchanges.

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

   View all 7 prices

2. 2. Select a IRISnet Wallet for Your Needs

   Once you have IRIS, you'll need to select a IRISnet wallet to securely store your tokens. Here are some excellent options to consider.

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

   View all 6 staking rewards available

3. 3. Delegate Your IRIS for Enhanced Returns

   We recommend utilizing a staking pool when staking IRIS. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their IRIS, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the IRISnet network. For these validations, you will be rewarded with IRIS.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.