How to Stake IRISnet (IRIS)

Introduction

Staking IRISnet can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire IRISnet (IRIS) Tokens

   To stake IRISnet, you first need to acquire it. To obtain IRISnet, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Binance	IRISnet (IRIS)	0,01 APY
   Bitpanda	IRISnet (IRIS)	0,01 APY
   CoinEx	IRISnet (IRIS)	0,000516 APY
   Crypto.com	IRISnet (IRIS)	0,01 APY
   Gate.io	IRISnet (IRIS)	0,0005151 APY

   View all 7 prices

2. 2. Select a IRISnet Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Moonstake	IRISnet (IRIS)	Up to 6,83 % APY
   Stakewolle	IRISnet (IRIS)	Up to 9,83 % APY
   Stakin	IRISnet (IRIS)	Up to 11,78 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your IRIS

   We recommend using a staking pool when staking IRIS. It's simpler and faster to get started. A staking pool is a collective of validators who pool their IRIS, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.