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
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) $0.0147 Binance IRISnet (IRIS) $0.0141 Crypto.com IRISnet (IRIS) $0.0145 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.
See all 5 staking rewardsPlatform Coin Staking rewards Binance IRISnet (IRIS) Up to 1.9% APY MyCointainer IRISnet (IRIS) Up to 8.87% APY Stakewolle IRISnet (IRIS) Up to 9.83% APY Stakin IRISnet (IRIS) Up to 11.16% APY Moonstake IRISnet (IRIS) Up to 6.83% APY 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. 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.
Latest movements
IRISnet (IRIS) is currently priced at $0.0147 with a 24-hour trading volume of $1.20. In the last 24 hours, IRISnet has seen an increase of 4.26%. For those looking to buy or trade IRISnet, reputable platforms like Bitpanda and Crypto.com offer avenues to do so securely and efficiently.
- 24h Volume
- $1.20