How to Stake IRISnet (IRIS) in Australia

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. 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)	0.0008955
   Crypto.com	IRISnet (IRIS)	0.01
   Gate.io	IRISnet (IRIS)	0.0009084

   See all 7 prices

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 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. 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. 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.

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.