Prerequisites ✨
- Keplr wallet
- Some IRISnet (IRIS)
Quick Note 📘
When unstaking your IRISnet (IRIS), you’re going to need to wait 21 days before you get access to your coins. Unfortunately, there’s no way around this as the staking system is purposely designed this way.
Staking IRISnet (IRIS) 💰
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under IRISnet, click on Stake
- Pick a validator that shares a good amount of revenue to stakers, then click on Manage > (the lower the Commission percentage, the better!)
- Click on Delegate
- Enter in the amount of IRISnet (IRIS) you want to stake, then click on Delegate
- Approve the Keplr wallet transaction
Congratulations! You now have staked your IRISnet (IRIS).
Unstaking IRISnet (IRIS) 🤑
- Head over to wallet.keplr.app and connect your Keplr wallet
- Under IRISnet, click on Stake
- The amount of IRISnet (IRIS) you staked and the pending rewards should appear. Click on Manage >
- Click on Undelegate
- Enter in the amount of IRISnet (IRIS) you want to unstake, then click on Undelegate
- Approve the Keplr wallet transaction
Congratulations! You have now unstaked your IRISnet (IRIS). You will have access to your IRISnet (IRIS) coins after 21 days.
Where can I buy IRISnet (IRIS)? 🛒
You can buy IRISnet (IRIS) on exchanges such as FTX and Binance. While you can also buy from other exchanges, we always recommend using reputable ones for better liquidity and better security.
Final Thoughts 🗒
Staking is great and all that, but always make sure your funds are secure. To achieve this, we always recommend using a nice hardware wallet like a Ledger.
