IRIS Staking Guide with Keplr Wallet
IRIS Network is a service protocol intended to allow a foundation that facilitates the construction of distributed business applications. Being part of the Cosmos, all zones in the network would be able to interact with any other zone in the Cosmos network over the standard Inter-Blockchain Communication(IBC) protocol. At the “heart” of the IRIS network is the IRIS Hub, which is a Proof-of-Stake (PoS) blockchain built on Cosmos SDK and Tendermint.
Go to the https://wallet.keplr.app/#/dashboard, connect your Keplr wallet and select the IRIS chain on the left side of the main panel and select “Stake”.
Select a validator that suits your preferences, click on “Manage” and on the pop-up window choose “Delegate” subsequently enter the amount you wish to stake and select “Delegate”.
It’s recommended to do your own due diligence before choosing a validator
Click on “Approve” to finish the staking process and you have now successfully staked your IRIS tokens.
Leave some spare IRIS in your wallet to cover transaction fees!
Staking will lock your funds for 21 days. In order for your staked assets to be liquid again, you will need to undelegate. While in the undelegation process, you will not be receiving rewards. If you wish to change your validator without waiting the 21 days period, you can use the “Redelegate” option.
We can verify if the transaction was successful in the top side of the Keplr wallet app or by selecting the explorer icon which will take us to the https://irishub.iobscan.io/
Here we can also see our Balance, Rewards, Delegated amount, and Unbonding tokens, if they are in this process.
As soon as you have delegated your IRIS tokens you will start accruing rewards. These rewards can be delegated for a compounding effect. Follow the same process to delegate them.
Claiming rewards incurs transaction fees.
If you have any questions, looking for alternatives to delegate, or just want to chat, you can contact us on the following channels: