IRISnet is Interchain Service Hub for NextGen Distributed Applications. The market cap is $47,081,195 and the 24h volume is $4,028,421.
IRISnet blockchain consensus is achieved via Delegated Proof of Stake. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your IRISnet investment as outlined below.
Run a Delegate Node
- How to stake IRISnet?
For the average user the best way to stake IRIS is by delegating / bonding to one of the Validators of the Network.
It can be done using the Rainbow Wallet or Command Line Interface (CLI).
- Is there a risk to stake IRISnet?
Yes even by delegating IRIS, the coins are at risk of slashing. If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed. Therefore it is very crucial to choose a professional and trusted Staking Provider.