Staking IRIS with StaFi
How to Stake IRIS with StaFi
Required Wallet
Keplr
- Download Keplr from the Keplr Website.
- Once installed, follow the prompts to import or create a new wallet address
Visit IRIS staking page
Visit the rToken App and click the “Stake” button.
Connect wallet
Click on the “Connect Wallet” button to connect your Keplr wallet.
Input staking amount
Enter the amount of IRIS you would like to stake. Review the amount of rIRIS you will receive and the Annual Percentage Rate (APR) for staking. Click the “Stake” button to proceed.
Confirm transaction and await for confirmations
Upon clicking “Stake”, you will be redirected to your Keplr wallet. Confirm the transaction details, including gas fees. To proceed, click on the “Approve” button to sign the transaction. Wait for the transaction to be confirmed and the staking operation to be completed successfully.
Do not edit the memo shown on the Keplr transaction. Editing the memo will cause the transaction to fail.
Track rewards
Monitor your staked IRIS and its rewards by visiting your Profile.
The rIRIS Token
rIRIS: https://www.mintscan.io/stafi/assets
Additionally, rIRIS holders can participate in liquidity mining. To learn more about this opportunity, please visit this page.
Commission Fee
10% of IRIS staking rewards and 0.2% redemption fee will be allocated to StaFi DAO.
Unstake
Visit IRIS unstaking page
Visit the IRIS unstaking page, and proceed by clicking on the “Unstake” tab.
Input unstaking amount
Enter the desired amount of rIRIS you would like to unstake, and proceed by clicking on the “Unstake” button.
Confirm transaction and wait for confirmations
After clicking “Unstake,” you will be redirected to your Keplr wallet. Confirm the spending cap of IRIS and approve it.
Once confirmed, a second transaction pop-up for staking will appear. Confirm the transaction details, including gas fees. Click the “Confirm” button to sign the transaction.
Wait for the transaction to be confirmed and the unstaking process to be completed successfully.
Note: Unbonding rIRIS takes 21 days. IRIS will be sent to your wallet after the unbonding period has ended.
