Iris

What is Iris?

IRIS Network (IRIS) or simply IRISnet is a blockchain built on Tendermint and Cosmos SDK and interoperable with the Cosmos ecosystem through the IBC protocol. Iris acts as a hub for blockchain communication and applications.

IRIS hub features a service protocol that coordinates on-chain transaction processing with off-chain data processing and business logic execution. By introducing so-called service semantics in the network, IRIS aims to create an innovative technology that makes a whole new set of business scenarios possible.

The interoperability supported by IRISnet is convenient for applications requiring off-chain and inter-chain information exchange and collaboration. Examples include privacy-preserving healthcare data exchange, inter-chain marketplace, digital assets exchange for supply chain finance, and more.

IRIS is the native cryptocurrency of the Iris network used to pay for transaction fees, delegating and staking for the consensus mechanism, as well as creating and voting for governance proposals.

What is IRIS staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as IRIS) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as IRIS does not require stakers to transfer their tokens to validators. It is a non-custodial process.

Why is Stakin a great choice for Iris staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator. By delegating to Stakin, you contribute to network decentralization by choosing a smaller validator.

Stakin is an excellent choice for staking your Iris (IRIS) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin has been a part of multiple IRIS Hub testnet iterations, including Nyancat and Bifrost, and a contributor to the testing and development of crucial smart-contract, staking, and IBC features. We have been operating on Irisnet since 2019.

Stakin currently supports 20+ Cosmos networks. As a community contribution, Stakin provides public RPC nodes and IBC Relayers connecting the IBC ecosystem of networks together.

There are several advantages when staking your IRIS tokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001-certified staking provider

• Tracking dashboard, to easily track and generate reports for the performance of your staked assets

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

• Dedicated support for all your staking, unstaking, and network-related questions

• Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Iris (IRIS) Staking?

As an institutional-grade Iris Network (IRIS) node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

• Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

• Dedicated Account Manager to answer all your technical and commercial questions

• Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

• Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

• Automated commission and reward management with clear reporting

• 24/7 monitoring and alerting with a private dashboard for dedicated and whitelabel nodes

• Free premium access to Stakin Dashboard which includes staking data visualization across any validator and premium historical data features (on selected networks)