IRISnet Delegation Guide

Terminet
7 min readApr 14, 2022

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In this article, we will explain how you can quickly and easily delegate $IRIS to a trusted validator in the IRISnet network.

Why should you delegate your IRIS tokens?

Contribute to the security and decentralization of the network by taking part in the validation process

Earn Staking rewards by delegating and protect against network inflation

How to Delegate with the Rainbow Mobile App

Setp One: Install the Rainbow wallet

To install the app, we recommend to directly use your phone and go on the Rainbow Wallet website: https://rainbow.one/, Google Play Store or Apple Store. Android devices can also be installed directly by downloading the Android APK package locally.

The following instructions are based on the Android APK installation method, the iOS device installation is almost identical.

By clicking on Android, a message will pop up asking you if you really want to download it. Just click[approve], and the app will appear on your downloads.

When you have finished downloading and clicking on the installation package. Normally, you should receive a message telling you that your phone blocks apps from unknown sources.

Don’t worry, this is normal, all you need to do is go to Settings, approve the app and allow the installation of apps from sources other than the Play Store.

When this is done, just click on [install] and the wallet should normally be downloaded and installed on your phone.

Step Two:Create or import an account on Rainbow Wallet

Open the Rainbow Wallet, the first time you enter you will need to create or import an IRIS wallet

If you already have a previous wallet you can also import it or just use the app to watch your wallet. In this tutorial, we will see how to create a wallet.

Click on [Create Wallet] and you can choose to create a multi-chain wallet via RainbowID (recommended) or select IRIS Hub to create only an IRIS wallet.

When you create the wallet, make sure to register your mnemonic correctly and in a safe way(must be recorded in order). Please don’t share these words with no one, if someone is asking you for this information it is most likely a scammer!

It is very important to keep the mnemonic, i.e. seed phrase, in a safe place, as you will need it to recover your wallet if something happens.

With this done, you will now be able to access your wallet!

Step Three:Deposit your $IRIS to this wallet

If you do not have IRIS in your wallet, you can transfer it from another wallet or purchase it from an exchange.

On the “Assets” page, click on the wallet address at the top to display your wallet address and QR code. Deposit the required $IRIS amount to your account by sending it to your wallet address.

Step Four:Stake your $IRIS to a validator

Once the wallet is open, click on the wallet “Stake” at the bottom of the screen to access the Stake module where you will need to click on the following to entrust your tokens

  • Click on “Validators” to go to the Validator tab
  • Select the validator you wish to delegate to, based on criteria such as uptime, commission rate or reputation, and click on the validator name to see the details.
  • Once confirmed, click on “Delegate” in the validator details
  • On the Delegation page, select the amount you wish to delegate and submit the transaction.

Terminet has been running 100% uptime with no error blocks since its launch, as well as charging only 10% commission and high delegated yields, so we look forward to your delegates.

View Terminet validator information (Terminet) here: https://www.mintscan.io/iris/validators/iva194s9c46x6vr9drynsm5dupkeleqzejtszmxdnx

How to Delegate with the Keplr

Step One: Create an account on Keplr Wallet

(1) Go to this link and click the [Add] button

(2)[Add “Keplr”] window will show off. Here you have to choose [Add Extension]

(3)At the end of the download, you can start to interact with your browser extension by clicking on it.

(4)A new tab will now open. Here you have the option “Create New Account” and click on it.

(5)Time to claim your unique Mnemonic Seed and set your Keplr Wallet password!

  • Make sure to copy and save your Mnemonic Seed at a save place
  • Set a password you’re not using in any other application

(6) Verify your Mnemonic seed by choosing them in the correct order.

(7) Your Keplr Wallet is now ready!

Congratulations!

Step Two: Deposit your $IRIS to this wallet

(1) Click on the Keplr Icon on the top-right side of your window to open it.

(2) Make sure [IRISnet] is selected from the dropdown menu at the top.

(3) Select [Deposit] and the wallet will show you the address and the associated QR code. Fund your account by sending the desired amount of $IRIS to your Wallet Address

(4) Once you’ve sent IRIS to your Keplr wallet, you will visualize the available balance.

Step Three: Stake your $IRIS to a validator

(1) Select [Stake] on Keplr, you will be redirected to the web version of the wallet.

(2) Find “Terminet” on this page and click on “ Manage”. Then click on “ Delegate” to continue.

(3) In this new window, you will be asked to select the amount of IRIS you want to delegate to that validator. Once you have entered this field, press [Delegate] again to continue.

(4) The next screen is about the choice of the desired commission for the payment of the transaction on-chain. It is the same as before.

If the details displayed match your requests, click [Approve] to complete the transaction.

The transaction is successful and welcome to IRIS network. Don’t forget to claim your rewards from time to time as it’s not automatic. Enjoy your journey from here and have fun.

If you have any questions during the staking process, please feel free to reach out to us using our social media channels as below

Website | Medium | Twitter |Telegram | Discord

About Terminet

Terminet is a professional Staking and ecosystem service provider. The core team consists of experienced developers, product and operations experts and blockchain enthusiasts with more than 5 years of experience in the blockchain industry.

Terminet has years of technical expertise in distributed high performance computing, node infrastructure, network, hardware, API support and storage for the Web 3 ecosystem, and is dedicated to helping investors and ordinary Token holders profit from digital assets. Build a reliable, secure and easy-to-use web3 infrastructure service layer to lower web3 connecting barriers and web3 application development thresholds, powering web3 development.

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