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Leading the Way with Established & Emerging Protocols
Built for Institutions
Whether you’re staking from your fund or integrating staking into your product, rewards reporting tools, and Figment APIs will save you time and deliver insights.
Asset Managers
Figment’s tailored staking strategies offer unparalleled reward opportunities for asset managers.
Marketplaces & Exchanges
Provide your users with frictionless staking, earn rewards, and secure networks through Figment’s seamless integration for marketplaces and exchanges.
Custodians & Wallets
Figment enables custodians and wallets to integrate staking solutions across established and emerging Proof-of-Stake protocols.
Fund Products
Create digital asset fund products underpinned by Figment’s comprehensive on-chain data sets, offering a robust foundation for your investment strategies.
Foundations
Data Platforms
Staking for Individuals
Effortlessly manage your ETH staking positions while benefiting from our invaluable performance insights and comprehensive rewards reports.
True Non-Custodial Staking
Earn Optimized Rewards
Figment clients benefit from our engineering and protocol expertise to earn consistent staking rewards supported by our safety over liveness approach.
Comprehensive Rewards Reporting
View portfolio rewards tracking via in-app dashboards, reports, or CSV file download for all the validator addresses you track with Figment.
Stake Securely with Confidence
Get access to the same secure infrastructure that leading institutions use, supported by our leading DevOps and technical support teams.
Track Any Address
Use Figment as your staking control center to track and access reporting on any ETH validator or address – whether you stake all or just a portion of your ETH.
On-Chain Billing
Supported by an audited, individual smart contract that automatically pays validator fees on-chain eliminating the need for off-chain invoicing.
Staking FAQ
why stake with figment?
- Figment is one of the world’s largest Proof-of-Stake infrastructure providers, with a mission to build a better Internet by increasing usage of the next generation of Proof-of-Stake blockchains.
- Figment offers token holders a range of benefits, including:
- Enterprise-grade infrastructure allowing token holders to safely and securely earn yield on their tokens.
- Industry-leading dashboards detailing rewards earned and protocol-specific information.
- Industry-leading SLAs and insurance. Figment offers 3 tiers of insurance to protect our clients, our infrastructure, and to reduce the risk of “slashing” penalties.
What are the Advantages of Staking?
For long-term token holders, staking offers an opportunity to put their tokens to work and earn rewards, rather than leaving them idle in wallets.
Staking also plays a crucial role in enhancing the security and efficiency of blockchains. By staking tokens, token holders help make the blockchain more resistant to attacks and improve its transaction processing capabilities.
What is staking?
Staking is the act of delegating tokens to secure and, in some cases, govern networks. Staking differs from Bitcoin and other Proof-of-Work (PoW) networks that rely on high energy consumption “mining” to secure networks.
What is Proof-of-stake?
While the specific implementations of Proof-of-Stake (PoS) may vary between projects, the core principle remains consistent: users commit their tokens to maintain the blockchain’s security. These staked tokens act as a pledge of good faith, deterring any malicious activities and bad actors reinforcing the protocol rules.
PoS is a means to identify who is eligible to participate in consensus, i.e., vote on the state of a network. Broadly, the idea is that a staker will act honestly knowing that some of their tokens can be taken away for misbehavior. Unlike the energy-intensive process of mining in Proof-of-Work, PoS validates transactions through token holders who stake their tokens, significantly cutting energy consumption.
Staking in PoS serves a crucial role akin to mining. It involves network participants being chosen to propose blocks of transactions, which are added to the blockchain, earning block rewards in return. Additionally, stakers play a vital role in verifying the validity of blocks and reaching consensus about the state of the network, ensuring the integrity of the blockchain.
Why does staking produce a reward?
There are costs associated with participating in PoS consensus – hardware,tokens, time, etc – all of these must be compensated to entice participants to engage. Protocols must design their reward system to achieve the minimum staking participation rate. The minimum staking participation rate is somewhat subjective, but is the rate at which attackers are sufficiently discouraged from trying to break consensus; in other words, the gains from attacking the network are more than offset from the losses incurred.
Is staking important?
Arguably, holding a network’s tokens over an extended period gives the holders an interest in the long term health and sustainability of the network, staking makes this explicit and stronger by adding the threat of having tokens away for misbehavior.
Beyond aligning stakers with the long term health of the network, increased staking increases the security of the network as the cost to attack the network increases.
Where do my tokens ‘go’?
Your tokens remain on the blockchain, under the control of your private key. Figment never takes custody of your tokens. The delegated tokens are staked or bonded to a Figment-run validator node.
What happens if I want to unstake?
You are welcome to unstake at any time. Unstaking is typically a very simple process, with unbonding periods ranging from 0-28 days. After the unbonding period, your tokens and rewards are available.
What are the staking risks?
One of the more serious risks is if a validator commits a double signing event – effectively voting for two different, mutually exclusive versions of the network at the same time. Most networks will slash validators for double signing – levying penalties and often removing the validator from the active set for some period of time – sometimes permanently in the case of Ethereum.
Another significant risk is validator key security. Although compromised validator keys don’t often lead to direct theft of tokens, it can lead to adverse outcomes for stakers and must be treated seriously.
Another penalty that some networks issue is for missed rewards – this can happen when validator infrastructure are offline for an extended period of time. These penalties tend to be lower than other penalties though.
Customers’ stake is of prime importance to Figment and our infrastructure and processes have been designed to minimize the risk of slashing and ensure validator keys are secure.
While Figment relies heavily on our architecture, system design, and operational processes to protect against slashing, missed rewards and ensure validator key security, we also offer 3 levels of insurance to protect our clients against loss.
How do I earn my rewards and how do I collect them?
Rewards are earned by participating in consensus, i.e., running validator software on the network. Rewards accrue to stakers and can typically be claimed at regular intervals.
Is this DeFi? Am I lending my tokens?
No. Staking is not lending, and there is no counterparty risk. There is typically less risk involved in staking than other token activities. Activities such as lending and providing liquidity (i.e., “LPing”) to an automated market maker (AMM) come with a few known, significant risks:
- Impermanent loss
- Counterparty Risk
- Lock-ins/ smart contract risk
- Lack of transparency / centralization
Is Figment a quality staking provider?
Yes. Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. Figment is one of the largest non-custodial staking providers on Ethereum. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads to Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem.
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