What is Aptos?
Aptos is a high-performance Layer 1 Proof-of-Stake protocol that aims to be one of the safest and most scalable protocols, built for upgradability and designed with user experience as a core focus. Unlike most protocols, which are built on commonly known smart contract languages such as Solidity and Rust, Aptos is built using the Move programming language along with the Move Virtual Machine for dApp development.
What to Know About Aptos Before Staking
Aptos Token
APT is the network’s native token and is used for transaction fees, protocol staking, governance, and more
Aptos Governance
The Aptos on-chain governance process allows community members to create and vote on proposals minimizing the cost of protocol upgrades. Users can vote on on-chain proposals via the Aptos Governance module.
Key Aptos Staking Considerations
Before staking Aptos, it is important to understand a few key staking considerations:
- Unbonding period: 29 days
- Auto-Compounding: Yes
- Reward Frequency: Per epoch
- Slashing: No slashing enabled
- Minimum amount of stake: 11 APT
Choosing a Validator to Stake Aptos
Choosing the right validator for staking Aptos tokens is a critical decision for any investor seeking to optimize their rewards while minimizing risks. The role of a validator is pivotal in maintaining the network’s integrity and ensuring consistent rewards. This is where Figment stands out as a leading Staking-as-a-Service (StaaS) provider, through our robust and transparent infrastructure, we’re able to optimize for uptime and efficient network participation, both of which are crucial for maximizing staking rewards.
By choosing Figment as your validator for staking Aptos, you’re not just participating in network security and governance; you’re also aligning with a leader in the staking industry known for its reliability, security, and customer-centric approach.
How to Stake Aptos
Before getting started staking Aptos, you will need to install a wallet with Aptos APT tokens. For the purpose of this guide, we will be using the Martian Wallet.
Open the Aptos Block Explorer
To get started, head over to the Aptos block explorer for the Figment validator.
If you need to manually input Figment’s Aptos validator address, paste the following address in: 346361873c235e1a300fd67a2e8b7bd1ea3744001b2e0d1942317c4c8521f5dd
Click the “Stake” button
Click the “Stake” button on the right-hand side of the page to proceed with the staking process. This button will prompt you to connect a wallet.
Connect an Aptos Wallet
Connect an Aptos wallet, for this guide, as a reminder, we are using Martian Wallet. Once you connect your Aptos address, you can proceed with the staking process.
Enter the amount of APT you want to Stake
Enter the amount of APT you wish to stake, and click “Deposit” on the page. Once you click “Deposit” you will be prompted to confirm the transaction on your wallet.
Wait for the transaction to be confirmed on the blockchain. Congratulations! You successfully staked Aptos with a Figment validator.
Claim Rewards
Once you have successfully delegated your APT, you can view your delegations in your wallet, or directly on the block explorer. From there, you will have the option to deposit additional stake or withdraw accumulated APT rewards.
Staking with Figment
Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 250 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. Figment’s institutional staking service offers seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.
Figment’s Protocol team has extensive Aptos knowledge intended to help dive into the specifics such as rewards and staking information. Meet with us to learn more about staking.
The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.
