We’re excited to announce support for staking on the IOTA mainnet. IOTA token holders can now stake with Figment to earn IOTA rewards and help secure the IOTA Layer-1 network, while benefiting from Figment’s secure infrastructure, rewards tracking, and expert support.
What is IOTA?
IOTA is a Layer-1 network built to power on-chain applications. Its goal is to facilitate secure, trusted and verifiable blockchain interactions between entities like governments and enterprises alongside builders, focusing on features like high transaction volume, low latency, flexible interactions across networks, and customizable asset behavior, to optimize for real-world applications.
Unlike traditional blockchains, IOTA uses a directed acyclic graph (DAG) architecture with multi-VM smart contract support, leveraging MoveVM on the IOTA Layer 1 and the EVM via a sidechain. IOTA recently introduced a delegated Proof-of-Stake (DPoS) upgrade as part of its Rebased Protocol initiative, bringing support for smart contracts, new governance mechanisms, and a fully decentralized validator set.
This unique combination of features unlocks multiple benefits:
- IOTA’s DAG architecture improves the network’s scalability by allowing parallel transaction processing, with validators able to propose blocks simultaneously to maximize network bandwidth while ensuring censorship resistance.
- Employing MoveVM for its Layer-1 brings the benefits of Move’s focus on security and efficiency to IOTA, supporting smart contract capabilities for complex applications and digital asset management. Move’s syntax and object-centric design can also be more approachable for developers accustomed to traditional programming languages, which streamlines Web2-to-Web3 development.
- Maintaining its EVM-compatible Layer-2 solution ensures that IOTA remains accessible to the large pool of Ethereum developers and allows for the easier migration of dApps to IOTA, providing interoperability with the extensive tooling and broad community of the Ethereum ecosystem.
- IOTA’s multi-VM design offers developers a uniquely high level of flexibility, allowing them to choose the virtual machine environment that best suits their project’s specific requirements, technical expertise, and target audience.
Why IOTA Matters
As real-world adoption of blockchain expands, IOTA stands out for its focus on enterprise, government, and real-world assets, with:
- Instant unbonding and compounding rewards
- Emerging DeFi and tokenization applications through smart contract support
- A broad and growing ecosystem focused on supply chains, RWAs, digital identity, and smart city infrastructure
IOTA is becoming a critical infrastructure layer for bridging the physical and digital economies.
Figment’s Role in IOTA
Figment is now operating a public validator on the IOTA network, allowing institutional token holders to securely delegate IOTA and start earning rewards. With our robust infrastructure, real-time monitoring, and 24/7 support, Figment ensures a seamless staking experience from the outset.
Ready to stake IOTA? Reach out to our team or schedule a call to get started.
