Figment

The Keep Network enables privacy options for Ethereum applications and users. “Keeps” will hold small amounts of data in the secure, distributed Keep Network, includes two core applications.

  • The Random Beacon provides a source of verifiable randomness. No one, including the signers, knows who the signers are. They are selected by the Random Beacon. 
  • tBTC lets Ethereum smart contracts lock BTC on the Bitcoin Network and mint Ethereum-based tBTC tokens, which are backed by real BTC. The tBTC application leverages Keep’s ability to keep small amounts of data enable the network to store a private key without revealing the key to anyone.

Stake Now

Market Cap

$284,275,082

Price

$0.5668

Rewards Distributed automatically every block
Slashing 100% for double signing and 100% for 90 minutes of downtime
Inflation 18% of supply will be awarded to delegators
Unbonding 60 day unbonding period
Compounding Rewards are automatically restaked

Optimizing Staking With Figment

Figment offers peace of mind to its customers and provides the most complete staking experience in the industry

Experienced & Trusted

Experienced & Trusted

Figment is a venture funded, registered Canadian company based in Toronto. Canada offers stability, rule of law and clear crypto regulation.

Serving the world’s largest KEEP holders.

30+ years of experience successfully scaling internet infrastructure companies.

Features & Benefits

Features & Benefits

Active participant in the KEEP ecosystem.

Third-party custody solutions are available through our institutional partners. 

Security & Safety

Security & Safety

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

You maintain custody of your KEEP at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 400,000 KEEP?

Get in touch with our team to discuss Prime customers advantages and unlock the full Figment experience

Staking Guide & Instructions

Stake your KEEP tokens in a few clicks by following these steps:

Keep delegations are different than those of other popular staking networks. You’ll first need to contact Figment via: contact@figment.network

Once you have your KEEP, ensure that Figment has provided you with the addresses required for your delegation. We will give you unique addresses that are specifically for your delegation.

  1. Begin with the Metamask Chrome extension running on the Ethereum mainnet, and connect your Ledger to Metamask.
  2. You can then use the KEEP token dashboard’ here. Select MetaMask for your wallet.
  3. Begin by designating Figment as your operator: 0xFigmentAddress (we will create one for you)
  4. Authorizer should be set to a provided Figment address: 0xFigmentAuth (we will provide this)
  5. Beneficiary should be set to a provided Figment address: 0xFigmentBank (we can provide this)

Need more detailed instructions?

See full guide

Keep FAQ

The easiest & most secure way to stake KEEP tokens is to delegate, and you can do that with the Figment team. Check out our guide here.

Figment will provide instructions, support, and information about the risks involved: contact@figment.network

Keep’s native token, KEEP, is used for staking and DAO governance voting. 

Staking rewards and transfers are currently enabled.

Good question!

KEEP is a work token. This means that instead of validators being selected based on the amount of stake that they have available, they are elected based on the amount of work that they can do. In return, they receive KEEP as a form of rewards. 

Work opportunities are awarded randomly, but over time, the amount of work a delegator is chosen for will be proportional to the amount of KEEP delegated. Read more about KEEP’s token design here

Stakers will also capture fees from network transactions, so as NETWORK transaction volume increases, TOKEN stakers will earn more than new issuance subsidies.

The KEEP also gives stakers the right to vote on policy decisions for how the Keep will operate.

 

From the moment you initiate the unbonding process, it takes 60 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your Keep tokens.

You can self-custody your Keep tokens, ideally using a Ledger hardware wallet.

Figment has partnerships with a number of top-in-class custodians: support@figment.io.

While your KEEP is staked, you may participate in on-chain governance by voting on different proposals.

Yes, a portion of your staked KEEP can be destroyed. There are a couple of ways this can happen:

If you delegate to a validator that is offline for over 90 minutes (or 384 blocks), you will lose 100% of the validator’s minimum stake.

The biggest risks come from intentional, malicious behavior. If your operator’s node attacks the Keep Network, the network will slash or seize all of the delegated funds.

Staking income on Keep is automatically distributed every block. Figment is never in control of your rewards.

Staking income is staked automatically, which means you will need to unstake to withdraw your staking income.

Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.

The KEEP supply is a fixed amount of one billion tokens, and 2% of the supply (20M tokens) will be awarded to KEEP stakers as a subsidy for an initial period.

 

Keep uses a multi-signature organization to make off-chain changes and a decentralized autonomous organization (DAO) to make on-chain changes to the network. See recent proposals on Snapshot.

Additional Resources

Want to learn more about Keep? Check out our latest articles

Figment’s First Look: Keep Network

Keep Network is launching, and staking begins May 4, 2020. Staking will be easy--simply to delegate to a pro Keep...

Keep Network: Guide to Staking KEEP

The easiest & most secure way to stake KEEP tokens is to stake with a professional operator. This Figment's guide...

Staking Hub: Keep AMA

The Keep mainnet has launched and tBTC is imminent. On Apr 24, Matt, Carolyn, and Sloan joined us to answer...