Figment

Moonriver is a companion network to Moonbeam and provides an incentivized canary network. First, new code ships to Moonriver, where it can be tested and verified under real economic conditions. Once tested and ready, the same code ships to Moonbeam on Polkadot.

 

Rewards At the end of every round (300 blocks), collators are rewarded for their work from 2 rounds ago
Slashing No slashing
Inflation 5%, 2.5% goes to stakers as rewards
Unbonding No unbonding period
Compounding New delegation required

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.

30+ years of experience successfully scaling internet infrastructure companies.

FEATURES & BENEFITS

FEATURES & BENEFITS

 

Active participant in the Moonriver ecosystem.

SECURITY & SAFETY

SECURITY & SAFETY

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

You maintain custody of your MOVR at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake MOVR?

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

Staking Guide & Instructions

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

The easiest way to stake MOVR is via MetaMask

  1. Head to https://apps.moonbeam.network/moonriver
  2. Approve your MetaMask wallet in the top right corner, switch to the Moonriver network
  3. Deposit over your MOVR tokens to your MetaMask wallet
  4. To nominate to a collator, press the “Manage nominations” button where you can choose a collator, and the amount you wish to nominate.
  5. Click “nominate” and then click “approve” to approve the transaction.

Need more detailed instructions?

See full guide

Moonriver FAQ

The Moonriver network token, MOVR, is used for staking, and participation in on-chain governance.

Staking rewards and transfers will begin at the launch of the mainnet.

There is no unbonding period to unstake your MOVR.

You can self-custody your MOVR tokens, ideally using a MetaMask wallet.

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

At the end of every round (300 blocks), collators are rewarded for their work from 2 rounds ago. 

Staking income is not automatically compounded, a new delegation is required.

There are no slashing penalties, your potential rewards depend upon validator performance. 

There is a 5% inflation rate on Moonriver, 2.5% of the inflation is distributed to stakers. 

Additional Resources

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