Figment

Persistence is a protocol that is built specifically for Decentralized Institutional Finance Applications. The architecture has three different layers to aid developers in creating solutions to traditional financial hurdles. Persistence aims to have a layer of decentralized financial applications with a level of interoperability that will allow for seamless transfers of value across borders.

Stake Now

Market Cap

Price

Rewards Distributed automatically every block
Slashing 5% for double signing, 0.01% for downtime
Inflation 49% decreasing 6% every 6 months
Unbonding 21 Day unbonding period
Compound 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

Our Commission rate is 10%.

Active participant in the Persistence 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 DVPN at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 30,000 XRPT?

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

Staking Guide & Instructions

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

  1. Connect your Sentinel wallet on https://wallet.persistence.one/dashboard/wallet and your Ledger device.
  2. Navigated to the top bar and clicking “Staking” and find Figment on the list.
  3. Click on Delegate, specify the amount, and follow the prompts. While there is no need/obligation to put a memo unless you wish to. Similarly, you can claim rewards, undelegate, send or receive tokens.

Figment's Validator Address

Need more detailed instructions?

See full guide

Persistence FAQ

Persistence’s native token, XPRT, is used to stake and to participate in on-chain governance.

Transfers are currently enabled.

Staking rewards were fully enabled on April 1st, 2021

Initially, XPRT is being staked to earn new issuance (“inflationary”) subsidies. That means that the XPRT supply will increase, and stakers will capture the newly issued XPRT. Generally, you will earn around 35% annually on your staked XPRT, but that can change. Since staking rewards are tied to inflation, read about how inflation and rewards are related here.

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

The XPRT also gives stakers the right to vote on policy decisions for how the Persistence will operate and distribute treasury funds.

From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time, you will not earn rewards. When the process is complete, you can transfer/trade your XPRTs.

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

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

 

The Persistence protocol takes control of your XPRT tokens while you are staking. If you unbond your tokens, this process will take 21 days before the protocol returns your tokens to you. While your XPRT is staked, you may participate in on-chain governance by voting on different proposals.

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

  1. If you delegate to a validator that is offline for a certain amount of time (9,500/10,000 blocks), you will lose 0.01% of the tokens you have delegated to that validator.
  2. If you delegate to a validator that signs the same block twice with the same key, you will lose 5% of the tokens you have delegated to that validator.

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

 

Staking income is liquid, but you will need to claim it.

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

The new issuance (“inflation”) rate is around 35% of the total supply. The network will cut its inflation in half every two years, and the maximum supply is expected to be reached by 2035.

Persistence uses token voting for on-chain governance.