Why Stake with Figment?

Experienced & Trusted

Experienced & Trusted

Currently running nodes on Polkadot and Kusama, Polkadot’s canary network. 

Serving and trusted by many original Polkadot investors.

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

Features & Benefits

Features & Benefits

Fully managed non-custodial reward optimization service accross all network nodes.

Discounts available for large DOT holders. Contact us for more information.

100% missed reward SLA guarantee.

Active governance participant in the Kusama/Polkadot communities. 


Security & Safety

Security & Safety

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

You maintain custody and control of your DOT tokens at all times.

Third-party custody solutions are available through our institutional partners. Contact us for more information. 



Track real-time, historical, and future estimated returns.

Protected via industry-leading Delegation Agreement.

Nominating Guide & Instructions

Our full staking and nomination guide is here.

When you nominate Figment, be sure to add all of the Figment validators to your list. Using Polkadot{.js} you can simply search ‘Figment’ or manually add each of the following addresses. Note that the protocol will automatically optimize your stake:

  • 138QdRbUTB9eNY94Q4Mj5r39FkgMiyHCAy8UFMNA5gvtrfSB
  • 16a4Q1iudXznPBx3CzJRaxXtYNenzGAZXdBZZkc5KrNxLXFP
  • 148TcjWBiBQT4oYE6EGY4Q94242sFnaG4g1gogJhe2Yhiz8N
  • 12NEHw7QgwX61xGe9kahhVqMGCi6MY8fq6iBcwNJvj3Y7Nwj

DOT owners are also entitled to claim KSM (Kusama) tokensContact us for more information about staking DOT with Figment.

Fiat-to-Token Exchange

Please see our comprehensive guide on fiat to crypto on-ramps for all staking tokens.

View Guide

Learn More

Polkadot is a scalable, heterogeneous, multi-chain technology. The platform allows diverse blockchains to transfer messages and value in a trust-free fashion. This means that Polkadot’s parachains can share their unique features while pooling their security. 

The Web3 Foundation contracted Parity Technologies to build Polkadot. Web3 was established by Gavin Wood, one of the co-founders of Ethereum. 

Polkadot’s primary use case is to enable interconnectivity between chains, regardless of their features or status as a private or public chain. Interoperability lets diverse chains perform arbitrary messaging – including value.

This interoperability could encompass privacy-oriented projects, forks, permissioned chains, and more. Polkadot will allow all parties to take public and private chains and “plug them in” to a shared connectivity layer. These parachains can choose to maintain their own validator set or use Polkadot’s pooled security system to verify their transactions via the Relay Chain. With Polkadot, the features of one chain can be potentially leveraged on another.

Frequently Asked Questions

What is Nominated Proof of Stake (NPoS)?

Polkadot uses Nominated Proof of Stake (NPoS) as its mechanism for selecting the validator set. The system encourages DOT holders to participate as nominators that elect the validators that may participate. Nominators may choose up to 16 validators as trusted validator candidates with which to stake.

Validators will assume the role of producing new blocks, validating parachain blocks, and guaranteeing finality. Nominators can select validator candidates. This process enables the protocol to potentially select and back some of these validators with their nominators’ stake.

The protocol will pay out rewards equally to each active validator. However, the distribution of the rewards is pro-rata to all nominators (less validator commission fees). In this way, the network incentivizes the nomination of lower-staked validators to create an equally-staked validator set.

You can find more information here.

What are my “stash” and “controller” accounts?

There will be two different accounts for managing your funds: stash and controller.


The controller key is used to start and stop validating or nominating. You’ll need a small amount of funds in this account to pay for transaction fees. The controller account can be changed at any time by the stash account. This key is semi-online, meaning it will connect internet frequently.


Stash key is intended to hold large amounts of funds. It’s considered off-line, making it more secure than controller keys. The stash account is used to designate a separate address called the ‘controller’ to make staking decisions without giving the controller direct control over the “stash” funds.

Why two accounts? Security is prioritized for the ‘stash account.’ Keeping its funds in cold storage eliminates the risk of exposing the stash account’s private keys while making transactions.

How does Figment offer a fully managed optimization service without taking custody of my tokens?

Polkadot will allow token holders to point their Stash account to any Controller account.

With Figment’s fully-managed service, DOT holders can point to a Controller account we control. This enabling us to optimally nominate your chosen validators to maximize the amount of rewards generated.

With NPoS validators will need to spin up new nodes and reallocate nomination to not overload nodes.  Our fully managed services will optimize returns on your behalf.

Do I maintain custody and control of my DOT token when staking?

Yes, your DOT will stay in your stash account, which you control at all times. Figment’s service is non-custodial and allows nominators to use any custody method that they choose.

Can I use a custodian with Figment?

You will maintain custody of your DOT at all times in your stash account. You can nominate while your DOTs are in cold storage, allowing holders to work with any custodian efficiently. 

All DOT token transfers, including rewards, are processed within the Polkadot protocol. Figment never has custody of your tokens or rewards. 

After unstaking, there is a 28-day unbonding period before being able to transfer your tokens. During this unbonding period, your DOTs do not earn rewards and are illiquid. They are kept bonded for 28 days to be held responsible (i.e., slashed) for any protocol violations their backed validators may have committed since detecting these violations can take hours or days to detect and prove.

What are the risks of staking DOT?

Nominated DOTs are subject to Polkadot slashing conditions.

Figment provides a 100% missed reward guarantee for any missed rewards due to liveness (downtime).

Your tokens are subject to a potential slashing if a validator “double-signs.”

See how Figment approaches infrastructure and operations to protect against double signing here and  here.

What is "slashing" in Polkadot?

In Polkadot, validators with poor performance or violate protocol rules will have a percentage of staked tokens slashed.

Slashing occurs when a validator signs two blocks at the same height. This is called an equivocation. This is most likely to happen when a validator mistakenly activates a backup validator when their primary validator is still online.

Slashing can also occur for being offline, but it only happens when at least 10% of the network goes offline simultaneously, and it’s a much smaller penalty.

Figment has therefore prioritized avoiding equivocation over liveness (uptime).

Be cautious of validators that either only has cloud-based infrastructure or complicated software-based redundancy systems aimed at minimizing liveness. Complicated redundant backup systems that optimize for uptime can result in double signing and up to 100% slashing.

Does Figment charge additional fees when asked to nominate third party validators while controlling a client’s stash account?

Fees are charged at the validator level, not the controller level.  So if you bond your stash to our controller, and we then nominate one or more Figment validators and one or more other validators, we only charge fees on the Figment ones.  We also would remain non-custodial – rewards will be paid directly to the stash account, so we never touch tokens that you receive “from” third-party validators.

How long is an era in Polkadot?

An era in Polkadot is 1 day. 

Could a user’s use one account for staking?

If you have sizeable holdings, consider using two accounts. Put most of your holdings in your stash account and several DOT in your controller account.

Your controller account can be used to vote and nominate conveniently while your funds stay stored securely in your stash account.

The several DOTs in your controller account are used to pay for transaction fees involved with nominating and voting.

How do validator fees work?

In most Proof-of-Stake protocols, validators earn a fixed percentage of rewards. However, in Polkadot, every validator node receives a fixed amount of DOT tokens, and the remaining are distributed to nominators on a pro-rata basis.

Therefore, the effective price you pay to your node operator is the pro-rata share of remaining rewards after the validator’s fixed fee has been deducted.  

Those rewards are distributed on-chain at the end of 24 hours (known as an epoch).

How do I claim my rewards?

You must manually claim your rewards via the Polkadot Explorer

Staking rewards are kept available for 84 days.

If you do not claim your staking rewards by this time, you will not be able to claim them, and those staking rewards will be lost.

You can learn more about how to claim your rewards here.

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