Figment

Solana is a permissionless, decentralized, and secure smart contract blockchain platform proposing to solve the scalability problem.

Solana encodes the passage of time as data, called Proof of History (PoH), and leverages a verifiable delay function (VDF) to reduce transactional overhead between nodes in the network. 

Solana is designed for decentralized applications that demand high throughput. Its architecture enables transactions to be ordered as they enter the network, rather than by block. Its uses cases include, decentralized exchanges, payments, micropayments, and distributed storage. 

Stake Now

Market Cap

$11,351,996,532

Price

Rewards Distributed every epoch (2 days)
Slashing Via governance vote
Inflation 8% deflating 15% every year
Unbonding 2 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 SOL holders.

30+ years of experience successfully scaling internet infrastructure companies.

FEATURES & BENEFITS

FEATURES & BENEFITS

Figment Prime & discounts available for large SOL holders.

Active participant in the Solana 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 SOL at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 10,000 SOL?

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

Staking Guide & Instructions

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

  1. We recommend using https://www.solflare.com wallet and Ledger. 
  2. Enter the amount of SOL you want to use to fund your new stake account. This amount will be withdrawn from your wallet and transferred to the stake account. Don’t transfer your entire wallet balance because your wallet is still used to pay any transaction fees associated with your stake account.
  3. After you submit and sign the transaction, you will see your new stake account appear in the box labeled “Your Staking Accounts.”
  4. From the Staking dashboard, click “Delegate” on the right side of a stake account. Select the validator you wish to delegate to from the drop-down list – click Delegate.

Figment's Validator Address

Need more detailed instructions?

See full guide

Solana FAQ

Solana Beach is Solana’s network explorer.

We recommend using the SolFlare wallet to stake.

Check out the Solana team’s docs for other wallet options.

Solana’s native token, SOL, will be used for staking and transaction fees.

Solana also has a wrapped token, SPL. It is the standard for synthetic token creation and exchange. 

Transfers are currently enabled.

Staking rewards were fully enabled on Feb 10, 2021.

From the time you begin staking, it will take about 48 hours to begin earning staking income.

From the time you stop staking, it will take about 48 hours for your tokens to be liquid (ie. before you can transfer or trade them).

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

When you stake your SOL, the Solana protocol controls your tokens (not your validator) until you unstake.

Unstaking takes about 48 hours from the time you initiate the process.

Delegators will be slashed up to 100% via on-chain governance if their validator signs illegal transactions or votes for an illegal fork. Downtime slashing is not enabled on Solana at this time.

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.

Right now, the inflation rate is around 8% of the total supply, set to decrease by 15% per year until reaching a floor of 1.5%.

Solana uses token voting for on-chain governance. Governance proposals are discussed on the Solana forum.

Long-term governance will be conducted under the Solana Foundation, a Swiss non-profit entity established in June 2019. Various stakeholder groups within the Solana community (such as validators, replicators, users, developers, and token holders) will elect the foundation’s board.

Additional Resources

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

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Solana: Staking and Delegating SOL

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