Why Stake with Figment?

Experienced & Trusted

Experienced & Trusted

Baking since 2018. See Figment’s Tezos Baking Stats below.

Multiple grant recipient from the Tezos Foundation. We are building Baker Hub, a post-delegation tool for staking participants to track their baker’s performance with alerts.

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

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

Security & Safety

Security & Safety

The world’s most advanced physical IDC + cloud staking infrastructure, including redundant Ledger hardware devices.

Near 100% uptime and baking & endorsing rights success rate, with 0 missed or delayed reward payments.

You maintain control of your Tezos XTZ at all times, and your tokens are always liquid.

Features & Benefits

Features & Benefits

Receive 92% of staking rewards (8% fee).

Figment Prime available for > 100,000 XTZ.  Contact us for more information.

Automated, instant, error free rewards payout every cycle enabled by our custom BakerOS software.



Don’t sweat tax season!

Stay up to date and track your real-time, historical, and future estimated returns, including cycle-by-cycle view of every bake and endorse via our custom baker dashboard.

Protected via industry leading Delegation Agreement.

Calculate your rewards

How many Tezos tokens do you have?


48% full (~5232895 headroom in upcoming snapshot)

Currently Baking

2,548,123 Tezos

Cycle 348

Total Rewards

241,411 Tezos


Projected vs Actual Rewards


Last 5 Cycles

Exercised Rights


Last 5 Cycles


Our Baker Address:


We recommend using a Ledger device for self-custody.

Fiat-to-Token Exchange

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

View Guide

Learn More about Tezos

Tezos is a secure, smart contract blockchain platform that uses its built-in governance mechanism for protocol upgrades. Tezos is one of the first blockchain platforms to introduce a formal on-chain governance process. The Tezos network is highly decentralized with over 500 nodes distributed globally.  Tezos’ smart contract language, Michelson, is designed to facilitate formal verification, a technique used to improve security by mathematically proving properties. This technique, if used properly, can help avoid costly bugs and contentious debates that follow.

The Tezos token (XTZ) incentivizes the bakers/token holders and to participate in the on-chain governance process.  Bakers must put XTZ at stake in order to participate and earn baking rewards for securing the network. You don’t have to be a baker to vote or earn rewards–you can delegate your stake to an existing baker such as Figment. 


Frequently Asked Questions

Do I maintain custody and control of my XTZ when staking (baking)?

You keep custody of your XTZ.

Your XTZ stay in your wallet and you can change your delegation at any time

Your XTZ are completely liquid, with no unbonding or holding periods.

What are the risks of staking XTZ?

Our “100% No Missed Bakes or Endorses Guarantee”  means that even if we miss a bake/endorse, your returns will not be affected.

There are slashing penalties in the Tezos protocol that delegators are not directly exposed to.

What is your fee structure?

As a company, we strive for transparency and openness:  You keep 92% of all rewards.  Our fee is 8%.  We use these fees to cover operational costs and to reinvest back into building tools and software to support the long term growth of Tezos.

Here is the formula for calculating your reward:

block_reward / (priority + 1) * (0.8 + 0.2 * endorsements / 32) *
(Your Delegation / Total Staked Balance) * 92%

Our payouts are dynamic.   When the rewards are higher, we return the higher rewards to you. Some delegation services may provide a static payout, meaning that there is a cap to your rewards received. We believe this practice to be unfair to our staking customers.

How and when do I receive my rewards?

Once delegated, it takes ~21 days (7 cycles) to qualify for rewards and a further ~15 days (5 cycles) to receive your rewards, as per the Tezos protocol.

We have a fully automated the process of reward distribution to ensure accuracy and timeliness of reward distributions.

Where can I check my rewards?

We will show all past and projected future activity including delegation totals, reward amounts, and payouts, including the operation hash of the payout.

You can check your rewards at Baking Bad or at tzstats.

What happens if Figment's baker is over delegated?

Figment is venture funded and has the resources to increase its required “roll” as new delegations are staked to our baker.

Can you describe your operations and security processes?

The Figment baker operates out of a secure and redundant, Tier 3 Internet data centre (IDC) in Ontario, Canada.

We bake with a set of redundant Ledger Nano S devices that never leave the data centre and have restricted physical access.

Our payout system uses a separate set of signing Ledgers that are locked in a bank vault with limited physical access.

To eliminate mistakes and ensure the fastest possible transfers, our payout system is automated and runs a full simulation before sending XTZ. In addition, we have written and open-sourced BakerOS management software to automate most aspects of running the Figment Bakery.

Our experience in operating and monitoring data centres allows us to maintain a near 100% rate of exercising our baking and endorsing rights. Our network infrastructure is automated and continuously monitored, and 24/7 alerts are configured around all key operations.

What is the bonding period? Unbonding period?

There is no bonding or unbonding period.


What is the calculation for each type of reward?

The current Tezos protocol increases the token supply by approximately 5.51% in the first year (based on constant block rewards of 16 XTZ/block and a full 32 endorsements).

This means that if all Tezos token holders bake with all of their tokens (i.e. the entire Tezos supply), baking rewards would be near ~5.51% per year. However, given variance in time preferences, knowledge, and capabilities, it is unlikely that all token holders will bake and the expected return on baking is in practice greater than 5.51% a year. By illustration, if 50% of the Tezos token supply is being staked, the baking reward will be closer to 11% (double the inflation rate).

How are rewards disbursed?

Rewards are distributed directly to the baker. They then have ownership of the tokens and it is the baker’s obligation to distribute the rewards to their delegators. As such, there is a relationship of trust between delegators and bakers, since the latter could technically run away with unpaid rewards.

Are rewards considered liquid (available) or are they locked for a period?

Both baking and endorsement rewards are locked for a full 5 cycles (about 14 days, 5 hours and 20 minutes) from the time those rewards were earned by the baker. Only after this time period can bakers start distributing the rewards to their delegators.

Can a validator be slashed?

Validators risk of losing 512 XTZ if they double-sign and 64 XTZ if they double-endorse.

Delegators’ funds are never at risk, as only the self-delegated bond will be affected in case of malicious behaviour. 


How does a validator node qualify to be in the active set?

Any node that stakes at least 8,000 XTZ (which represents a full roll) will be eligible for the active set. The more rolls a node stakes, the higher its odds of proposing a block and earning rewards. As such, the active set does not have a limit on the number of active validators (called bakers) in Tezos.

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