Figment

Why Stake with Figment?

EXPERIENCED & TRUSTED

EXPERIENCED & TRUSTED

30+ years of experience successfully scaling internet infrastructure companies.

Original testnet participant.

Serving the world’s largest GRT holders.

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

FEATURES & BENEFITS

FEATURES & BENEFITS

Figment Prime & discounts available for  > $250k in GRT.

Contact us for more information.

SECURITY & SAFETY

SECURITY & SAFETY

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

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

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

COMPLIANCE

COMPLIANCE

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

Protected via industry-leading Delegation Agreement.

Staking & Delegating The Graph GRT tokens

Figment’s Indexer Node IDs:

0xc60d0c8c74b5d3a33ed51c007ebae682490de261
0x6125ea331851367716bee301ecde7f38a7e429e7
0x6ac85b9d834b51b14a7b0ed849bb5199e04c05c5

If your tokens are not locked, delegation is simple.

With Metamask ready, head to https://network.thegraph.com and search for either:

0xc60d0c8c74b5d3a33ed51c007ebae682490de261
0x6125ea331851367716bee301ecde7f38a7e429e7
0x6ac85b9d834b51b14a7b0ed849bb5199e04c05c5

Click the purple button and then delegate. Enter the number of tokens you want to delegate and submit the transaction. Use Gas Now if need be to select a custom gas price.Note the fine print:
– a delegation costs 0.5%
– a redelegation will result in your GRT not earning for 28 days

Figment Allocation schedule:
– every Friday

Fiat-to-Token Exchange

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

View Guide

About The Graph

The Graph is an indexing protocol for organizing and efficiently accessing data from blockchains and storage networks using GraphQL, accelerating blockchain application development. Delegating your GRT to indexers earns you new token issuance and ~89% of the query fees. Indexers are node operators that index data and serve queries in a query market. The Graph is currently being used in a centralized way by most of the popular Ethereum applications.

Curators stake GRT tokens to signal the quality of subgraphs. Issuance rewards are proportional to Curation signal for a given subgraph. This creates additional incentives to index high quality subgraphs.

The Graph Network will be aligned around maximizing query fees flowing through the network which will be earned by Indexers, Curators, and Delegators.

Frequently Asked Questions

Where can I explore the network and create a wallet for The Graph?

Wallet: Metamask + Ledger hardware device (recommended)

Staking: https://network.thegraph.com

Explorer: https://graphscan.io (recommended for seeing effective commission rates)

When are The Graph staking rewards enabled? When are transfers enabled?

The Graph staking rewards and transfers began when The Graph mainnet launched on December 17, 2020.

What is the name of the asset being staked?

The Graph’s native token, GRT, is a staking token for indexing, curating, and to participate in on-chain governance.

GRT is also used to pay for queries from The Graph network. When you delegate GRT, 0.5% of your delegation will be burned.

Which type(s) and what rate of rewards can I expect? Can I stake locked/vesting tokens?

Locked tokens can be staked. When you delegate GRT, 0.5% of your delegation will be burned.

If 50% of the network stakes, delegators should expect an average of 6% rewards rate, and if 75% of the networks stakes, expect an average of 4% annual rewards rate. This is an oversimplification. Learn more about how new issuance GRT is distributed here.

However, we expect the fees earned by indexers to be greater than the value of the new issuance rewards in due time. The fee market will be difficult to predict, so we will need to experiment and record data points over the next two months.

Is staking income liquid or automatically staked?

Income earned by delegators is automatically added to their existing stake, which means:

  1. Staking income will compound (ie. earning rewards on rewards).
  2. It will take 28 days to withdraw any staking income.
Do I maintain custody of my GRT tokens? Who or what controls my staked GRT token?

You can self-custody The Graph’s GRT tokens, ideally using a Ledger hardware wallet.

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

The Graph protocol takes control of your GRT tokens while you are staking. If you unbond your tokens, this process will take 28 days before the protocol returns your tokens to you.

While your GRT are staked, you may participate in on-chain governance by voting on different proposals.

How long does it take to unstake?

In short: 28 days.

From the moment you initiate the unbonding process, it takes 28 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your GRT tokens.

Can my delegated GRT be slashed (seized or destroyed)?

No, your delegated GRT cannot be destroyed. However, when you initially delegate GRT, 0.5% of your delegation will be burned.

Can I lose potential staking rewards or fees?

Yes, if your indexer does not perform optimally, you will not earn fees.

There are two ways this can happen. Specifically an Indexer that fails to respond quickly to query requests will lose fee capture opportunities.Indexers that price queries too high will not be selected.

More broadly, an Indexer that does not index high-traffic subgraphs will not be an optimal earner.

What is the rate of new issuance (aka "annual inflation") for The Graph? How does the GRT token supply change?

New GRT is being issued at an annual rate of 3% of the total supply. An estimated 1% of query fees will be burned, any unclaimed rebate rewards, and the 0.5% delegator deposit tax will be burned as well. You can read more about token distribution here and about token economics here.

How are decisions about The Graph made and executed? ie. How is The Graph governed?

The Graph will use on-chain governance to change key parameters, economic and otherwise. Read about The Graph Foundation here and about The Graph Council here.

Although The Graph Council will ultimately make protocol change decisions, our understanding is that voting will initially take place on Snapshot.

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