Earn BNB Chain Staking Rewards with Figment

The BNB Chain is an EVM compatible chain that uses the Proof of Staked Authority consensus mechanism (PoSA) posed as a solution to bring programmability and interoperability to the Binance Chain. PoSA can be seen as a hybrid between Proof of Stake and Proof of Authority mechanism.

Market Cap

$49.5B

Staking Rewards Rate

3.00%

Price $313.58
Percentage of Total Supply Staked 15.44%
Auto-Compounding No
Reward Frequency Per Epoch
Unbonding Period 7 Days
Slashing Penalties Enabled Yes

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Highlighted Protocol Characteristics

  • The BNB Chain relies on a network of 21 validators, via the PoSA system ensuring that the most bonded validator candidates of staking, become active validators and produce blocks
  • Binance schedules quarterly $BNB burns, to reduce the supply of $BNB
  • BNB Chain combines EVM-compatibility and the fast transaction times of the PoSA to deliver a favorable interoperability solution

Staking Guide & Instructions

When you are ready to begin staking, head over to the Figment validator dashboard.

  • Once you are on the Figment validator dashboard, you will need to connect your Binance Chain Wallet extension. Click “Connect Walltet” in the top right corner
  • Proceed with connecting your Binance Chain Wallet
  • Confirm the request in the wallet by pressing “Connect” which will connect your wallet to the staking interface
  • When you are ready to begin staking BNB, click “Delegate” in the top left corner, and enter the amount of BNB you wish to delegate
  • Once you click “Delegate” and confirm the transaction, congratulations! You are now successfully staking BNB
See Full Staking Guide

Figment Validator Addresses

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Market Cap

$49.5B

Staking Rewards Rate

3.00%

Price $313.58
Percentage of Total Supply Staked 15.44%
Auto-Compounding No
Reward Frequency Per Epoch
Unbonding Period 7 Days
Slashing Penalties Enabled Yes

Estimated staking information, Market Cap and SRR (Staking Rewards Rate). Data is approximate and subject to change.

AWS Ind. Protocol Page (Two Name)

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The Latest Insights from Figment Experts

Features

Rewards Performance

Figment clients benefit from our engineering and protocol expertise to earn consistent staking rewards via our safety over liveness approach.

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Staking & Data

Manage your staking positions, view detailed and comprehensive rewards statements, analyze data on protocol wide and validator specific performance, and interact with blockchains with our Staking and Rewards APIs.​

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Robust Risk Coverage

Off-the-shelf coverage for Figment customers to help offset the risk of slashing, downtime, and missed rewards backed by insurance and Figment’s balance sheet.

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Frequently Asked Questions

Figment has partnerships with a number of top-in-class custodians. Please contact support@figment.io for more inquiries.

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