Earn Celestia ​​Staking Rewards with Figment

Celestia is a Proof-of-Stake (PoS) blockchain with an accessible Data Availability (DA) layer. The DA layer offers networks the ability to leverage posting their data to Celestia without having to store and verify the data on their own chain. Importantly, Celestia introduces the concept of a technical ‘stack’ in the construction of blockchain networks, meaning that a given network can depend on another specialized network to provide a service within its ecosystem, in order to enable the dependent network to more efficiently accomplish its desired function/s by outsourcing certain key functions to specialized networks.

Market Cap

$1.8B

Staking Rewards Rate

11.25%

Price $10.08
Auto-Compounding No
Reward Frequency Per block
Unbonding Period 21 days
Slashing Penalties Enabled Yes
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Estimated staking information, Market Cap, and SRR (Staking Rewards Rate). Data is approximate and subject to change. Data provided by CoinGecko and/or stakingrewards.com.

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Highlighted Protocol Characteristics

  • Celestia’s modularity allows new blockchains to customize their technical stack and move difficult-to-build aspects of their architecture to other chains.
  • Celestia’s data availability layer allows other chains to permissionlessly post their data to it.
  • Celestia’s TIA token is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism
  • With Rollkit, rollups can be built around any application very quickly and post data to Celestia with little technical overhead, opening a path to a high iteration builder space that should encourage a rapid pace of innovation without scalability barriers in the way of this construction.

Staking Guide & Instructions

The easiest way to stake Celestia’s TIA token is via Keplr Wallet https://wallet.keplr.app/chains/celestia 

  • Head to https://wallet.keplr.app/chains/celestia
  • Find Figment in the TIA validator set and click the “manage” button
  • Click “delegate”
  • Enter the amount you want to delegate. Remember to keep some TIA available to pay for transaction fees
  • Click “delegate” and then click “approve” to approve the transaction
See Full Staking Guide

Figment Validator Addresses

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Market Cap

$1.8B

Staking Rewards Rate

11.25%

Price $10.08
Auto-Compounding No
Reward Frequency Per block
Unbonding Period 21 days
Slashing Penalties Enabled Yes
Stake Now

Estimated staking information, Market Cap, and SRR (Staking Rewards Rate). Data is approximate and subject to change. Data provided by CoinGecko and/or stakingrewards.com.

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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

TIA is the native token of the Celestia blockchain and can be used to stake, pay for transactions, and participate in on-chain governance.
By staking TIA, you’re eligible for new token issuance resulting from inflation on the protocol. Stakers can also earn rewards resulting from transactions on the network. Additionally, Celestia token holders are able to vote on network governance proposals.
There is no public annual rewards rate available as the network has not yet launched. Based on annual inflation and estimated network participation rates in staking, however, rewards may be somewhere in the high single or double digits.

Keplr & Cosmostation wallets support Celestia

Staking is near-instant, but unstaking requires a 21-day unbonding period. No rewards are generated on staked assets in the unbonding queue.
In Celestia’s first year, annual inflation is 8% of the total supply of 1B tokens. After year one, inflation decreases by 10% each year until it reaches a steady state of 1.50%.
Rewards are distributed block-by-block. Figment never controls your rewards; new tokens are liquid and you are able to withdraw them whenever you want. New tokens are not automatically staked, however, and you will need to delegate them if you want to add them to your existing stake.
Poor validator performance results in slashing – punishment from the protocol for substandard operation. On Celestia, there is a 5% penalty for double-signing a transaction. Initially, there is 0% punishment for downtime but this may be raised later by governance proposals.
Your assets remain in your wallet or custodian’s account but are locked by the protocol during staking.
Figment’s public fee is 10%

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