Celestia (TIA)

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 as well as a Hardware Ledger Celestia wallet.

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%