Flow (FLOW)

Your potential rewards depend on validator performance. When your validator is down, you will not earn rewards.

Initially no, but we expect that eventually the rules will change such that a portion of your staked FLOW can be destroyed if you have delegated to a malicious or insecure validator. We will update this page when those conditions are enabled.

New FLOW tokens will be minted (ie. created) and then distributed to stakers at a rate of 3.75% of the total supply yearly. All transaction fees get deposited to a fee vault in the Service Account (controlled by Dapper Labs), and the fate of these tokens will be determined by the team over the next few months.

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

The Flow Service Account has special permissions to change critical aspects of the network, including minting/burning tokens and changing the core protocol. This account will be controlled by the Flow team, Dapper Labs, at network launch. Here are the key details from the Flow team’s documentation.

Besides its special permissions, the Service Account is like any other account in Flow. During the early phases of Flow’s development, the account will be controlled by keys held by Dapper Labs. As Flow matures, the service account will transition to being controlled by a smart contract governed by the Flow community.

From the moment you initiate the unbonding process, it takes 7 to 14 days to unstake, depending on when the request is made. An epoch is ~7 days, so your tokens will remain staked for the remainder of the epoch and then it will take an additional epoch to unlock. During the one-week unlock period (ie. epoch) you will not earn rewards. When the process is complete, you will be able transfer/trade your FLOW tokens.