Earn Mina Staking Rewards with Figment

Mina bills itself as the “world’s lightest blockchain”. Current digital assets like Bitcoin and Ethereum store massive amounts of data on their blockchains, and will only continue to increase in size.

Mina however, claims that their blockchain will always stay the same size (about 20 kilobytes), no matter the usage. This will allow the blockchain to be downloadable by anyone who has basic storage and internet access.

Market Cap

$1.4B

Staking Rewards Rate

11.27%

Price $1.29
Auto-Compounding Yes
Reward Frequency Per epoch
Unbonding Period None
Slashing Penalties Enabled No

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.

Table of contents

Highlighted Protocol Characteristics

Staking Guide & Instructions

Stake MINA tokens by following a couple of steps below:

Figment Validator Addresses

Market Cap

$1.4B

Staking Rewards Rate

11.27%

Price $1.29
Auto-Compounding Yes
Reward Frequency Per epoch
Unbonding Period None
Slashing Penalties Enabled No

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.

Table of contents

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.

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.​

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.


Frequently Asked Questions

Minas’ native token, MINA, is used to stake and to participate in on-chain governance.

Token holders stake or delegate without a bonding or lock-up period.

Staking rewards have been enabled since the launch of the mainnet. Transfers are enabled as tokens become unlocked. The protocol unlocked 20% of Mina Foundation tokens at the launch of the mainnet. The rest of the tokens will be unlocked continuously over the next 3.5 years, beginning six months after mainnet launch.

Validators handle payouts, and staking rewards can be automatically staked. Validators can choose not to send rewards or send them when it suits them.

While there isn’t any slashing, delegators will not gain rewards if their validator goes offline.

No. Mina’s protocol is founded on the Ouroboros algorithm. Slashing is based on regulating the irrational behavior of validators by threatening them economically (aka. threatening their stake if caught with downtime or double signing).

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

Mina will use off-chain governance in line with Ethereum’s model and will also use Mina Improvement Proposals, or MIPs. The foundation sets governance standards and intends MIPs to be the primary mechanisms for proposing new features, collecting community input on an issue, and documenting design decisions that have gone into Mina. MIPs are described thus: <br><br> An MIP is a design document providing information to the Mina community, describing a new feature for Mina, or changes to the parameters of the protocol. The MIP should provide a concise technical specification of the feature and a rationale for its inclusion in the protocol. The MIP author is responsible for championing their proposal, building consensus within the community and incorporating feedback.

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