Earn The Graph Staking Rewards with Figment

The Graph is an indexing protocol for organizing and efficiently accessing data from blockchains and storage networks using GraphQL, accelerating blockchain application development.

Indexers are node operators that index data and serve queries in a query market. The Graph is currently being used in a centralized way by most of the popular Ethereum applications.

Market Cap

$810.7M

Staking Rewards Rate

9.96%

Price $0.09
Percentage of Total Supply Staked 26.51%
Auto-Compounding No
Reward Frequency Per Epoch
Unbonding Period 28 Days
Slashing Penalties Enabled No
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Highlighted Protocol Characteristics

  • Indexers are node operators that index data and serve queries in a query market
  • The Graph is currently being used by Ethereum applications
  • Curation is a decision making tool for Indexers that is used to decide which subgraphs to index on The Graph
  • The Graph helps create the data tools that all application developers need allowing them to stop worrying about managing data

Staking Guide & Instructions

First, ensure that you have a MetaMask wallet installed. On this MetaMask wallet, you will need some $ETH for fees, and the $GRT tokens that you wish to delegate. For tips on setting up a MetaMask wallet, check out their website here.

  • To begin delegating the native Graph $GRT tokens, first head over to https://thegraph.com/explorer/participants/indexers
  • Once you have connected your MetaMask wallet and you are ready to delegate $GRT tokens, press the “Delegate” button in the top right corner to the Figment indexer
  • When you press the “Delegate” button, a new screen will appear to the right side, prompting you to input the amount of $GRT you wish to delegate. Once you have entered the amount of $GRT you wish to delegate - you have two options: 1) Approve the delegate amount, or 2) Infinite Approve. We recommend going ahead and doing Infinite Approve, to hopefully save time and transaction fees for future transactions. In other words, Infinite Approve gives you the option to delegate more $GRT in the future if you want to, without having to sign an additional approval transaction
  • Once you approve the transaction, you will be prompted to delegate on the Graph Explorer
  • When you press “Delegate” you will have to pay $ETH fees for the transaction. At the time of writing this article, the fees are around 0.033 $ETH for the transaction
  • Once confirmed, congratulations! You are now officially staking GRT tokens using the MetaMask wallet and native Graph interface
See Full Staking Guide

Figment Validator Addresses

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Market Cap

$810.7M

Staking Rewards Rate

9.96%

Price $0.09
Percentage of Total Supply Staked 26.51%
Auto-Compounding No
Reward Frequency Per Epoch
Unbonding Period 28 Days
Slashing Penalties Enabled No
Stake Now

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

The Graph’s native token, GRT, is a staking token for indexing, curating, and participating in on-chain governance. GRT is also used to pay for queries from The Graph network. When you delegate GRT, 0.5% of your delegation will be burned.

Wallet: Metamask + Ledger hardware device (recommended) Explorer: https://network.thegraph.com

Initially, GRT was staked to earn new issuance (“inflationary”) subsidies. It means that the GRT supply will increase and stakers will capture the newly issued GRT. Stakers will also capture fees from network transactions, and as the Graph transaction volume increases, GRT stakers will earn more than new issuance subsidies. The GRT token also gives stakers the right to vote on policy decisions on how the Graph will operate and distribute treasury funds.

From the moment you initiate the unbonding process, it takes 28 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your GRT tokens.

The Graph staking rewards and transfers began when The Graph mainnet launched on December 17, 2020.

Staking rewards are settled by the indexer, which could take up to 28 days, depending on the indexer’s policy. Figment does this every Friday. The indexer does not hold delegator staking rewards at any point in time -the protocol handles this entirely.

Yes, if your indexer does not perform optimally, you will not earn fees. There are two ways this can happen. Specifically, an Indexer that fails to respond quickly to query requests will lose fee capture opportunities. Indexers that price queries too high will not be selected. More broadly, an Indexer that does not index high-traffic subgraphs will not be an optimal earner.

No, your delegated GRT cannot be destroyed. However, when you initially delegate GRT, 0.5% of your delegation will be burned.

New GRT is issued at an annual rate of 3% of the total supply. An estimated 1% of query fees will be burned, any unclaimed rebate rewards and the 0.5% delegator deposit tax will be burned as well.

Figment has partnerships with a number of top-in-class custodians. Please contact sales@figment.io for inquiries. The Graph protocol takes control of your GRT tokens while you are staking.

The Graph will use on-chain governance to change key parameters, economic and otherwise. Read about The Graph Foundation here and about The Graph Council here.

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