The Graph (GRT)

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

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.