Why Stake with Figment?

Experienced & Trusted

Experienced & Trusted

Original test-net participant.

Genesis block producer and maker of the popular Hubble staking explorer.

Serving world’s largest ATOM holders + Interchain Foundation.

Figment is a venture funded,  registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.

Features & Benefits

Features & Benefits

Receive 91% of staking rewards (9% commission fee).

Figment Prime & discounts available for  > 100,000 ATOMs.  Contact us for more information.

100% missed reward SLA guarantee.

Active participant in Cosmos community, including active governance leadership.

Security & Safety

Security & Safety

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

100% reward success. Never been slashed or jailed across any of the 14 networks where we offer staking services.

You maintain custody and control of your ATOMs at all times.

Compliance

Compliance

Track real-time, historical, and future estimated returns with Hubble, including the only comprehensive and tax-compliant daily reward tracking.

Protected via industry-leading Delegation Agreement.

Calculate your rewards

How many Cosmos tokens do you have?


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Enter your public wallet address to track your staking rewards and account balance.

Cosmos Statistics

Voting Power

4,706,856

Recent Uptime

100%

Recent Proposals

3

Delegations

116

Staking Guide & Instructions

Figment’s validator address to stake:
cosmosvaloper1hjct6q7npsspsg3dgvzk3sdf89spmlpfdn6m9d

Using a Ledger

  • Delegate to Figment using Hubble or Lunie.
  • Don’t have a Ledger device? Use imToken on your mobile device and search for the Figment validator in the ‘Staking’ menu.
  • Already staking? Use Lunie’s web interface to re-delegate to Figment.
  • Tokens on an exchange?  Withdraw your ATOM to a wallet you control using Lunie or imToken.

Using a command-line interface (CLI):

It will take approximately 5 minutes to stake using a CLI on Windows, MacOS, or Linux.

You’ll need to gather the following info:

  • Figment Validator Address:
    cosmosvaloper1hjct6q7npsspsg3dgvzk3sdf89spmlpfdn6m9d
  • Amount you want to stake. Example: 100000000000uatom
  • Gas price you want to set. Example: 1uatom
  • Your key name. Example: myKeyName

Run these commands in your command-line terminal to stake your ATOMs with the Figment Validator:

  1. Connect to the Figment Cosmos Full-Node:
    gaiacli config node cosmos-node-1.figment.network:26657
  2. Configure your connection:
    gaiacli config trust-node false
  3. Make a 100,000 ATOM delegation (change as needed). Note the use of micro-ATOM units below (uatom):
    gaiacli tx staking delegate cosmosvaloper1hjct6q7npsspsg3dgvzk3sdf89spmlpfdn6m9d 100000000000uatom --from myKeyName --gas auto --gas-prices 0.025uatom --chain-id cosmoshub-2

You can also refer to the official Cosmos staking guide.

Have questions or need help? Contact Us

Fiat-to-Token Exchange

Please see our comprehensive guide on fiat to crypto on-ramps for all staking tokens.

View Guide

Token Performance

Cosmos Statistics

Voting Power

4,706,856

Recent Uptime

100%

Recent Proposals

3

Delegations

116

Learn More about Cosmos

Cosmos provides tools that make it easy to build a new, custom-designed blockchain that may interoperate with an arbitrary number of others in the Cosmos network. Its transactions are fast and low-cost, and the network is scalable. Cosmos is intended to break the silos of blockchain economies by enabling assets to be transferred between one another. A custom Cosmos blockchain can be securely connected with other blockchains, increasing the rate of adoption and liquidity.

The Cosmos SDK makes blockchain applications simple and easy to understand for developers. It also enables the simple creation of new, application-specific blockchains with a mix of pre-built modules and custom modules. This developer-friendly, modular framework allows developers to fully customize their decentralized applications in any language and focus on business logic. In the burgeoning Cosmos ecosystem, Binance Chain is one of the many iterations based on the Cosmos SDK.  Dive deeper here.

The Cosmos token (ATOM) is used by validators to stake on the Cosmos Hub in order to vote and to earn fees and rewards for securing the network. You don’t have to be a validator to vote or earn rewards–you can delegate your stake to an existing validator such as Figment. 

Frequently Asked Questions

Do I maintain custody and control of my ATOMS when staking?

You maintain custody of your ATOMs at all times.

Your ATOMs stay in your wallet and you can change your delegation at any time.

All ATOM token transfers, including rewards, are processed within the Cosmos protocol.  Figment never has custody of your tokens or rewards.

There is a 21-day unbonding period to transfer your tokens after staking.  During the unbonding period, your ATOMs are illiquid and may still be subject to slashing.

What are the risks of staking ATOMs?

Figment provides a  100% missed reward guarantee for any missed rewards due to liveness (downtime).

Your tokens are subject to a potential 5% slashing a validator “double-signs.” See how Figment approaches infrastructure and operations to protect against double signing here and here.

Figment has a near perfect operating record and has never missed rewards for downtime or been slashed.

What are some real world use-case examples for the Cosmos protocol?
What are some examples of the growing Cosmos ecosystem?
  • Fast-growing ecosystem: IRISnet, Terra, Kava, and over 90 others
  • Diverse community: professional validator set, grassroots community; institutional backers
  • Community strength: multiple wallets & explorer tools; hackathons; independent projects; >70% of circulating tokens staked
What is "slashing" in Cosmos?

In Cosmos, validators that have poor performance or violate protocol rules my have up to 5% of tokens staked slashed

Slashing occurs when a validator signs signs two blocks at the same height, which is called double signing. This is most likely to occur when a validator mistakenly activates a backup validator when their primary validator is still online.

For this reason, Figment has prioritized avoidance of double signing over liveness (uptime). There is no slashing for limited validator downtime. Be cautious of validators that have only cloud-based infrastructure or complicated software based redundancy systems aimed at minimizing liveness. Complicated redundant backup systems to optimize for uptime can result in double signing and thus slashing.

How does a node qualify to be in the active set?

There is no minimum amount of tokens required to validate, as long as the total delegation allows the validator to breach the top 125 among its peers.

What is the calculation for each type of reward?

Until IBC is enabled, there is really only one type of reward: inflationary block rewards. That’s because transaction volume is so low that we consider the fees to be negligible, compared with the block reward amount.

Currently the Cosmos Hub pays delegators roughly 10% rewards in ATOMs per year. The annual inflation rate changes depending on the percentage of the network tokens staked. When less than two-thirds of all tokens are staked, inflation gradually increase up to 20%. When over two-thirds of tokens are staked, the network inflation rate gradually decreases to 7%.

Read more about how inflation and rewards are related here. As of October 2019, the network staking rate is over 70%.

How are rewards disbursed? Do I have to re-delegate rewards for compounding?

Rewards are liquid and distributed on-chain automatically.  Token holders must withdraw their rewards and then re-delegate them  if they wish to compound rewards.

Figment is never in control of the rewards.

Are rewards considered liquid (available) or are they locked for a period?

Rewards are liquid and do not have the same 21 day unbonding period as the staked tokens.

Can staking rewards be tracked for tax reporting?

Rewards can be tracked via Hubble, Figment’s multi-blockchain staking explorer.

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