Original testnet participant.
Genesis block producer and maker of the popular Hubble staking explorer.
Figment is a venture funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.
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.
How many Cosmos tokens do you have?
Enter your public wallet address to track your staking rewards and account balance.
Figment’s validator address:
Withdraw your ATOMs to a wallet that you control. We recommend these wallets because they also enable you to vote:
Once you have installed
gaiacli, it will take approximately 5 minutes to stake.
You’ll need to gather the following info:
Run these commands in your command-line terminal to stake your ATOMs with the Figment Validator:
gaiacli config node cosmos-node-1.figment.network:26657
gaiacli config trust-node false
gaiacli tx staking delegate cosmosvaloper1hjct6q7npsspsg3dgvzk3sdf89spmlpfdn6m9d 100000000000uatom --from myKeyName --fees 5000uatom --chain-id cosmoshub-3 --node cosmos-node-1.figment.network:26657
You can also refer to the All in Bits’ Cosmos staking guide.
Have questions or need help? Contact Us: email@example.com
Please see our comprehensive guide on fiat to crypto on-ramps for all staking tokens.View Guide
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. Why own ATOMs? Read more here.
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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.
Figment provides a 100% missed reward guarantee for any missed rewards due to liveness (downtime).
Figment has a near perfect operating record and has never missed rewards for downtime or been slashed.
The main drivers of the ATOM’s value could be more than transaction fees. ATOM-holders should be able to somehow extract value related to the “assets under management” that the Cosmos Hub secures (via products like DeFi). In a world of thousands of connected blockchains, credibility could be the scarcest resource, and the Hub aims to be the most credible. Owning staked ATOMs is ownership of the Cosmos Hub, entitling ATOM stakers to set/change the rules of the Hub. Read more here.
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.
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.
Until IBC (inter-blockchain communication) 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. Read more about IBC here.
Currently the Cosmos Hub pays delegators roughly 7% 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 February 2020, the network staking rate is over 70%.
Rewards are liquid and distributed automatically. Token-holders must withdraw their rewards and then delegate them if they wish to compound rewards.
Figment is never in control of the rewards.
Rewards are liquid and do not have the same 21 day unbonding period as the staked tokens.
Rewards can be tracked via Hubble, Figment’s multi-blockchain staking explorer. Scroll up near the top where it says “Already Delegating?” and enter your public Cosmos account address. We will generate your staking rewards report, which may be downloaded in CSV format.