Why Stake with Figment?

Experienced & Trusted

Experienced & Trusted

Early test-net participant and genesis block producer.

Maker of the popular  Hubble staking explorer.

Serving world’s largest LUNA holders, including the Terra Foundation.

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

Features & Benefits

Features & Benefits

Receive 88% of staking rewards (12% fee).

100% missed reward SLA guarantee.

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

Active participant in Terra community, including 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.

You maintain custody and control of your LUNA 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.

Already Delegating?

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Terra Statistics

Voting Power

9069175

Recent Uptime

100%

Recent Proposals

5

Delegations

24

Staking Guide & Instructions

You may use the Terra Station’s web interface or download their wallet to begin staking LUNA. Terra Station supports Ledger hardware wallet devices.

Figment’s address to stake: terravaloper15cupwhpnxhgylxa8n4ufyvux05xu864jcv0tsw

Have questions or need help? contact@figment.network

Fiat-to-Token Exchange

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

View Guide

Token Performance

Terra Statistics

Voting Power

9069175

Recent Uptime

100%

Recent Proposals

5

Delegations

24

Learn More

Terra offers price-stable cryptocurrencies (stablecoins) aimed at mass adoption.  The Terra Protocol facilitates the creation of digital assets,Terra stablecoins, that track the value of major fiat currencies.

Key features:

A family of stablecoins pegged to major currencies, e.g. SDR, USD, KRW, JPY, EUR, and CNY.

Stability achieved by creating mining incentives that are countercyclical to Terra demand

Delegated Proof-of-Stake (Tendermint) consensus formed over the staking token Luna

Zero-spread atomic swap amongst Terra currencies.

Terra Core builds on Tendermint consensus and the Cosmos SDK toolkits. Please make sure to study these projects as well if you are not already familiar.

Frequently Asked Questions

What is the asset that the validator node receives as a reward?

Rewards are received in KRW, SDR, EUR, and USD stablecoin tokens. These can be converted into LUNA by swapping coins.

What is the calculation for each type of reward?

As of Dec 26, the Terra network no longer pays LUNA rewards.

However, staking LUNA entitles delegators to a pro-rata portion of the 0.5% transaction fees earned by the Terra network. This fee volume is rapidly increasing.

Network fees are paid in stablecoin, and are pro-rata based upon LUNA stake weight.

How are rewards disbursed?

Rewards are distributed automatically each block by the protocol. Delegators need to withdraw their rewards from the protocol in order to transfer earned stablecoins or to convert them into LUNA.

Validators are never in control of the rewards.

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

Rewards are liquid.

 

Can a validator be slashed?

Yes, slashing can occur under the following conditions:

  • Double Signing: If someone reports on chain A that a validator signed two blocks at the same height on chain A and chain B, and if chain A and chain B share a common ancestor, then this validator will get slashed on chain A.

  • Unavailability: If a validator’s signature has not been included in the last X blocks, the validator will get slashed by a marginal amount proportional to X. If X is above a certain limit Y, then the validator will be removed from the active set of validators, and its delegators will not earn rewards until the validator sends a transaction to rejoin the active set.

  • Non-voting: If a validator did not vote on a proposal, its stake will receive a minor slash.

What is the bonding period? Unbonding period?

There is no bonding period.

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

 

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

You maintain custody of your LUNA at all times.

Your LUNA stay in your wallet and you may change your delegation at any time.

All LUNA token transfers, including rewards, are processed within the Terra 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 LUNA tokens are illiquid and may still be subject to slashing.

What are the risks of staking LUNA?

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

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