• Incentivized Testnets are the New Normal
    Feb 17, 2020 6 minute read 2020 is the year of Proof of Stake. With large projects like Ethereum 2.0 and Cardano planning to launch fully decentralized Proof of Stake networks this year, the buzz around the consensus algorithm has never been bigger. Currently, all Proof of Stake coins, like Tezos, Cosmos, and Terra, collectively have a combined market cap of over $10 billion. That number is expected to more than triple with Ethereum and Cardano transitioning to Proof of Stake.
  • Staking Rewards Reporting: Don’t Stress Tax Season
    Feb 07, 2020 2 minute read Participating in the new wave of finance does not exempt you from the rules of the traditional systems. We get that. Whether you’re staking ATOM on the Cosmos Hub, XTZ on Tezos, LUNA on Terra, or KAVA on the Kava network, with Figment you can access reports for the staking rewards that you’ve earned. We're also developing rewards tracking for Kusama (Polkadot) and Livepeer.
  • Figment’s First Look: Coda
    Feb 06, 2020 5 minute read Coda bills itself as the “world’s lightest blockchain”. Current cryptocurrencies like Bitcoin and Ethereum store massive amounts of data on their blockchains, and will only continue to increase in size. Coda however, claims that their blockchain will always stay the same size (about 20 kilobytes), no matter the usage.
  • Figment’s First Look: NuCypher
    Feb 04, 2020 5 minute read Figment is currently active on NuCypher’s incentivized testnet. Staking Hub will be hosting an AMA with NuCypher’s CEO MacLane Wilkison and CTO Michael Egorov, on February 20th at 12pm ET, to discuss staking mechanics, token distribution, and general protocols within the NuCypher network.
  • Cosmos ⚛️ January 2020 Network Analysis
    Feb 02, 2020 5 minute read New key metrics: economics; community pool; cartel watch stats. Inflation 7.12% & rewards rate ~9.43%. Top 10 validators lost a further 2% of voting power. First successful community-spend governance proposal (5250 ATOM). IBC's Game of Zones update. Staking derivatives get dedicated attention from LSWG.
  • Cosmos Governance Working Group: Month 1 update
    Jan 31, 2020 7 minute read Prop23 has provided us with some voting data to learn from. Let's lower the voting barriers: subkeys + wallet/exchange voting functionality. GWG Month 1 community call had 20 people and participation in the Cosmos GWG exceeded Month 1 targets. The Cosmos 'Parameter Change Wiki' & 'Community Spend Best Practices' doc have been initiated. Community discussions are happening--join us!
  • What makes the Cosmos Hub’s ATOM valuable?
    Jan 27, 2020 5 minute read Why hold and stake ATOMs? Future 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.
  • Kava: Daily Staking Rewards Reports
    Jan 13, 2020 < 1 minute read Tax season is upon us. Staking KAVA with Figment? Access your daily rewards reports for the Kava network to make reporting taxes easier.
  • Cosmos ⚛️ December 2019 Network Analysis
    Dec 30, 2019 6 minute read Cosmos Hub 3 launched Dec 11 with powerful new governance functionality & Cosmos Governance Working Group aims to help manage that. Multi-chain smart contracts & potential parameter changes on the horizon. Key params: Community fund > 260k; Inflation 7.19%; rewards ~9.42%; top 10 validators have 46% control.
  • Introducing the Cosmos Governance Working Group
    Dec 19, 2019 5 minute read The Cosmos Hub 3 launched with enhanced governance functionality, but without guidance for creating or assessing proposals. We're preparing to launch a proposal to improve Cosmos Hub governance. This proposal is intended to fund the development of the Cosmos Governance Working Group.
  • Terra staking rewards based solely upon transaction fees as of Dec 26
    Dec 19, 2019 2 minute read Though the commitment was stated to be one year beginning in August 2019, Terra's subsidized block rewards ending early on Dec 26, 2019. However, staking rewards from transaction fees may soon overtake the value that the block reward subsidy provided. Terra’s payment network has grown rapidly, and the transaction fee rate has increased nearly 5-fold from 0.11% to 0.5%.
  • Cosmos Hub 3 has launched: voters are more powerful than ever
    Dec 11, 2019 3 minute read Some important new features will be enabled, particularly some powerful governance mechanism functionality. Many parameter changes are possible without a hard fork, and community pool funds can be spent with a governance proposal that passes.
  • Vote Gavin for Kusama Council
    Dec 09, 2019 2 minute read
  • Terra: Daily Staking Rewards Reports
    Dec 09, 2019 2 minute read Tax season is mere months away. Staking LUNA with Figment? Access your daily rewards reports for the Terra network to make reporting taxes easier.
  • Staking Hub: Oasis AMA
    Dec 06, 2019 8 minute read Oasis staking AMA - Nov 13, 2019: mainnet launch unknown. Inflation & distribution not yet disclosed. Rewards rate 10% by Year 1. 14-day bond. Equivocation slashing initially negligible. 100 validators & delegated staking. Off-chain gov.
  • Figment’s 9% Cosmos Hub commission rate
    Dec 05, 2019 < 1 minute read 9% commission on Cosmos Hub: A great opportunity to align your stake with a solid contributor. We’ve worked hard to diversify revenue streams, and now we can pass along those savings to delegators.
  • Four Leading Staking Protocols join Figment’s Hubble Staking Platform
    Dec 04, 2019 3 minute read At Figment, our mission is to enable the adoption, decentralization, and usability of stake-based blockchains. We are excited to announce that Livepeer, Tezos, Oasis and Skale will be joining the Hubble community, bringing the total to eight leading Proof of Stake (PoS) networks.
  • Cosmos Hub Upgrade: Migration Risks
    Dec 04, 2019 3 minute read Now that Prop19 has passed, we are expecting to launch the Cosmos Hub 3 on or about December 11, 2019. This migration will expose your validator to an elevated slashing risk. Here are some important things to pay attention to before celebrating a successful Cosmos Hub 3 launch.
  • Cosmos ⚛️ November 2019 Network Analysis
    Nov 29, 2019 5 minute read Huge voter turnout --> Upgrade launch: Dec 11, 2019, will enable param changes & community pool spending. IBC's Game of Zones launch: Jan 2020. 7.31% inflation & 9.71% rewards rate. Top 10 validators have minority control for the first time.
  • Staking Hub: Cosmos Game of Zones AMA
    Nov 18, 2019 6 minute read Nov 5, 2019: Zaki Manian & Dean Tribble - Cosmos IBC & Game of Zones AMA. GoZ trains IBC operators w 100k ATOMs in rewards. IBC enables chains to exchange value & data.
  • Staking Hub: NEAR Protocol AMA
    Nov 12, 2019 8 minute read On October 24, 2019, Illia Polosukhin joined us to answer our questions about NEAR Protocol, an end-user & dev-focused blockchain. Estimated to launch February 2020 with smart contract delegation, 0% slashing for downtime, 100% for equivocation & invalid state transitions. 3-day unbonding, 5% rewards, off-chain governance.
  • NPoS: Staking & nominating on Polkadot & Kusama
    Nov 05, 2019 3 minute read The Polkadot universe is designed to distribute stake backing as evenly as possible over the validator set. How? With a staking scheme called ‘nominated proof of stake,’ abbreviated as NPoS.
  • Inter-Blockchain Communication (IBC) is Coming to Cosmos
    Nov 04, 2019 3 minute read In a world of countless, siloed blockchains, IBC is what will connect them all together. Data and token value will be transferrable between sovereign chains, including non-Tendermint based chains, like BTC & ETH will be connected to the Cosmos ecosystem. The upcoming Game of Zones incentivized testnet will be a competition to reward participants for testing IBC.
  • Cosmos ⚛️ October 2019 Network Analysis
    Oct 24, 2019 5 minute read Nov 20 Cosmos Hub 3 upgrade? Maybe. Proposal for proportional slashing.
  • Staking Hub: Celo AMA
    Oct 18, 2019 8 minute read Celo’s mainnet is planned to be run by and used on mobile phones by late 2019 or early 2020. On Sep 19, 2019, Roman, Claire, Nam, and Kevin joined us to answer all questions Celo, and to discuss the role of staking in the network.
  • Cosmos is vulnerable: Governance and the validator
    Oct 17, 2019 8 minute read How does coupling governance with validators change incentives? It may be more valuable to a validator to have governance voting power than to earn income for providing network security. This selection mechanism rewards power-seeking validators, while punishing the rest of the validators for putting a price on validator security and services.
  • What can Livepeer learn from Cosmos? Considerations for Decentralized Governance
    Oct 15, 2019 4 minute read On September 12, 2019, Chris, Lorien, and I discussed governance with the Livepeer team and community.
  • Evaluating Staking Networks: How Figment selects projects to support
    Oct 08, 2019 8 minute read Although this is a rough set of guidelines, no two projects are the same. At Figment we take every project into consideration seriously and value it for its own specific merits.
  • Staking Hub: Coda Protocol AMA
    Oct 03, 2019 7 minute read On Sep 23, 2019, Evan Shapiro, Pranay Mohan, and Emre Tekisalp joined us to reveal the much-awaited staking mechanics for Coda Protocol.
  • Cosmos ⚛️ September 2019 Network Analysis
    Sep 28, 2019 3 minute read Cosmos Hub 3 was due to launch on Sep 24, 2019, according to Cosmos Hub 3 Upgrade Proposal D. However, the upgrade failed, due to a bug in the migration procedure. The Cosmos Hub was down for a total of 2 hours and 15 minutes, which was 1 hour and 15 minutes longer than scheduled. The bug has been fixed and is due for release.
  • Risk Management for Staking: Slashing
    Sep 27, 2019 4 minute read 2019 is touted as the year of staking, with dozens of heavily funded Proof-of-Stake (PoS) networks going live or nearing launch. Although they bring with them exceptional growth potential, they also create new responsibilities for token holders that come with their own set of risks.
  • Cosmos inflation & staking rewards: How are they related?
    Sep 25, 2019 3 minute read It's important to understand that Cosmos' inflation is different than its rewards rate.Think of Cosmos' newly-minted ATOMs as a pie: inflation is the size of that pie. Staking is your right to claim a slice of the pie. We pool and split the rewards with everyone else staking, so the more that others stake, the smaller the slice of pie you get. The bigger the pie, the bigger the slice for everyone staking.
  • Introducing: Cosmos Hub 3 ⚛️
    Sep 20, 2019 3 minute read We are four days away from the first major Cosmos Hub upgrade. Here’s what to expect.
  • Funds that Stake: U.S. Tax Considerations for Investors in Proof of Stake Networks
    Sep 18, 2019 3 minute read Proof of Stake (PoS) and the token rewards that arise from staking raise a host of new questions that the U.S. Treasury Department and the IRS and have yet to definitively answer.
  • Staking KSM: How to claim & stake your Kusama tokens
    Sep 18, 2019 4 minute read If you own DOTs, you’re entitled to KSM. Claim them to get staking now!
  • Staking Hub: Kusama AMA
    Sep 18, 2019 10 minute read On August 29, 2019, Bill Laboon (W3F) and Joe Petrowski (Parity) joined us to answer all questions Kusama. Own DOTs? Learn to claim your KSM tokens here.
  • Takeaways from Berlin Blockchain Week 2019
    Sep 09, 2019 4 minute read Like many others in the industry, Figment enjoyed a great week in Berlin, connecting with various stakeholders and soaking in the enthusiasm of a rapidly evolving decentralized community.
  • Cosmos ⚛️ August 2019 Network Analysis
    Aug 29, 2019 4 minute read Cosmos rewards decreased from 10.59% to 10.30%; inflation from 7.64% to 7.56%. Cosmos Hub 3 launch target is September 24, 2019
  • Staking Hub: Solana AMA
    Aug 23, 2019 8 minute read Anatoly and Eric joined us to answer all questions Solana. Thanks to our hosts, Andrew from Figment & special guest Wolfgang from Staking Facilities.
  • Figment’s First Look: Kusama
    Aug 22, 2019 4 minute read Figment Networks will offer a validator service for Kusama that will be open for delegation. If you own DOT, you own KSM– to learn more.
  • Terra staking update: 9.75% LUNA rewards
    Aug 16, 2019 3 minute read Terra, the Korea-based stablecoin blockchain, wasted no time rallying end-user blockchain adoption after launching in April 2019. Terra-based payments app, Chai, reportedly became one of Korea’s most widely used blockchain-based apps, both on Google Play and the App Store.
  • Figment’s First Look: Solana
    Aug 06, 2019 6 minute read Solana is a permissionless, decentralized, and secure smart contract blockchain platform proposing to solve the scalability problem now. Without sharding.
  • Staking Hub AMA: Kava Staking
    Jul 31, 2019 8 minute read Kevin Davis and Scott Stuart just returned from HackAtom and Buidl in South Korea. They graciously joined Staking Hub to talk all things Kava and to answer our questions.
  • Cosmos ⚛️ July 2019 Network Analysis
    Jul 30, 2019 4 minute read TL;DR Summary: 1) Upgrade: Cosmos Hub 3 could come as early as Aug 19, 2019 2) ....
  • Compound chooses Figment Networks as Staking Partner
    Jul 24, 2019 2 minute read Compound has chosen Figment Networks as their staking and infrastructure partner on Proof of Stake networks, starting with Livepeer.
  • Kava partners with Figment Networks to launch Hubble on upcoming Kava Network
    Jul 24, 2019 2 minute read Kava and Figment Networks have partnered to launch the Hubble validator analytics and alerting tool on the Kava Platform.
  • Cosmos Staking Decentralized: Interview with Cypher Core
    Jul 18, 2019 7 minute read Cypher Core recently appeared on our radar for their open source Cosmos applications and thoughtful content, thanks to Adriana from KalpaTech. I chatted with Ken from Cypher Core last week.
  • Staking Hub AMA: IDEX Staking
    Jul 17, 2019 7 minute read Inspired by Julien Bouteloup and Leopold Joy from Stake Capital, who graciously answered our many IDEX questions over in Staking Hub (and here’s our Twitter).
  • Takeaways from the Cosmos Interchain Conversations Conference
    Jun 14, 2019 3 minute read We spent the last two days in sunny Berlin for the Interchain Conversations Conference put on by the Cosmos/Tendermint team and the Interchain Foundation.
  • A Staker’s Look at the Edgeware Lockdrop
    Jun 09, 2019 8 minute read Word is getting around the staking community about Edgeware’s “lockdrop,” a unique new token distribution mechanism. But before we talk about the lockdrop, here’s a quick primer on Edgeware.
  • Full Disclosure: Figment’s Cosmos Validator Infrastructure
    Jun 04, 2019 6 minute read There have been a few operational incidents in which large validators on the Cosmos Hub experienced prolonged downtime
  • An Expedited Upgrade for Cosmos Hub 2
    May 31, 2019 3 minute read If you’re connected to the Cosmos community, you likely would have seen various alerts and messages going around about an expedited update requiring a hard fork.
  • The Livepeer Bet: Allocative Capacity
    May 28, 2019 3 minute read A bet on Livepeer is a bet on allocative capacity. This is the premise: idle compute capacity will always be cheaper than dedicated capacity.
  • Reporting for Staking Rewards
    May 09, 2019 2 minute read Figment Networks now reports staking rewards to all of our Cosmos delegators. This will make tax reporting as simple as possible — a critical part of our transparent and compliant staking service.
  • (Mis)Understanding Yield and Inflation in Proof of Stake Networks
    May 01, 2019 4 minute read If we are going to realize a future built around decenteralized technologies it’s critical to get the narratives right. However, when “talking blockchain” traditional finance terms are often used incorrectly in an attempt to describe the new paradigm.
  • How (and why) to evaluate validator participation in Proof-of-Stake blockchain communities
    Apr 30, 2019 5 minute read While the core promise of blockchain technology involves data security, decentralization, and transactional speed/reliability at scale, the main use cases we’ve seen thus far have been limited to long-term value storage (e.g. bitcoin) and programmatic transactions of digital tokens (e.g. ethereum).
  • Figment Networks launching Terra Validator
    Apr 19, 2019 2 minute read Terra is creating a new stablecoin for consumers and a payment system for merchants designed to be used both online and offline.
  • Creating Cosmos Governance Proposals
    Apr 08, 2019 2 minute read When thinking about and participating in governance proposals, our process will be a bit different from conventional legal practices, because a cryptogovernance framework for the Cosmos Hub has yet to be established.
  • Delegate to Any Cosmos Validator Using Your Ledger on Hubble
    Mar 21, 2019 2 minute read You can now securely delegate Cosmos Atoms to your favorite Validator using your Ledger in Hubble.
  • Figment Networks Raises Seed Round to Provide Large Crypto Token Holders with …
    Mar 20, 2019 2 minute read Today Figment Networks (, a provider of institutional grade Proof of Stake (PoS) infrastructure services, announced the conclusion of a seed financing round of $2,000,000 (CAD).
  • Cosmos Network Launch and Decentralization
    Mar 18, 2019 3 minute read The Cosmos Network mainnet has launched and pulled off a rare feat for a Proof of Stake network: a totally decentralized start.
  • Track Cosmos Validator performance with Hubble Alerts
    Mar 14, 2019 2 minute read Now that the Cosmos Hub has launched, Delegators are beginning to join the network and choose Validators by delegating their ATOMs.
  • What Tezos can learn from GDPR
    Mar 11, 2019 3 minute read In late February, Nomadic announced their two flavors of the Athens proposal for Tezos. Immediately, the Tezos community became polarized and buzzing with opinions.
  • Figment Networks is launching a genesis validator on the IRISHub betanet
    Mar 05, 2019 4 minute read At 0530UTC on March 1st, 2019, IRISNet launched the IRISHub, the first global, permissionless, public Tendermint blockchain. We are excited to be participating in this groundbreaking part of the Cosmos Internet of Blockchains vision.
  • Evaluating a Cosmos Validator: Securing the Private Key
    Mar 04, 2019 6 minute read In this post we’ll dive into security and Private Key management, and discuss the tradeoffs of different approaches. As a Delegator, you should have a good understanding of your Validator’s approach so you can better understand your slashing risk for Atom loss.
  • Cosmos Game of Stakes Learnings and Questions
    Feb 07, 2019 3 minute read As we near the end of the great Game of Stakes (GoS) experiment, we wanted to take stock of what we’ve learned and share the new questions we are wrestling with.
  • Livepeer is a brilliantly designed crypto network for delivering scaled value (blockchain pioneers, take note)
    Jan 30, 2019 5 minute read Well, it’s official: the lofty promises made during the 2017 crypto frenzy have come up dramatically short.
  • Hubble Update Q1 2019
    Jan 29, 2019 < 1 minute read You can now view and generate votes for Cosmos on-chain governance proposals in Hubble.
  • Tezos’ New Year Update
    Jan 21, 2019 2 minute read Happy 2019! Looks like this year could be a very interesting year for Tezos as exchanges and custodians like Coinbase become more involved in PoS blockchains.
  • Smart Contracts vs. Application-Specific Blockchains
    Dec 13, 2018 6 minute read Besides the addition and subtraction of numbers on a distributed ledger (i.e. cryptocurrencies), blockchains hold the power to provide most — if not all — of the services that centralized computing can provide.
  • Launch of Tezos Dashboard
    Dec 07, 2018 3 minute read It’s been a newsworthy few weeks within the Tezos community, first with the 90-minute network stall caused by a single baker, followed by an attack of the network resulting in 200,000+ new spam Tezos accounts being created (causing the number of accounts to increase by more than 5X).
  • Our Cosmos Game of Stakes Strategy
    Nov 16, 2018 < 1 minute read We do not plan to form or join a cartel in the upcoming Cosmos Game of Stakes.
  • Hubble for Cosmos now Open Source
    Nov 09, 2018 < 1 minute read We’ve open sourced Hubble and moved it to a new home at
  • Announcing Tezos Batch Payments!
    Oct 29, 2018 2 minute read To our fellow bakers, we have some exciting news! For the past few months, we at Figment have worked hard to set up a secure and scalable infrastructure for our delegators.
  • Stake Your Tezos with Figment Networks!
    Oct 19, 2018 2 minute read We’re thrilled at Figment to announce the launch of our Tezos staking platform.
  • Figment Podcasts
    Oct 17, 2018 < 1 minute read Andrew Cronk (Figment), Meher Roy (Chorus One), and Jake Brukhman (CoinFund) discuss evaluating crypto networks and what it means to have institutional investors paying attention to space.
  • Tezos Baking Economics — Guide
    Sep 24, 2018 5 minute read This guide aims to explain some of the assumptions and caveats relating to the above set of projections modeling the operations and financials of baking in Tezos.
  • An introduction to Proof-of-Stake token yields: Assessing risks and rewards
    Sep 18, 2018 6 minute read Although the latest wave of blockchain hype has calmed down this year, the ferocity of teams working on the underlying technology continues to increase.
  • Cosmos Delegator and Validator Economics
    Sep 02, 2018 2 minute read As the Cosmos network gets closer to launch, a key question is how the Atom delegation system for Validators will work.
  • An introduction to the Cosmos Network: Why the Internet of Blockchains will help drive mass adoption of decentralized applications
    Jul 18, 2018 7 minute read While the scaling problem for blockchains is well understood and being addressed by many teams, what is often overlooked is the interoperability problem and why it matters for the future of crypto.
  • A primer on Proof-of-Stake and why it matters for the future of blockchains
    May 14, 2018 8 minute read There is a major, multi-faceted shift happening right now in the world of crypto.